#CEXvsDEX101 JAKE wrote: *"I've lost everything I had left."
Sometimes the game really ends.
Loss is neither a lesson nor a test.. Sometimes it is the end.
5 rules you must never violate in trading:
1️⃣ **Don't put all your eggs in one basket (diversification):
- Even if you're 99% sure about a deal, allocate only a reasonable percentage of your capital.
2️⃣ **Always use stop loss orders:**
- Predefine the maximum loss you can afford **before entering the trade**.
3️⃣ **Don't trade when you're emotional (out of fear or greed):**
- Emotions are the number 1 enemy of a trader. If you're angry or too excited, step away from the screen.
4️⃣ **Learn more from losses than from profits:**
- Keep detailed notes on every losing trade: Why did you lose? How can you avoid that?
5️⃣ **Keep a portion of your capital as a reserve:**
- The market may give you golden opportunities after your losses, but under the condition: that you have enough to take advantage of them.
"A big loss is not a flaw, but **repeating the mistake without learning** is the real disaster."
🚀 A professional trader is not someone who doesn't lose, but someone who knows how to lose **a little** and win **a lot** in the long run.