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