By: Shan Ali
Buying and selling seems glamorous — quick cash, laptop computer life, and charts that scream alternative. Behind each profitable dealer, although, is a cemetery of lifeless trades, sleepless nights, and stinging classes.
Listed here are 5 issues I realized the laborious manner so you do not get caught in the identical traps.
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1. Revenue Is not Actual Till You Take It
One in every of my earliest errors was holding onto worthwhile trades for too lengthy — anticipating “just a bit extra.”
Guess what? Most of them circled.
> “Greed ain’t a method, it is a entice.”
As I write this, I mark down agency take-profit ranges. Even when I go away some cash on the desk, I sleep higher understanding I made a disciplined withdrawal.
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2. By no means Danger What You Cannot Afford to Lose
I as soon as risked 40% of my account on one commerce I “knew” would win. It did not.
It was the costliest lesson of my buying and selling profession.
As we speak, I take advantage of the two% rule: By no means danger greater than 2% of my capital on one commerce. Danger administration shouldn’t be boring — it is survival.
