The core of trading can be summarized in eight phrases:

Cut losses, let profits run.

Admit mistakes and take the loss immediately.

Don't hesitate to stop loss.

Even if the price turns around, never cling to it.

Wait for new opportunities to enter the market.

If it's right, hold on firmly.

Don't rush to take profits.

Floating profits and pullbacks are the costs of eating fish belly.

Trade in the direction of the moving average.

Do not short on the way up.

Do not go long on the way down.

Enter positions that have small stop losses but large potential for breakout.

For example, places where the trend has just started to rise.

Making big money relies on increasing positions after floating profits.

Add to positions when there’s a rise, a pullback, and then a breakout.

Set a good base position to protect capital.

Strict stop losses for new positions.

Manual profit-taking is a skill that cuts off wealth.

Either wait for a trend reversal to exit all at once,

Or withdraw in batches.

Don't always aim to sell at the highest point.

Small losses are like drinking water.

Big profits depend on market conditions.

As long as the risk-reward ratio is maximized,

And discipline is maintained,

Money will come looking for you.