In the world of trading, there are many key concepts worth deep thought and remembrance:
Technical methods are not万能: There is no one-size-fits-all technical method, meaning there is no so-called "holy grail" that can solve all problems. The trading market is complex and ever-changing; every technique has its limitations, and one should not blindly rely on a single technique.
Setting stop-losses is a wise move: Setting stop-losses is always the correct action, regardless of the circumstances. Stop-losses effectively control risk and prevent unbearable losses due to unexpected market fluctuations.
Earning money easily is the right path: The trades that truly make money are often easy. If the trading process feels extraordinarily difficult, it is likely that there is an issue with the trading method, with a high probability of losing money as a result.
Life and trading are interconnected: Only by managing life well can one better engage in trading. Stability and balance in life provide a good mindset and ample energy for trading.
Trends assist in making big money: It is essential to believe that making big money relies on seizing trends. Going with the flow and following the market's overall direction is the way to achieve substantial returns.
Technical analysis leads, reducing interference: To excel in trading, one should not overly rely on fundamentals and news. Technical analysis can intuitively reflect market supply and demand as well as price trends, usually being sufficient for trading decisions.
Be a person first, then a trader: The importance of being a good person far exceeds trading itself. Having good character and qualities is the foundation for successful trading; cultivate oneself before diving into trading.
Position management is of utmost importance: The importance of position management surpasses everything. Properly controlling positions can effectively reduce risk, ensure capital safety, and lay the foundation for long-term profits.
Dare to face failure for greater success: In the trading market, those who can calmly face failure and dare to bear losses are often more likely to make money. They can learn from failures and continuously adjust their strategies.
Restrain desires to avoid losses: The desire for sudden wealth is often the root cause of losses. Overly pursuing rapid wealth growth can lead to irrationality and poor decision-making.
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