Every trader knows the rules. Almost nobody follows them when it hurts. 20 rules to followđ
1. Only trade when your capital, time and headspace are all right
2. Never add to a losing position
3. Know your exit before you enter
4. Managing open trades matters more than finding entries
5. Keep high-risk bets under 5% of your capital
6. Verify everything (rumors, signals, tips)
7. Don't let panic/hype make your decisions
8. If price disagrees with your thesis, cut it
9. Diversify, but cap it around 7-8 positions max
10. Separate your analysis from your ego
11. Always buy with a margin of safety
12. Kill losers fast, let winners breathe
13. Trade with the trend, not against it
14. Wait for confirmation
15. Every trade is one data point in a larger set
16. Protecting capital > chasing big wins
17. Journal every trade (context, reasoning, outcome)
18. Avoid overtrading and excess leverage (5x is a good one)
19. Never stop learning and adjusting
20. Follow your system (not your emotions)
Bookmark this and read them on red and green days.
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