{"id":33,"date":"2023-05-27T17:14:56","date_gmt":"2023-05-27T09:14:56","guid":{"rendered":"https:\/\/workinvestspend.com\/WIS\/?page_id=33"},"modified":"2023-05-27T17:14:56","modified_gmt":"2023-05-27T17:14:56","slug":"surviving","status":"publish","type":"page","link":"https:\/\/workinvestspend.com\/WIS\/surviving\/","title":{"rendered":"Surviving"},"content":{"rendered":"\n
\"Survival\"\/<\/figure>\n\n\n\n

When you are not winning overall, you are in survival mode.<\/p>\n\n\n\n

\n\n\n\n

\ud83c\udfaf Survive as long as you can. Build your understanding and wisdom of trading.
Only through survival can you build your fortune\u2014and make it last.<\/strong><\/p>\n\n\n\n

\ud83d\udc80 Why Survival Matters<\/h2>\n\n\n\n
\n\n
\n\n

\ud83d\udcc9 Most traders<\/strong>
blow up within the first year<\/p>\n\n<\/div>\n\n\n\n

\n\n

\u26a1 They risk too much<\/strong>
before developing skills<\/p>\n\n<\/div>\n\n\n\n

\n\n

\ud83c\udfc6 Successful traders<\/strong>
survive long enough to learn<\/p>\n\n<\/div>\n\n<\/div>\n\n\n\n

The traders who succeed treat their early years as tuition<\/strong>\u2014paying the market for an education.<\/p>\n\n\n\n

\ud83d\udee1\ufe0f Survival Strategies<\/h2>\n\n\n\n
\"Checklist\"\/<\/figure>\n\n\n\n
\ud83d\udee1\ufe0f Strategy<\/th>\ud83d\udca1 Why It Matters<\/th><\/tr><\/thead>
Risk small<\/strong><\/td>Never risk more than 1-2% per trade<\/td><\/tr>
Use stop losses<\/strong><\/td>Define your exit before you enter<\/td><\/tr>
Trade small when losing<\/strong><\/td>Reduce position sizes during drawdowns<\/td><\/tr>
Keep a journal<\/strong><\/td>Learn from every trade, win or lose<\/td><\/tr>
Take breaks<\/strong><\/td>Step away when emotions take over<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

\ud83c\udfc3 The Long Game<\/h2>\n\n\n\n
\"Long<\/figure>
\n\n

Trading is not a sprint<\/strong>.<\/p>\n\n\n\n

It is a marathon that never ends<\/strong>.<\/p>\n\n\n\n

\ud83c\udfaf Your goal is not to get rich quick.
Your goal is to stay in the game long enough<\/strong> to get rich slowly.<\/p>\n\n<\/div><\/div>\n\n\n\n

Survive first. Thrive later.<\/strong><\/p><\/blockquote>\n\n\n\n

\n\n\n\n

Related:<\/strong> Continuously winning or losing<\/a> \u2192<\/p>\n","protected":false},"excerpt":{"rendered":"

The most important skill in trading is survival. How to protect your capital and stay in the game long enough to learn.<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-33","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/workinvestspend.com\/WIS\/wp-json\/wp\/v2\/pages\/33","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/workinvestspend.com\/WIS\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/workinvestspend.com\/WIS\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/workinvestspend.com\/WIS\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/workinvestspend.com\/WIS\/wp-json\/wp\/v2\/comments?post=33"}],"version-history":[{"count":1,"href":"https:\/\/workinvestspend.com\/WIS\/wp-json\/wp\/v2\/pages\/33\/revisions"}],"predecessor-version":[{"id":34,"href":"https:\/\/workinvestspend.com\/WIS\/wp-json\/wp\/v2\/pages\/33\/revisions\/34"}],"wp:attachment":[{"href":"https:\/\/workinvestspend.com\/WIS\/wp-json\/wp\/v2\/media?parent=33"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}