Key rules to follow:
1. Diversification. It is the main principle of risk management. Working with one, even the most popular exchange, is shortsighted and risky, just as investing in only one asset.
2. Stick to a strategy. And do not be distracted from it. Letting your emotions run away with you and jumping from one path to another increase the likelihood of getting losses more than profits.
3. No loans. This is not about margin trading but about real loans — many traders take such steps, hoping to quickly reduce their investments and get more profit.
4. Analysis. Pay attention to not only technical but also fundamental analysis so as not to miss the breaking point of the trend. Also, follow the political and economic news.
5. Minimise risks. It is imperative to use stop loss and take profit orders to minimise risks.
6. Opportunism. Rely only on analytics and facts, not on intuition and luck.
Observance of these simple rules will significantly reduce the likelihood of your burnout in the first few days.