1. Always use a strategy

You should have a trading strategy for every trade you do.

2. Always use a stop loss

Your stop loss should be the first thing that your strategy gives you . This is what protects your account. If you are letting a trade run and run into a massive defecit then your strategy is poor or non existent and you are now praying that the trade turns around.

3. Don’t trade longer hours than you can manage.

Staying up baby sitting a trade will wreck you , set your limits and stops and get some rest.

4. Dont trade news.

Remove trade orders 30 mins before major news announcements. Your trades are based on technical analysis there is no place for them during fundemental annoucements.

5. Dont listen to  / watch  news channels

Most of the people talking on these are just massaging their ego, ignore them and trust your own strategy.