Is trading profit difficult? The order of principles is key
Risk Control First
Strategy Second
Mindset Third
Profit Last
Risk Control: The cornerstone of the trading tower;
Risk control is undoubtedly the most critical element in trading, serving as the cornerstone that allows the trading tower to be firmly established. The futures market has high leverage characteristics, which is both a tool for obtaining high returns and a box that amplifies risks. Even a very low-probability risk event, if not effectively controlled, can trigger a snowball loss of account funds, akin to the butterfly effect.
Effective risk control measures are first reflected in reasonable position management. Yiming's risk control measure is that the maximum drawdown for a single trade does not exceed 2% of the principal.
Strategy: The navigation toward profit
On the solid foundation of risk control, the trading strategy acts like a navigation device, guiding investors to the shores of profit in a complex market. Prepare your trading plan in advance.
Mindset: The helmsman of trading
Yiming has unique insights into mindset training; placing orders without hesitation, holding positions without watching the market, letting gains and losses go; maintaining a stable mindset by consistently running for exercise every day.
Profit: The fruit of inevitable results
Once the previous three aspects are well managed, the rest is left to time, enjoying the leverage of time.
Most people make a mistake right from the start, thinking first about how much money they want to make, always wanting to earn the maximum profit, but cannot bear the risks of market fluctuations.
