Next Phase (Paper Trade First):
- Switch to a demo/paper account for minimum 1-3 months.
- Trade exactly as you would with real money. Track every result.
- Only return to real money when you are consistently profitable on demo for a decent period (e.g., 2-3 months).
Key Rules for Beginners (Non-Negotiable):
- Never risk money you cannot afford to lose.
- One losing streak can wipe you out if risk is too high.
- The market will always be there tomorrow. Your capital might not.
- Focus on not losing first, then on making money.
- Keep a trading journal every single day.
Mindset Reset:
Losing is normal. Even great traders lose 40-50% of trades. The difference is they lose small and win bigger. You probably did the opposite.
If your account is heavily damaged, consider stepping away completely for now and rebuilding capital from other income sources before trying again.
Summary: Pause. Analyze brutally. Fix your process and risk. Prove it works on demo. Then return smaller. Discipline beats intelligence in trading. Most beginners fail because they refuse to follow these basics.