Course › Level 3 — How not to lose your money

The mindset rules

Risk math protects you from the market. These four rules protect you from yourself — the more dangerous opponent.

1. Two losses = done for the day. Close the app. The market runs 24/7; it will still be there tomorrow. Almost every blown account has a "third trade of a bad day" in the story.
2. Never chase a loss. Doubling your size to "win it back" is the fastest known route from a bad day to a dead account.
3. Journal every trade. One line: what you saw, what you did, what happened. Ten journaled trades teach you more than a hundred forgotten ones — and the pattern in your losses is usually embarrassingly obvious in writing.
4. Let the stop do its job. You placed it with a calm mind and a plan. Don't move it when losing (that's re-negotiating with reality) and don't panic-close a trade that hasn't hit it (that's paying for protection and refusing to use it).

Print these. Seriously. Every experienced trader you'll ever meet has scars from breaking each one.

Now you're ready for the fun part: placing an actual trade.

Mark lesson complete