Essential for Traders: Fifteen Golden Trading Rules
Fifteen Rules Every Trader Must Know:
1. Protect your capital at all costs; learning to survive in the financial capital market is the first rule for investors.
2. As long as you are not greedy, making money is actually very simple. To achieve stable profits, you must control your positions reasonably, manage your capital allocation well, and strictly follow your trading plan.
3. When choosing trading varieties, do not choose overly counterfeit coins; never go all in, and follow the trend.
4. Do not trade with heavy positions; do not hold onto losing trades, and avoid frequent trading.
5. When buying chips, do not be impatient; after making a profit, be sure to take partial profits at the right price. When it comes to cutting losses, do not hesitate, and absolutely avoid any complacency.
6. Money can never be fully earned, but it can definitely be completely lost.
7. When our trading strategy hits a stop-loss, we must exit at that point; reasonable stop-loss is always correct.
8. Whether you are day trading or swing trading, you must learn to take profits and secure them.
9. In the financial capital market, everyone must establish a reasonable risk control system and manage capital allocation well.
10. When there is no market movement, do not trade lightly. Missing trading opportunities is normal; we only need to seize a portion of the opportunities.
11. We must remain patient, wait for good trading opportunities, and act when the time is right.
12. If you are engaging in intraday short trading, you must set corresponding profit targets; after reaching the target, be sure to rest when necessary.
13. We must learn to cut losses; a real trader is always very disciplined.
14. After executing our trading strategy, we must maintain patience and avoid frequent trading operations.
15. Maintain a good mindset, control your desires, and strictly follow your trading strategy to achieve true integration of knowledge and action.
