Re capping some basics.

No Take Backs in the Market.

Understanding your exposure at all times is necessary.

1. Always trade with a stop, this limits the risk you are willing to take to make a profit.
2. Always set at least a target or multiple targets. This is how a market maker plays, to make money and move on.
3. The less you know the more likely you are to loose. Study your market and know it inside and out.
4. Understand leverage and how to use it. Never enter a trade with money you can’t loose. Never trade with your rent money, your life savings, your dream money, your education money, your long term investing money. Use only high risk capital.
5. Never follow any ones advice. It is really just an opinion and when you loose it all no one will step up. They will say, “boy were you unlucky”
6. Only you are responsible for your money. No one else. That is why 99% of investors have to keep working to invest. They don’t set targets and they do not understand how to take a profit. The market builds the investors endurance to keep working and keep investing.
7. Learn from this drubbing.
8. Get over it and get educated.
9. The faster you appreciate the lesson you have learned, the more likely you are to change the direction of this loss.
10. Always rely on your knowledge for decisions.
11. If you don’t know, don’t do it.

Get educated in how people with money do it consistently and follow them.