đ **7 Key Trading Lessons From 7 Years in the Market â Avoid These Pitfalls đ«**
Hey fam,
Iâve been trading for seven yearsâthrough bull runs, crashes, hype, fearâeverything. One truth stands out:
âïž **The market doesnât forgive mistakesâbut it rewards disciplined execution.**
Here are insights from my experience to help you side-step costly errors:
1ïžâŁ **Have a clear plan:**
Never enter trades randomly. Define your entry, stop-loss, and profit target in advanceâthen stick to them .
2ïžâŁ **Manage your risk:**
Never risk more than you can afford to lose. Ideally, limit exposure to 1â2% of your account per trade .
3ïžâŁ **Stay in controlâdonât chase gains:**
Greed and fear kill trades. Set take-profit levels and donât override them out of hope or emotion .
4ïžâŁ **Trust your approachâdonât copy blindly:**
What works for others may not suit your style or risk tolerance. Build your own methods and test them .
5ïžâŁ **Acknowledge your emotions:**
Fear, FOMO, revenge-tradingâtheyâre destructive. Recognize them, and trade with discipline, not impulse .
6ïžâŁ **Take it slowâdonât rush:**
Consistent, smaller gains beat occasional big wins. Avoid impulsive moves fueled by excitement .
7ïžâŁ **Keep the long-term view:**
One bad trade isn't defeatâbut a reckless mindset can be. Stay focused on your overall progress .
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Final thought:
Markets changeâand so should we. But success only comes with patience, purpose, and protection. Let others gamble. We're here to grow. đ±
đ§ Trade smart. Trade safe. Respect the grind. đ
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