How did I become a successful trader?

1. Establish a Trading System

First, traders need to build their own trading system through practical experience: develop clear trading principles for themselves, and then develop the habit of strictly following these principles. They only enter trades when the market conditions meet their trading requirements. Professional traders never place random orders based on intuition or prejudge market trends. Their focus is always on whether the market environment is suitable for their trading principles. If they meet these requirements, they place a small order; if not, they wait and see.

2. Cultivate Stop-loss Awareness

The first thing traders should do after placing an order is to set stop-profit and stop-loss ranges for their positions. Traders who make a living don't pin their hopes on a single trade, nor do they take excessive risks on a single trade. In the ever-changing trading market, the most important thing is always the safety of their principal, followed by profit. Typically, successful traders use stop-loss ranges between 1% and 29% of their principal. In the minds of professional traders, the concepts of carrying a position or holding a position don't exist. They always keep themselves at the table, avoiding losses to ensure success. Third, keep a personal trading log. If you engage in micro-trading full-time, you'll likely make hundreds or even thousands of trades a year. To most effectively learn from past trading experiences, you must record all of these trades in Chinese. Keep a personal trading log to record market conditions, entry and exit timings, and the overall trading situation. This way, you can later identify any problems in your trading by reviewing your trading logs and promptly correct them.

Fourth, Build a Strong Trading Mindset. The longer you trade, the more you'll benefit from the second half of your trading career. The key to success lies in your mindset: Only by maintaining a calm mindset, unaffected by gains and losses, and maintaining emotional control in all situations, and consistently adhering to your trading principles day in and day out, can you truly achieve stability and profitability. #交易员 #区块链