Trading can bring attractive profits, but it also comes with high risk. If you want to survive in the market long-term, keep these points in mind:
1. Risk management comes first
Never “all-in” on a single trade. Only risk a small percentage of your account per trade and always set a stop loss.
2. Understand the market you are trading
For example, Bitcoin is highly volatile, while the Vietnamese stock market is influenced by indexes like VN-Index. Each market has its own characteristics — don’t trade without understanding them.
3. Control your emotions
FOMO, greed, and fear cause most losses. Discipline is more important than intelligence in trading.
4. Have a clear strategy
Enter trades based on a plan, not rumors. Always define your entry point, take profit, and stop loss before placing a trade.
5. Don’t think trading is a get-rich-quick scheme
The market is not gambling. Success requires knowledge, experience, patience, and consistency.