1. If you want to continue trading then it's best to put your hopes aside and set a stop loss for all your orders.

2. When you initiate a trade (open a position), start by looking for evidence that you were wrong in making this trade. If you see these happen, then exit your trade before it hits your stop loss.

3. Don't let yourself get too excited about the profits in trading, as that can drain your account.


4. Don't look at the attractiveness of a signal and jump into it. Plan your own trading and stick to it.

5. Do not trade according to your own psychology but should analyze the psychology of the crowd, who are trading with you behind the curtain of the market.

6. Emotional trading is the cause of the failure of many traders. So it's important to be aware of your emotions in trading. Always ask yourself if the strategy you are implementing is justified before entering a trade. Calmly place orders and place stop losses according to the principles.


7. Don't worry too much, don't get too excited, because this will blur your mind.

8. Do not trade too much but wait patiently for a good deal that is true to your strengths to appear.

9. Trading with high volume is one of the ways to blow up the account.


10. Don't focus on making money, but focus on following the principles of the method. If trading in accordance with the principles and strict capital management, then everything else you do not need to worry about.

11. If you focus on profits, you will begin to put your mentality on the market to fulfill that profit demand. That means that mentality will take control of your trading process.

12. The best way to minimize your risk is to not trade. This is true in trading, especially during periods of low volatility. If market conditions are not right, no trade should be done. You just need to sit back and watch, try to learn something. This way, you will be more proactive in reducing your risk and protecting your capital.


13. You don't have to trade every day. Fewer trading but the better quality would be a smart choice for traders.

14. Always limit your risk by placing stop-loss orders for all your trades and there are times when you need to stay out of the market.

15. In life, hope is a very positive thing. But in the trading world, hope is a virus that infects and destroys your account and your spirits.


16. Do not allow losing positions overnight.

17. Keep profitable positions in a direction in your favor as long as they are moving in the right direction with the market.

18. Capital management is the secret to trader success. Capital management helps traders to have more stable trading psychology, limit risks and manage trading will also be much better.

19. Never hesitate or hesitate in placing stop-loss orders. Risk reduction is a must in trading that you should prioritize first.

20. Professional traders accept losses as a part of trading and that is very normal.

21. Do not continue trading when you have suffered a loss, even if it is a small loss. Ideally, you should accept that small loss with the mindset of comfort.

22. Never let a position risk more than 2% of your equity. As the trading volume gets bigger, the stricter stop loss will have to be.

23. Use the daily chart for trends over the previous 30 days, use the hourly chart to grasp the daily trend, and the 5-minute chart to identify entry points.


24. If you hesitate to open a position, it shows a lack of confidence and in fact, this is not necessary. Just place a position and set your stop loss in principle. Losses are common, they can happen every day, and it's important to keep your losses small. The confidence you need is not to determine whether you are right or wrong, but to let you stop at the right time.

25. Never add a position when your trade is losing money.

26. Make all tradings in accordance with your methodological guidelines


27. Psychology is a sign that is a sign that your emotions have blurred your mind, causing all your actions to be performed without thought. Realize this and immediately set the stop loss as small as possible or close the order is a must.

28. Know your own trading advantages to know when to trade and when not.

29. After an unusually sharp rise, there is a possibility that the price will correct due to large institutions selling their positions. And they will repurchase where you normally put your stop loss on buying after the price has risen. Greed will often emerge when prices rise again and players try to buy again at such signals. Understanding this will help you learn how to open and close a position properly.


30. Excessive confidence causes the account to ruin. Remember that when you're wrong, accept yourself wrong, don't try to hold a losing position just to prove yourself right. Be decisive to close orders and accept losses.

31. You only really understand the importance of staying disciplined until you lose heavily or even burn your account.

32. Withdrawing monthly profits and depositing them in a bank account is a good approach. This action will help you understand that your job is consistently profitable and consistently.


33. Professional traders always invest a small portion of their capital in a trading position. Or if they open a large position, they always limit their risk to 1 to 2% of capital. Amateurs often put a large portion of their account in a position expecting to make a huge profit. This makes the ability to burn accounts extremely large when they are psychologically dominated. While professional traders limit their risks and continue to make their own decisions.

34. Professional traders focus on risk management and capital protection. Amateur traders focus on making money with every trading. But the reality is that professional traders always get money from amateurs.

35: Never go against the market, don't act brave and fearless because the market doesn't care. Your blind bravery will at times set you on fire. Then, know the market to make money and accept the mistake of losing money, not against the market.


36. Traders will not comply with strict rules until they burn out their accounts or lose heavily.

37. If you find yourself in a losing position in the first place, equivalent to 20% of your capital and you have a chance to exit your order after a big increase/decrease, then don't hesitate. Lam, at that time, definitely close the order. What you need to do is protect your capital. Exit the market when the opportunity arises, don't create a bad habit for yourself.

38. Only you can take full responsibility for every trade you make. Don't blame anyone else when your mistakes are your own.


39. A trader who does not control the risk is controlled by emotion.

40. No one can predict the future of prices so the only and best thing you can do is determine the level of risk for your strategy now. The key to successful trading is to focus on how much you risk, not how much you can make.