11. “Stop hunting for the perfect entry—focus on managing your exits.”
Many traders spend a lot of time finding the perfect entry point but they neglect how to exit the trade.
Managing exits, including setting stop losses and profit targets, is more important because a well-organized exit ensures profits even with imperfect entries.
12. “The market doesn’t care about your opinions; it only respects price action.”
Many traders develop strong opinions about where the market “should” go, but the market is based on supply and demand, not personal beliefs.
Rather than imposing their expectations on the market, successful traders focus on price action and market signals to make objective decisions.
