Trading Principle 1: Do not trade immediately 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 reasoning has gone awry; re-entering the market will only confuse your thinking further. If you hold onto a sense of luck after a stop-loss, you may not realize that the market has already broken out or entered a new trend, so do not rush to re-enter after a stop-loss.
Trading Principle 2: After reaching your expectations, blindly expand your trades, believing in the trend and market direction. You may think you can capture all movements in intraday trading, but what you don’t realize is that you have developed a habit of frequent trading without making rational judgments about the trend.
Trading Principle 3: Not planning an intraday strategy, simply going with the flow each day, seeing a slight rise as a bull market and a slight drop as a bear market, and following the market direction, reflects a clear retail trader mentality. Both rises and falls occur, but the thinking remains unchanged!
Trading Principle 4: Frequently engaging in holding onto losing trades or locking positions without stop-losses is a typical retail mindset. In a leveraged market, a stop-loss is your only way to correct your trading style and direction. Making mistakes is normal, but failing to recognize your errors is the biggest mistake.
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I have traversed the market for many years, deeply aware of its opportunities and traps. If your thinking is not clear, you will struggle to grasp the market.
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