1. Cut your losses
All systems will have a proportion of losing trades and you better be ready for them. Never hold on, praying that a bad trade will come good. Get out fast and wait for a better trading opportunity. 2. Learn from your mistakes
We all make mistakes and there’s no point beating yourself up over them. Ensure you learn from them before you forgive, forget and go on. Whether it seemed to be a distraction that made you enter the wrong figure in a box or a temptation that you gave into, it is worth making a note of what occurred in your trading records.
3. Early success could lead you to become over assured and start risking too much. Avoid that enticement.