To The Moon

Know Your Risk Tolerance

This may seem obvious, but if you don't have a risk tolerance, you won't trade. If you're not comfortable taking your profits and cashing out your losses, then good luck making any money.

The biggest mistake people make is they assume that riskier trades will always pay off. In reality, many times you'll lose money by going long, and win back some of that loss by exiting before the market goes back down. You want to stay away from these high-risk positions until they start working.

Don't Get Too Obsessed with Market Timing

Trading is about keeping a level head, analyzing situations and responding accordingly. Many traders get caught up in trying to predict what's coming next, instead of just reacting to what happens. Don't fall victim to market timing and try to time the market, especially early on.

Be Patient

If you think you're missing something, wait till later. There's no point jumping ship right now because everyone else is doing it. Wait until a trend begins to develop that everyone else isn't seeing, and then jump in with both feet.

Track Your Profits & Losses

Many online platforms let you track your profits and losses, and give you detailed information about how much profit each trade generated. You should know exactly how much you lost on each trade because that information can help you avoid the same mistakes over and over again.

This could also just be a simple notebook you writein when making trades  

Learn From Others' Mistakes

It's ok to learn from others mistakes (and even enjoy them), but don't become someone who constantly tries to figure out what went wrong with a certain system, and then uses that knowledge to replicate their success. Learn from others' mistakes, but don't use those lessons to copy other peoples strategies.

Just remember to be humble, because you might be the one future traders learn lessons from... 😉