5. Do not let greed take over. When bidding begins successfully, traders often forget about the previously set goals, hoping for the same successful continuation. However, the market is very volatile and trends may quickly end. Once the target price is reached, immediately withdraw the profit or raise the stop-price to avoid losses. 6. Effect of news on the trades. The increase in trading volume caused by a much-publicized event leads to the movement of prices, which is sufficient to ensure that traders use to their advantage short and rapid changes on the market. Inexperienced traders often aim for one trading transaction per day, which would make considerable profit. 7. Do not have illusions. If an open position is getting worse, do not stay on the market in the hope of the trend turning in the direction that is favorable for you. Immediately leave the market. 8. Remove emotions. The cause of losses often lies in excessive emotionality. Turn off emotions during transactions. Stick to your plan and do not forget to set stop loss orders. 9. Trend is your friend. Trade along the direction of the trend and your profits will grow.
