Trading guides for noobs. small advices not to go broke.

considering my experience in trading (losing) I wanted to share some advice; at least to warn beginners not to fall in the trap and lose tons of money… These advices works for stock and crypto… and in general for whatever have a chart.

• if you are emotional don’t start trading. You must have bot-like mind. If you trade with emotions you are screwed
• study the chart and follow the figures. Charts work because bots and other traders work with patterns
• don’t entry/exit according to emotions. Set entry and exit according to charts levels (support and resistances)
• never double down when you trade with margin… the hope that your position will recover doesn’t mean will happen. For this stupid reason I lost 1k last Friday
• don’t go against the trend. Is almost impossible to catch a trend reversal unless if clear charts patterns will show up
• set the money you want to invest and be comfortable losing.
• don’t fall in gambling. It means the willing to recover losses just raising stakes… more likely you lose
• don’t go all in based on hope
• fuck the hope. That shit made me lose thousands

But best advice I can give is: don’t trade. Don’t trade with margin. Invest in long positions and be patient.

Don’t be me. Don’t lose 20k trading like an idiot