Newbies, don't trade recklessly! Memorize these four major steps to master the entire market:


1. Waiting
When there are no opportunities or signals, do one thing: wait. This is the longest phase in trading.
2. Opening a position
When a signal appears and conditions are met, enter decisively. This is the execution step.
3. Stop loss
Admit when you're wrong, exit firmly. Not holding, not gambling, not taking chances is a life-saving step.
4. Take profit
When right, take it. When the time comes, close the position and let the profits run. This is the step of collecting money.
After completing one cycle, return to waiting, and repeat. So there's really no need to complicate things:
Trading = waiting + opening a position + stop loss / take profit + waiting again — this is just one cycle, a lifetime of repeating.
See through human nature, and do good trading.
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