If you want to profit from short-term trading, the following five iron rules must be remembered!

First, short-term trading requires speed, accuracy, and decisiveness. The entry point must be very precise. Once you miss the ideal entry price, you must decisively give up; it is better to miss out than to make a mistake.

Second, retreat before entering. Before opening a position, you must know where to set your stop-loss if you make a mistake. Remember, you can hesitate on taking profits, but stop-loss must be firm.

Third, if you are in profit, first close part of your position at important levels. Ensure that this trade will not lose money!

Fourth, control trading frequency. If you have consecutive stop-losses more than twice in one day, you should stop short-term trading in principle unless there is a trading opportunity with a very high win rate, in which case, consider the third operation.

Fifth, there are many investment methods, and trading rules vary. What works for others may not suit you. The best method is the one that suits you!