7. “The best trade is not the one with the highest profit but the one with the best risk Management.”
Many traders chase high returns, but the most valuable trades are those where the risk is minimal. A trade with controlled losses and a good risk-reward ratio is better than a trade with high profit potential but high risk.
Preserving capital should always be a top priority.
8. “Charts tell a story—read them before you write your trade.”
Price charts provide valuable insights into market trends, patterns, and potential reversals. A trader who carefully analyzes charts before entering a trade stands to gain.
Ignoring technical signals and jumping into trades blindly often leads to losses. Reading the “story” behind price movements helps traders make informed decisions.
