Trader's Taboo: Trading Without Restraint.

In the past, I often said that if you make an incorrect judgment and miss the best entry point, you should wait for new opportunities and new signals. Because making impulsive trades that are not planned will likely result in losses.

In trading, protecting your principal is the first principle, which is also what I often mention: risk control. First consider the risk, then consider the profit.

How much you earn is determined by the market, while how much you lose is determined by yourself.

Here are a few suggestions for everyone:

1. Do not open a position lightly unless at a critical point, or absolutely do not enter the market. Opportunities are not created by effort; no matter how hard you try, it is useless if there are no ideal entry signals in the market, even if you watch the market all day and frequently open orders. When there are no opportunities, take a break; trading is like breathing, and rhythm is crucial.

2. Strictly control your position size when entering the market, do not open positions based on feelings, and execute according to your plan. Always remember to consider risk before considering profit; it doesn't matter if you can't make money, avoiding losses is the priority. This is to protect your principal.

3. Always use a stop loss after entering the market, and do not easily adjust your plan due to external factors. Remember not to frequently change your mind in a short period, even within a day. When you feel conflicted, it's best to stop trading.

Analyze independently, think independently, formulate a plan, and then execute it. Befriend the market, rather than confront it as an enemy.