Trading is like rock climbing; the focus is not on the speed of ascent, but on the level of stability. Even if you climb quickly, a single misstep can cause all previous efforts to be in vain, resulting in a score of zero.

In trading, the reason why profitable traders can make profits lies in their focus on how to avoid losses. Before pursuing victory, they consider the potential failures they may face; before thinking about how to profit, they correct their bad trading habits.

If you can do the following points, you will have an advantage in this trading game:

Be cautious when opening positions: Think deeply when entering the market, do not act rashly, and conduct thorough market analysis and risk assessment.

Stay calm while holding positions: Maintain a calm mindset during the holding period, do not overanalyze, and trust your judgment and strategy.

Don't rush when missing opportunities: Do not blindly chase trades when you miss a market move, patiently wait for the next suitable opportunity, and do not let emotions from missed opportunities control you.

Do not be arrogant with profits: After making a profit, do not become complacent, stay clear-headed, because one success does not guarantee forever; the market can change at any time.

Do not be impulsive with stop-losses: Execute stop-losses decisively, but do not act blindly; operate based on the established trading plan and stop-loss principles.

Before every trade, you should anticipate the various possible outcomes. If you are unprepared, any sudden situation can easily destroy your psychological defenses.

In the face of gains and losses in trading, maintain an attitude of "accept gains calmly, accept losses lightly, strive for the inevitable, and follow the natural course." Treat profits with calmness, do not let victory cloud your judgment; when facing losses, remain composed and do not let failure defeat you. Strive to obtain the returns you deserve, but do not demand excessively; follow the natural laws of the market, thus you can go further and more steadily on the path of trading.