TWO BASIC RULES ABOUT TRADING

TWO BASIC RULES ABOUT TRADING

Two basic rules in trading Don't bet more than you can afford to lose. This is one of the most important rules in trading, as it helps to protect you from financial ruin. If you bet more than you can afford to lose, you will be more likely to make rash decisions and take on unnecessary risks. This can lead to you losing even more money, which can be very stressful and even lead to financial problems. Don't chase losses. This is another important rule in trading, as it can help you to avoid making even bigger losses. If you lose a trade, it is tempting to try to win back your losses by betting even more money. However, this is a recipe for disaster, as you are more likely to lose even more money. Instead, it is important to accept your losses and move on. #investing #stocks #cryptocurrency #forex #daytrading #swingtrading #positiontrading #technicalanalysis #fundamentalanalysis