To avoid risks and clarify the rules of trading, it is appropriate to give up more. This market is not lacking in money. Under the premise of controllable risks, using quantitative trading, even if your returns are low, the power of time will still allow you to achieve considerable returns; this is the power of compound interest. Conversely, even if you make a lot of short-term profits, if risk control is not in place, it is just a castle in the air. Without reliable execution, operations will become distorted; if you cannot control yourself, it is even more impossible to talk about summarizing and exploring the rules of trading. What if you correctly buy the bottom and sell the top once? Correctly buying the bottom and selling the top once can only accelerate your demise.
Through the ups and downs over the years:
Heavy positions lead to death
No stop-loss leads to death
Greed leads to death
Blind entry leads to death
Frequent operations lead to death
Left-side trading leads to death
These are all lessons learned through personal experience, but unfortunately, I do not learn from my mistakes, and each time I face liquidation due to one of these points.
Anger, madness, pain, despair, sorrow, joy, happiness, desire; you need to suppress all your emotions to become a successful contract investor. Therefore, the more profits you make, the older you feel inside. This is a conclusion.