Jungle Trading Rules: Are You the Hunter or the Prey?

In this morning's pre-market analysis, we pointed out that the key entry point for Bitcoin is around 107,000. After the signal indicated a bullish trend, we followed the Silk Road, setting the target at around 108,000. From the market movement, it perfectly validated this idea. This once again proves that opportunities are always reserved for those who have a clear mindset and decisive execution. As long as we have a clear trading strategy and sufficient execution power, the rewards will naturally follow.

Taking this opportunity, I have also summarized a few iron rules that successful traders follow, which are also prerequisites for achieving financial freedom:

1. In a vast sea of opportunities, take just one scoop.

The essence of trading lies in capturing key points to gain profits. Those who truly understand the term "key points" have often been tempered by the market, learning tough lessons through experience. In a complex and ever-changing market, we do not need to chase every fluctuation, but rather accurately grasp those critical turning points and focus our energy on the most reliable opportunities. Only in this way can we accurately capture our own scoop in the ocean of trading.

2. Firm Will, See Through Human Nature

Ultimately, trading tests human nature. The market is like a giant emotional amplifier, where human weaknesses such as greed, fear, and herd mentality are magnified. Successful traders can maintain an independent viewpoint, unaffected by the influence of the crowd, and are not swayed by short-term market fluctuations. They understand that only by firmly adhering to their trading strategies can they remain calm amidst market volatility and make rational decisions.

3. Control Impulsive and Capricious Trading

Excellent hunters do not blindly chase prey but patiently wait for the best moment to strike. Trading is the same; impulsiveness and capriciousness are major taboos in trading. Many people often enter the market blindly out of momentary impulse, resulting in outcomes that are contrary to their expectations. In contrast, successful traders, like hunters, spend most of their time waiting, only to strike decisively at the most opportune moment.

Are you the hunter or the prey?

The market is ever-changing, but as long as we maintain a clear mindset, firm belief, and strict discipline, we can find our own opportunities amid the fluctuations. I hope today's sharing is helpful to you.