Five Major Principles of Trading:

First, to succeed in trading, the first thing we must do is control account drawdown risk, manage funds properly, and prevent catastrophic losses from blowing up the account and consecutive stop losses. Therefore, risk control is paramount

and is a life-saving charm. During the trading process, small mistakes can be made, but big mistakes must be avoided, and one must not get overly excited. Once you get overly excited, it may lead to irreversible consequences.

Second, if you want to simplify trading, then follow the trend; do not attempt to predict the market or guess. When you find an opportunity to trade, enter decisively.

Third, wait for opportunities. True experts are good at waiting for opportunities, waiting for your own certain market conditions. Do not engage in unclear or incomprehensible market situations. Always adhere to the principle of missing out rather than making a mistake. Like a sniper, wait for your prey, aim carefully, and take the shot. Do not waste bullets with a machine gun while missing the target.

Fourth, to achieve stable profits, first, you need a complete trading system. However, a trading system is merely a set of rules; the most important aspect is execution. Therefore, the fourth principle is extremely important: strictly adhere to the trading discipline you have established, achieving unity of knowledge and action, to truly make money in this market.

Fifth, emotional management. No matter how excellent you are in trading or how much money you can make, you will always encounter various issues, bumps, and emotional disturbances, as well as losing trades. At this time, it is particularly important to stabilize your emotions. Do not get overly excited due to market fluctuations, do not complain about the market, and do not only focus on the positives while ignoring the negatives. It is essential to view the market and your shortcomings fairly and justly. A stable trader must always engage in mental preparation; you are your own support, while others will only affect the speed at which you can react.