• Use stop-loss and take-profit orders to limit losses and secure profits.
• Risk only 1-2% of your capital on a single trade.
• Diversify your portfolio across different assets to reduce exposure.
• Use leverage cautiously to avoid amplifying losses.
• Aim for a risk-reward ratio of at least 1:2 to ensure potential profits outweigh risks.
• Stay updated on market conditions and avoid emotional decision-making.
• Stick to your trading plan to maintain discipline.
• Practice position sizing based on your account balance.
• Maintain a trading journal to analyze and refine your strategies over time.