when I give out "advice" to new traders I always say don't trade, as the first one.
but if they insist on it, I always say keep sensible risk , and always play it safe.
the thing is that's not how I've done it, and always feels a bit hypocritical to say it.
but I can't say to do the same things I did as a lot of it was luck and being at the right place at the right time.
but growing a 4/5 figure account ain't going to happen running vols of 20% like the professionals do.
the new trader must know his edge, but even more importantly, be willing to max extract the capacity of that edge, sometimes