Tip 1: If you want to stay in this business, leave “hope at the door and put a stop loss”.
Tip 2: When you start trading (open a position), start looking for signs that you are wrong. If you see them, then get out before you hit the stop loss.
Tip 3: Trading should be tiring, like working in a factory. If there is a guarantee in trading, it is: “excited traders drain their accounts”.
Tip 4: Don’t jump into the “next hot thing.” Develop your plan and follow it.
Tip 5: You trade other merchants of non-existent goods. You have to take into account (feel) the psychology and emotions behind trading.