Been fairly new to trading but some important lessons I learnt.
1. Don't let emotions get the better of you. Don't be an average investor and panic buy or sell.
2. Believe in your own tech analysis. Go in when you think the price is right and not want to hold a long stock position immediately.
3. Always know how much you are risking per trade - stick to 2 percent of portfolio max loss.
4. Know your stop loss and take profit limit. Once hit stop loss, exit and try again next time. Same thing for profit, don't be greedy.
5. Don't stop learning and trying new strategies. But this does not mean that above rules don't apply.
6. Stick to 3 to 4 trades a month and do those well. Simple is better.
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