☝️Top 10 Rules every Beginner Trader MUST Know (as me). // thread of 10/

1/ Fear of Missing out 😱

Do not #FOMO! You will always have another opportunity with safer entry & good risk reward. Just be patient to wait for the price to come at you!
2/ Do an analysis & stick to it 🧐

After you analysed the market and entered the position, you may start changing the analysis, so that you will fool yourself. Stick to your initial plan #TA
3/ Never Revenge a Trade 😤

If you having series of losses, you better get off the market for some time, rather than start revenge #trading in order to get instant profits, as you might loss even more!
4/ Always have a #StopLoss

If you are new to the market, always have a hard stop which protects you from even more losses.
5/ #RiskReward Ratio ⚠️

Your risk reward ratio has to be 1:2 as minimum, otherwise you risk your money for nothing. As well do try to use "too good" risk reward ration ex. 1:10, you may face the difficulty to even close your position.
6/ Buy #Pullbacks 🎯

If structure is #bullish, do not be fearfull to buy at supports! And opposite for the #bearish structure, sell resistances.
7/ Keep learning 📚

Read books and do courses which will help you to improve your skills. Small advice: always check the info in order not to learn from pseudo experts or so called “influencers experts”!

I love what @MisterSpread says: “traders speak on chart, not on chat”❗️
8/ Chart is your dictionary 📈📉

Be familiar with candlestick patterns, formations and reversal signals and don’t forget to use & learn some basic, but powerful indicators!
9/ Compound gains 🤑

You won't become an overnight millionaire. You will lose hard if you start to rush, increase your risks and so on. Be patient and enjoy small gains.
10/ Have a plan 🤔

At final you always need to have a plan before you enter any position. Know RR, calculate your stop-loss, and now if you can accumulate more.

@MariusDulhaniuc do you want to add anything more? ❤️
@egldrush #ShiftingPerspective #rewriteyourmind #tradingcrypto

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