$XAUUSD The importance of trading discipline

1. Don’t engage in revenge trading. Use position sizing and risk management.
2. Trading mindset: don’t expect to make money; don’t be afraid to lose money.
3. You must trust your own judgment and strictly follow take-profit and stop-loss rules.
4. For every losing trade, don’t lose more than 5-10% of the principal.
5. Wait for good entry opportunities. Pursue a high profit-to-loss ratio. Always set a stop-loss.
6. After your position generates unrealized profit, run it and, depending on the situation, move your stop-loss up to break-even to lock in the profits you’ve already made.
7. The last and simplest principle: slow is fast. If you rush, you won’t succeed. Most people chase the myth of high leverage and heavy positions for quick, massive profits, but they forget that low leverage and compounding over time is the rose of time.