Entering this circle, the first lesson is to learn to restrain greed.
Too many people rush in with fantasies of getting rich quickly, not realizing that the main players have long changed their strategies.
If you want to survive in this market long-term, the first rule is to protect your capital. Even if you miss ten opportunities, as long as your capital is intact, you will always have chips to turn the game around.
There are dozens of opportunities in the market throughout the year, but most people fall because of one or two impulsive trades. Losing less is gaining; set a monthly profit target of 10%-20% and strictly enforce stop-losses, which are a hundred times more important than fantasizing about doubling your money.
The reason for the extremely low survival rate in financial markets is that 90% of people hold onto losing positions stubbornly, ultimately getting wiped out in one wave. If you lose 10%, you must decisively exit; don’t let lucky thinking ruin you.
Leverage, contracts, and ETFs may seem like tools for quick profit, but they are often the sickle that harvests the unsuspecting.
If you haven't mastered spot trading, don't go to the futures market to be a victim—99% of people there end up with their accounts blown out to zero. Even if you're right ten times, one mistake can wipe everything out. Emotional trading is the biggest enemy; staying calm allows you to survive longer. This market does not reward smart people; it only rewards those 'fools' who can stick to their discipline.
