The important rule for traders is to cut your losses short when you know you are wrong to be successful as the quote itself by legendary trade George Soros itself says.
Keep check on your emotions and look for next opportunity as balanced mind while losing or winning is important.
These two rules, if followed religiously would assist in protecting your capital and stay in the game.
“It is not the best of traders who survive, but the ones who are smart during crisis management do.”
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