A good rule to follow is to always use good money management. The market doesn’t care if you win or lose your money. It is always moving and there is always something happening.
Some people get into a trade and let it run against them thinking it will come back. When it doesn’t come back usually one of the following two things occur:
1. They run the risk of a margin call.
2. They put more money in their account to prevent the margin call. (Not a good idea)
You also need to learn to leave your emotions out of your trading. Don’t try to beg the market to go in your direction. Because there are many people that haven’t learned to keep their emotions in check and they are begging and praying for it to go in the opposite direction that you want it to go.
Never trade with your emotions or your pocket book. Learn some good trading rules and techniques, and then follow them.