3 Principles for Successful Trading

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Techniques are everywhere on the internet or in books, and the indicators everyone uses are all different.
Those are just for setting standards, but the three most important things are:
1. Never average down; instead, use "pyramiding" (adding to winning positions) to maximize profits.
2. Set stop-loss lines, and once you enter the profit zone, move your stop-loss line above your initial principal.
3. Patience.
If you repeat 1 and 2 with patience, you will experience repeated small profits and small losses. If you catch a trend properly,
you can hit a massive profit—even hundreds of times your investment if you use leverage up to dozens of times.
Usually, people fail to repeat 1 and 2 due to a lack of patience; they average down out of fear of loss, or fail to cut losses while chasing even bigger profits, resulting in being stuck in a position. This leads to a cycle of small profits and large losses.