Enlightenment! A compilation of 20 insights from an A8 trader, every word is precious!
Timely stop loss: decisively exit a wrong order, preserving capital is paramount.
Reject impatience: lack of patience easily violates principles; wait for clear trends before entering.
Contraction after setbacks: reduce trading or pause after significant losses; rebuild confidence first.
Patiently wait for opportunities: observe when market movements are few, decisively exit when the direction is opposite.
Hold onto profitable trades: keep profitable trades while reducing losing ones to avoid giving back all gains.
Avoid frequent trading: carefully select timing, don’t force trades, wait for the best opportunities.
Fully prepare before trading: profits stem from the homework done before entering; don’t slack off after making a profit.
Restrain impulsive trading: operate according to established signals, control each loss within 1%-2%.
Maintain calm in trading: respond calmly to losses, reduce trading volume to adjust mindset.
Review and summarize: analyze each trade regardless of profit or loss, optimize trading logic.
Adhere to principles: strictly execute trading rules even in extreme market conditions.
Follow the trend: wait for the market to clarify before entering; do not predict, just follow the trend.
Flexible strategies: adapt to market changes; do not stubbornly cling to fixed strategies.
Be wary of profit inflation: continued profits require more caution; do not forget risk control.
Self-discipline and capital management: exit if positions are unfavorable; reduce volume when in poor condition.
Maintain respect for the market: trading is risky, always practice strict self-discipline, avoid becoming complacent.
Reject heavy positions: heavy positions lead to failure; control single trade losses within 2%.
Follow market rhythm: sense trends like surfing, don’t get caught up in the reasons for fluctuations.
Trust the trading system: do not operate based on preferences, strictly execute system signals.
Long-term survival first: trading experts are those who 'live longer', not those who seek short-term windfalls.