Golden Rule *Don't Bring your Emotion in between Trading
*Never Sell in LOSS
*Follow Market News
If you learn this you will never face loss. i love rule #1. emotional trading is a great way to go on tilt and lose your shirt. cutting out emotion is easier said than done---after several years of trading, i still occasionally struggle with FOMO or letting losses run.
i hate rule #2. it's extremely important to know when to cut losses. you should always have a clear plan before entering a trade: entry, exit, stop loss. if you don't stop loss, your portfolio can be crushed quite easily. you may eventually get back to break-even by waiting (if you're lucky), but even so, your capital is tied up in a losing trade rather than being put to use elsewhere.