Fund Management, Four Principles:
1. Always set a stop loss after opening a position. It is essential to develop the habit of setting a stop loss whenever you open a position. Do not think that you are hedging or have any lucky thoughts. If you can still be trapped or face liquidation, it is only a matter of time before it happens.
2. The stop loss amount for each trial position opened must not exceed 2% of the total amount (determined by your own risk tolerance; I suggest starting at 1%. Once you can achieve stable profits, you can adjust it based on your own risk).
3. Strictly adhere to stop losses; if total capital losses reach 30%, close and exit unconditionally.
4. If you forget to set a stop loss and realize it afterward, immediately close the position. Never expect a rebound to close the position or think about adding to the position to average down the losses. Almost all big players fail in this aspect. You may endure it 10 times, but if you cannot endure just once, all previous 9 times will be nullified.
5. For initial learning, it is not recommended to add to positions; just open fixed positions each time.
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