First, get good sleep. Rest well.

Second, do not rush; take it slow.

Not every day in the market has a trend; do not guess right or wrong when there is no trend, and wait for the trend to appear before participating. Major trends often take months to develop, so participate later to avoid unnecessary risks.

Thirdly, do not blindly believe in so-called probability times profit-loss ratios. This is meant for you to review. It is not to bet on direction; if you have no opinion, you cannot hold your trades.

Fourth, just learn one turtle strategy; don't waste time on other random things. When you see a trend supported by fundamentals, open a position and hold.

Fifth, unless your passive income can cover living costs. For example, if you have 5 million and passive income of 200,000 a year. Otherwise, do not easily resign to do full-time trading. Trading is something that requires only 10 minutes of market observation each day; it is not worth wasting too much energy on, it has no meaning or value.

First, do not go against the market. A typical example is to stubbornly hold on to losses against the trend; try to follow the market instead.


In the past, I always wanted to be smarter than the market. I tried to time the top and bottom, only to repeatedly slap myself in the face. Later, I understood that the market is always right. I am just an ordinary person, not that divine, to bet correctly on the start and end every time. If it is strong, go with it; if it is weak, let it be. Don't debate, just follow... This change has made me less foolish.

Second, trading is about probability. Do not determine win or loss based on one or a few trades.


In the past, I pursued certainty too much, only to realize that any trade is merely betting on a possibility. There's no 100%, only 'likely to win.' In the entire trading cycle, the profit and loss of one or a few trades are not that important. The key is the long-term total. You need to make money. A single loss is a cost, just like rent, which must be paid. Understanding this, your mindset will gradually stabilize; losses should be accepted, and exit when needed. Breakups in youth weren't as decisive as exiting now.

Thirdly, the trading system should be simple, the logic should be coherent, and it must be closed-loop.
A system or strategy generally consists of four components:


1. Set the direction:


In the big cycle, look at bullish and bearish trends, and once determined, only operate on one side.


2. Find the right points:


Wait for signals in the small cycle, enter when it's time, and wait when it's not.


3. Set stop-loss and take-profit:


Calculate in advance how much you will lose or earn; it should be clear.


4. Manage your positions:


Set a limit on each trade's loss not to exceed a certain percentage. As long as you're alive, there's a chance for a breakthrough; first, ensure you don't die.

Having traded stocks for twenty years, experiencing a 70% loss in the first three years, I finally achieved stable profits for 17 years. If you do not plan to leave the stock market in the next three years and aspire to treat stock trading as a second career, you must read these 30 rules. They are all practical tips for making a living from trading; I suggest saving them!

1. If you have less than 1 million in capital, it is not difficult to catch each bull market wave every year to double your money.

2. Persist in looking at the K-line chart every day; it will surely align your thinking with the main force.

3. If you do not sell on the day of significant good news, selling on a high opening the next day could yield greater rewards, but there are risks, so think carefully.

4. Persisting in doing one stock well every year will yield considerable returns.

5. About a week before major holidays, you should adjust your holdings or even liquidate your stocks, drink tea and watch the drama.

6. If the daily line chart shows a large bearish candle breaking below the support level, whether it rebounds or not the next day, or even if it closes as a doji, you should still clear your positions.

7. Never be too greedy; there is no end to the money in the stock market.

8. Stocks with increased volume at the bottom must be taken seriously.

9. The strategy for medium-term trading is to keep some funds on hand, sell part at highs, and buy part at lows. Rolling operations are the best strategy.

10. Reading charts is not about skill; if you can read at least 10 aspects of the connotation from a chart, that is true skill. When you reach this level of skill, it will be hard to lose money.

11. Do not sell high without a breakout, and do not buy when it drops.

12. The key to short-term trading is mainly looking at trading volume, turnover rate, and upward speed.

13. Entering stocks that are currently forming a bottom is the most stable.

14. A slowing decline will lead to a slow rebound; a speeding decline will lead to a fast rebound.

15. Overlay the K-line charts of the index and individual stocks or make a detailed comparison to see if there is a main force behind the stock.

16. Buying stocks that are rapidly rising is the most correct approach.

17. When you see a long-term horizontal trend breaking upward with increased volume at the bottom, your financial luck is coming, even if the gap is only one cent wide.

18. The ability to admit mistakes and control losses in a timely manner is your foundation for survival in the market; its importance far exceeds the inability to profit today.

19. No matter what method you use, mastering one is enough. You must use this method skillfully, thoroughly, and precisely.

20. In the intraday chart, if the distance between the white and yellow lines suddenly rises vertically a lot, it's the best opportunity for short-term selling, because you will definitely have a chance to buy back. This method has a success rate of over 95%.

21. In short-term trading, you must look at the 15-minute K-line chart. You can find the day's entry and exit points based on the KDJ indicator, and you can clearly judge the main force's intentions based on the OBV indicator.

22. The fundamental difference between washing out and selling is whether there is a decrease or increase in volume.

23. If a strong stock experiences a risk warning announcement, it can be interpreted as 'just a consolidation with reduced volume, at least a new high is still expected.'

24. Short-term trading can be done before ST stocks are delisted; you must firmly believe that the ugly duckling has turned into a swan, and it should flap its wings a few times.

25. On the first day of a new stock's listing, if the opening price is not high and the turnover rate is not low, there is often an opportunity for medium-term arbitrage.

26. If you want to do long-term trading, just set the moving averages to 60, 120, and 250. Stocks that show a bullish arrangement with these three lines are very stable long-term stocks, especially if there is performance support.

27. If you have enough skills and courage, you can fully chase the first limit-up of leading stocks when the market is surging, and you might have a 50% profit opportunity in the wave.

28. True experts do not wait until stocks have clearly entered a downtrend before selling; they do it earlier.

29. In stock trading, avoiding and preventing risks is the most important, and it is also how to achieve safe profits.

30. If you can keep your mind calm and not be surprised by the ups and downs, you will quickly find that stock trading is actually quite easy.

I am Xiao Yue, a professional analyst and teacher, a mentor and friend on your investment journey! As an analyst, the most basic thing is to help everyone make money. I will help you solve confusion and trapped orders, speak with strength. When you are lost and don’t know what to do, pay attention to Xiao Yue. I will guide you.