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đĄ Golden Rules Every Trader Must Remember
đ§ 1. Trading Is a Game of Probabilities â Not Certainties
No setup guarantees success â your goal is to manage risk and win more than you lose.
Think in terms of risk-reward ratio and long-term edge.
𧟠2. Risk Management Is Your Survival Kit
Never risk more than 1â2% of your capital on a single trade.
Always use a stop-loss â never trade without one.
Protect capital first, profits will follow.
"Amateurs focus on how much they can make. Professionals focus on how much they can lose."
đ 3. Control Emotions: Fear and Greed Kill Accounts
Donât FOMO (Fear Of Missing Out).
Avoid revenge trading after a loss.
Stick to your trading plan â donât trade based on emotions or news hype.
đ 4. Plan Every Trade â And Trade the Plan
Entry â
Stop-loss â
Target â
Risk-reward ratio â
If itâs not written down, itâs not a plan.
đ§ 5. Patience Is a Superpower
Donât chase trades. Wait for high-probability setups.
The best traders take fewer, better trades.
Sometimes the best trade is no trade.
đ§Ș 6. Backtest and Journal Every Trade
Learn from both wins and losses.
Keep a trading journal:
Why you entered
What worked/failed
How you felt
Improves discipline and performance over time.
đ 7. Understand the Market Structure
Donât trade blindly â know:
Support & Resistance
Trend direction
Volume behavior
Volatility zones
đŒ 8. Donât Trade Without Proper Capital
Under-capitalization leads to emotional decisions.
Donât trade with borrowed money.
Only trade what you can afford to lose.
âïž 9. Use Tools, Not Hype
Rely on:
TradingView charts
RSI, MACD, EMA, Fibonacci
Price action and volume
Avoid "signals" from social media unless verified.
đ 10. Stay a Student of the Market
Market conditions change â your strategies must evolve.
Read books, take courses, learn from mentors.
Master one strategy first before trying multiple.