Self-Trade Principles:
Trading Principle One: Do not place trades after a stop loss; don't be afraid of missing out. A stop loss is meant to help you control risk; a temporary stop loss indicates that your thinking has gone wrong. Re-entering the market will only confuse your thoughts further. If you harbor a sense of luck after a stop loss, you may not realize that the market has already broken through or entered a new trend, so don’t rush to re-enter after a stop loss.
Trading Principle Two: Blindly expanding after reaching your expectations, having great confidence in trends and movements, always thinking about capturing both long and short trades in intraday trading. What you don’t realize is that you have developed a habit of frequent trading during this process and have not made rational judgments about the trends.
Trading Principle Three: Not planning thoughts for intraday trading, drifting daily in choosing directions. A slight increase means a bullish market, and a slight decrease means a bearish market. Following the market direction is a clear sign of retail trader mentality. Both rises and falls exist, but thoughts remain unchanged!
Trading Principle Four: Frequently entering positions without stop losses, leading to situations of holding on or locking positions. This trading style is a typical retail trader mindset. In leveraged trading, a stop loss is your only way to correct your style and direction. Making mistakes is normal, but failing to clearly recognize your mistakes is the biggest mistake.
