✅ Tips and what to Avoid

Tips and What to Avoid ✅

Master these principles to trade like a professional and avoid costly mistakes.

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✅ Core Best Practices

1️⃣ Stick to a written trading plan Define setups, entry/exit rules, and risk per trade, then follow it religiously.

2️⃣ Risk ≤ 2% of account per trade Size every position with risk $ ÷ stop-distance = trade size.

3️⃣ Journal every trade Log price, thesis, emotion; review weekly to spot repeat mistakes.

4️⃣ Keep learning continuously Markets evolve—read, backtest, and attend webinars each month.

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⚠️ Common Pitfalls

5️⃣ Control your emotions Fear & greed sabotage analysis—use pre-trade checklists to stay objective.

6️⃣ Avoid over-trading Quality beats quantity; never revenge trade after a loss.

7️⃣ Respect leverage carefully It magnifies losses as easily as gains; scale down in volatile markets.

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🚨 Critical Rules (Never Break These)

8️⃣ Always set stop-losses Automation enforces discipline when price moves fast—no exceptions.

9️⃣ Never trade money you can't afford to lose Capital preservation is Rule #1—rent money is not trading capital.

🔟 Never ignore risk management One bad trade without stops can wipe out months of profits.

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📊 Market Awareness

1️⃣1️⃣ Watch the economic calendar CPI, Fed meetings, and earnings can invalidate technical setups instantly.

1️⃣2️⃣ Understand your tools & indicators Backtest each tweak before going live—know your edge.

1️⃣3️⃣ Diversify assets & strategies "Many baskets" lower drawdowns and smooth equity curves.

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💡 Quick Reference

Do's ✅	Don'ts ❌
Plan every trade	Trade on emotions
Use stop-losses	Risk rent money
Journal results	Revenge trade
Risk 1-2% max	Over-leverage
Stay educated	Ignore news events
Diversify holdings	Put all in one trade

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🎯 The Golden Rules

Remember: Professional trading is about consistent small wins, not home runs. Follow these rules, and you'll outlast 90% of traders who ignore them.