Here’s a solid list of “Success in Trading: Tips for Every Trader” — helpful whether you’re just starting out or already have some experience under your belt:
Stay Disciplined – Stick to your trading plan. Avoid emotional decisions.
Be Patient – Not every day is a trading day. Wait for high-probability setups.
Manage Expectations – No one wins 100% of the time. Focus on long-term consistency.
Master One Setup First – Don’t chase every strategy. Perfect one before exploring others.
Backtest Thoroughly – Historical performance won’t guarantee future results, but it’s a must-do for confidence.
Know Your Edge – What gives you the advantage? Define it clearly.
Always Use a Stop Loss – Even mental stops are better than none.
Risk Small Per Trade – Never risk more than 1-2% of your capital on a single trade.
Understand Position Sizing – Use lot sizes appropriate to your account and volatility.
Use a Reliable Platform – Technical issues can cost you real money. Choose tools you trust.
Keep a Trading Journal – Log entries, exits, reasons, emotions, and outcomes to learn faster.
Study Price Action – No matter your strategy, price is the final word.
Follow the Markets Daily – Even on days you’re not trading, stay in tune.
Learn from Losses – Each losing trade is a teacher. Don’t waste the lesson.
Join a Trading Community – Share ideas, learn from others, and stay motivated.
Get Feedback – An outside perspective can uncover blind spots.
Stay Humble – Markets can humble even the best. Keep learning.