Don't put all your eggs in one basket. Diversity. Diversify your investments so if one falls, other investment may help you to recover.
I love this formula / proverb, all traders are sometimes greedy. so they forget the risk of trading without leaving capital to keep prices deeper.
Trading does look cruel to anyone who does not have a strategy
thank you for sharing, this post is very useful.
There is a famous quote, I believe the original author is not certain, but
here´s and study that attributes the merit to Andrew Carnegie in the 19th century:
"The concerns which fail are those which have scattered their capital, which means that they have scattered their brains also. They have investments in this, or that, or the other, here, there and everywhere. “Don’t put all your eggs in one basket” is all wrong.
I tell you “put all your eggs in one basket, and then watch that basket.” Look round you and take notice; men who do that do not often fail. It is easy to watch and carry the one basket."
That is, make sure that you don´t get into so many things that you can´t really follow them.