Viewpoint 1: If I am wrong, I must quickly extricate myself. As the saying goes, 'If the green mountains remain, one need not fear the lack of firewood.' I must preserve my strength and come back again.
Viewpoint 2: Some traders continuously lose money primarily due to a lack of patience, resulting in neglecting trading principles. They recklessly enter trades before the market trend becomes clear or before they can control the situation.
Viewpoint 3: No matter when you face setbacks, it will be hard to bear. Most traders, after suffering significant losses, hope to recover immediately, thus increasing their trade sizes. However, by doing so, you are doomed to fail.
After suffering a setback, the correct approach is to immediately reduce trade volume or stop trading. What you need is not to make money to cover the losses but to regain your confidence in trading.
Viewpoint 4: If profitable trading opportunities are becoming increasingly rare, you must patiently wait. When the market trend is completely opposite to your predictions, you should choose to exit.
Viewpoint 5: You must hold onto your good cards and reduce your bad cards. If you cannot hold onto good cards, how can you make up for the losses caused by bad cards?
Many profitable traders end up giving back all their earnings because they lack the patience to hold onto profitable trades while being unwilling to stop trading when they are losing.
Viewpoint 6: A common mistake many traders make is trading too frequently; they do not carefully select the right trading opportunities and rush into trades whenever they see market fluctuations. This is undoubtedly forcing themselves to trade instead of patiently waiting for good opportunities.
Viewpoint 7: Experts can profit because they have patiently done a lot of work before entering the market.
Many people start to take trading lightly once they make a profit, leading to more frequent operations. The subsequent losses will overwhelm them, resulting in significant losses, even wiping out their initial capital.
Viewpoint 8: The worst trades stem from impulsiveness. The most destructive mistake in trading is acting too impulsively. Everyone should act based on established trading signals and should never hastily change trading strategies due to a moment of impulse. Therefore, avoiding impulsiveness is the first element of risk control.
Engaging in trading requires learning to control risk. You must prepare for the worst, thus operating in small amounts and keeping each loss between 1% and 2% of your capital.
Viewpoint 9: When trading, you must learn to stay calm. Traders are like boxers; the market can strike hard at any moment. You must remain calm. When you experience losses, it indicates that the situation is unfavorable for you. Don't rush; take your time.
You must minimize losses and maintain your capital as much as possible. When you suffer substantial losses, your emotions will surely be affected. You must reduce your trading volume or stop trading and take some time before considering the next trade.
Viewpoint 10: Whether you suffer a big loss or a big gain, you must keep a calm mind. Analyze each trade every day to see if there are any violations. Reflect on why good trades succeeded and analyze what went wrong in bad trades. If you want to continue doing well, you must pay close attention to every trade.
Viewpoint 11: Most people know trading principles, but true experts steadfastly execute these principles even when extreme market conditions occur.
Viewpoint 12: The high profitability rate of experts is because they often fear the market. Their fear of market trading requires them to carefully select entry times. Most do not wait until the market clarification before entering; they always enter the forest in the dark, while experts wait until daylight. They do not predict the direction of market changes before they happen but let market movements indicate the direction, choosing to attack only when the opportunity is foolproof, otherwise, they will give up.
Viewpoint 13: Trading strategies need to be flexible to adapt to market changes. A common mistake many traders make is sticking to unchanging trading strategies, and they often complain about how the market is completely different from what they expected! Why should it be the same? Isn't life always full of uncertainties?
Viewpoint 14: Do not let the joy of making a profit cloud your judgment. Understand that the hardest thing in the world is how to continue making profits. Once you earn money, you will want to earn more, which may lead you to forget about risks. You will stop questioning the validity of established trading principles, which leads to self-destruction. Therefore, you must remain cautious at all times; be very careful when losing money and even more careful when making money.
Viewpoint 15: During trading, learn self-discipline and capital management. Try to relax while operating; if the position is unfavorable, exit; if favorable, hold. You should think about how to reduce losses rather than how to make more money. When trading conditions are poor, reduce your trading volume or stop trading. When trading conditions improve, increase your trading volume, but never enter a trade recklessly when you cannot control the situation.
Viewpoint 16: When trading, you must learn to remain alert because success in this field can come and go quickly. Setbacks often occur when you are feeling too self-satisfied. The speed at which things can be destroyed far exceeds the time it took to build them. Some things can take ten years to build but can be destroyed in a day. Therefore, one should always practice strict self-discipline.
Viewpoint 17: The vast majority of people have a strong desire for profit while trading, preferring to take large positions in and out. Therefore, you must change this aspect of yourself. Throughout history, there has not been a single person who has successfully operated with large positions without ultimately failing. You must keep each of your losses within 2%.
Viewpoint 18: Trading based on charts is like surfing; you don't need to know the reasons behind the waves' ups and downs, you just need to feel the rhythm of the waves and master the timing of surfing to become a surfing expert.
Viewpoint 19: Some people change their trading systems when they lose money, while others do not believe in trading systems at all and doubt the signals given by the systems, often trading based on personal preferences. True experts always follow the trading system, not for thrills, but to seek victory.
Viewpoint 20: True trading experts do not compare the amount of instant profits but rather the longevity of their earnings and survival in the market!
Let's encourage each other!
