question- what are the things that a trader should never do?

[Komondar]

exactly, complying with wise risk management is a must especially for those who consider this adventure as kind of prospect in a long run.
over risking leads to one possible outcome - burning out, mentally. sometimes it's followed by the depo drain, ha.
but even if you manage to earn good money while risking much, burning out will anyway reach you.

I assume risk management is something that rookies should master in the first place. Tough, thorny and challenging path, but nobody promised it would be easy

Trading without proper risk management is like trying to surf without checking if there are any sharks in the water. You might catch a wave, but you could also end up as shark bait

 

[irvan1234]

I think traders should remember that having a tight stop loss does more harm than good. Its all about finding a good entry point and be patient

 

[bigdolly]

Trading without proper risk management is like trying to surf without checking if there are any sharks in the water. You might catch a wave, but you could also end up as shark bait

Traders should never trade with money they cannot afford to lose, neglect risk management principles, or let emotions dictate their decisions. Additionally, they should avoid chasing losses, over-leveraging, and trading without a well-defined strategy. Staying disciplined, patient, and focused on long-term goals are essential to successful trading.

 

[Komondar]

Traders should never trade with money they cannot afford to lose, neglect risk management principles, or let emotions dictate their decisions. Additionally, they should avoid chasing losses, over-leveraging, and trading without a well-defined strategy. Staying disciplined, patient, and focused on long-term goals are essential to successful trading.

Absolutely agree. Trading without a plan and risking more than you can lose is a recipe for disaster. Discipline and strategy are key.