In the world of trading, it is crucial to master the right rules. Today I will share with you these 10 trading rules. Remember to forward and collect them!
Rule 1: Use a protective stop loss. In the early stages of trading, setting a stop loss is of utmost importance. Every trade should have a stop loss, which can help us avoid major losses. As long as it is set effectively, it can protect your trade.
Rule 2: Self-discipline. Professional traders trade according to plans, operate according to trading systems, and have strict trading logic. Only with self-discipline can you go further on the road of trading.
Rule 3: Don’t trade intensively. This is a common mistake made by novices. Frequent trading often makes them think they can predict the future, but this is not advisable. It is important to clearly define intensive trading to avoid falling into this trap.
Rule 4: Avoid major events. When emergencies or major events occur, do not trade to avoid unbearable fluctuations or even the collapse of the trading platform.
Rule 5: Don’t gamble. The boundary between trading and gambling is clear, and heavy trading is gambling. Stay away from gambling and trade steadily.
Rule 6: Set a maximum limit for the day. Clearly define the maximum limit for a single trading day. For example, for a 10,000 account, set a maximum loss of 500, and stop trading immediately when this limit is reached.
Rule 7: Trade with a reasonable position. Reduce the number of trades in the initial stage, and then slowly increase the position after a week of continuous profit. High returns are accompanied by high risks, so operate with caution.
Rule 8: Don’t add to your position when you are losing. The example of going from 10 yuan to 5 yuan tells us that adding to your position when you are losing is not advisable and may put you in a bigger predicament.
Rule 9: Learn how to reduce losses. Trading in volatile markets, paying too much attention to a certain product, taking too large a position, having no trading plan, over-trading, not setting a stop loss, etc. will increase risk and should be avoided.
Rule 10: Plan your trades, trade your plans. Have a strict plan for each trade, only trade in markets you understand, and stop immediately if you find something unreasonable. Let the plan guide your trading.#交易法则 #投资技巧