5. “Risk is not something to avoid; it’s something to manage wisely.”
There is always risk in trading, and avoiding it completely means missing out on opportunities. Instead of fearing risk, traders should focus on controlling it through stop losses, position sizing, and risk-reward analysis.
Managing risk effectively allows traders to stay in the game for a long time.
6. “Consistency in strategy beats occasional brilliance in execution.”
One lucky trade does not make a successful trader. Many traders make good trades occasionally but lack a repeatable strategy.
A consistent approach – following a well-tested trading plan with discipline – leads to long-term success, while relying on luck or instinct leads to inconsistency and failure.
