For newcomers who want to enhance their knowledge in trading, the following suggestions can be followed:
1. Survival first, capital is paramount: Only by preserving your capital can you survive in the market for the long term; staying alive gives you a chance.
2. Be indifferent to fame and fortune, profit easily: Don’t be greedy; making money isn’t that hard. Keep a relaxed mindset, and profits will naturally come.
3. Focus on a few, go with the trend: Concentrate your efforts on a few varieties; don’t over-leverage, follow the market trend.
4. Steady operations, don’t bear risks: Avoid heavy positions, don’t stubbornly hold on, reduce frequent operations; controlling risk is key.
5. Think thrice before buying, be decisive when selling: Consider carefully when buying; don’t hesitate when selling. Being decisive in exiting helps lock in profits.
6. Wealth is limitless, prevent losses: Money can be earned endlessly, but losing once may lead to total loss; preventing losses is more important than making profits.
7. Stop loss first, exit decisively: When hitting the stop loss point, exit immediately; stopping loss is always the right thing to do, don’t have lingering hopes.
8. Secure profits, win steadily: Whether in short-term or long-term trading, securing profits is the safest strategy.
9. The market has cycles, extremes will reverse: The market always has reversals; understanding cycles allows you to stand on the winning side.
10. Patience is key, seize opportunities: Don’t rush to trade when there’s no market; missing opportunities is normal; just seize what you can.
11. Plan ahead, discipline is essential: Have a plan before trading and strictly adhere to discipline; don’t change strategies arbitrarily.
12. Continuous learning, ongoing improvement: The market is changing, and you must change with it; continuous learning helps you keep pace.
13. Manage emotions, respond calmly: Don’t let emotions control your trading; stay calm and rational operations will lead to winning.
14. Diversify investments, reduce risk: Investment should be diversified; don’t put all your eggs in one basket; spreading risk allows for peace of mind.
15. Clear goals, stick to principles: Set clear trading goals and adhere to your trading principles; don’t waver easily.