16. Never Trade To Recover Losses
It is the most important day options trading rule to remember always because, there is no term like loss recovery in the market, the money you lost in the market, is fees paid by you to the market for learning purposes like college fees.
So don’t try to recover your losses try to become the best trader who consistently makes profits even if it’s small.
17. Never Trade To Get Rich Overnight
Many traders enter the market with wrong expectations, they feel like with one trade they can earn a very big amount and get rich very fast, which is not true. The share market is a very hard way to earn money easily and fast.
18. Never Increase Quantity On Profits
Many traders make this mistake on those initial days profits, they start calculating the profits on position sizing which is another big mistake. Never increase lot size till becoming net profitable for at least three months.
