Develop good trading habits. Some good trading habits must be cultivated through many transactions. Cultivating good trading habits and correcting harmful habits, such as increasing positions on losing trades, holding onto losses, and entering trades before meeting entry conditions, are all poor trading habits.
As trading time increases, gradually correct bad trading habits, and good trading habits will form.
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Do not trade with emotions. Sometimes impulsive trading and reckless trading can lead to devastating blows for investors. Investors should tread carefully in their daily trading, be rational, and never trade with emotions. Remember that contracts have leverage, which does not allow for any impulsiveness; one should maintain calm and strictly follow their trading system, controlling losses and winning profits.
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Accepting stop losses is a cost that must be paid in trading. The three major costs of trading are slippage, transaction fees, and stop losses. Reasonable stop losses are a guarantee of profit and a normal phenomenon in trading. There is no right or wrong in stop losses, only the magnitude of the loss.
