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1. “The trend is your best friend.” This quote expresses the importance of following the trend. Traders usually tend to go with the market trend rather than against it.
2. "Never let your losses expand." This sentence reminds traders not to stick to wrong decisions and to stop losses in time to avoid further losses.
3. "Greed and fear are the two biggest enemies." Greed and fear often lead to unwise decisions. Traders need to stay calm and rational and avoid being swayed by emotions.
4. "Plan your trade and trade your plan." This quote emphasizes the importance of having a trading plan and sticking to it in actual trading.
5. "Control the risk and the profit will follow." Risk control is the key to a trader's success. When you focus on controlling the risk, the profit will follow.
6. “The market is always right.” This quote reminds traders not to try to fight the market trend or hold on to wrong views. Accept the reality of the market and adjust strategies accordingly.
7. “Opportunities are found in crises.” Market volatility and risk often bring opportunities. Traders need to remain flexible and sharp to find profit opportunities in crises.
8. "Markets are unpredictable, so be flexible and adapt." Market conditions are unpredictable, and traders need to adjust their strategies according to market conditions and respond flexibly.
9. “Learning is the key to continuous improvement.” Continuous learning and improvement are key elements to becoming a successful trader. By continuously learning about market dynamics, technical analysis, and risk management strategies, traders continuously improve their skills and knowledge.
10. “Patience is the companion of trading success.” Patience is an essential quality in trading. Traders need to wait for the right time and have the patience to wait for the execution of their trading plans. Impatience often leads to unwise decisions.
11. “Emotions should not influence your trading.” Emotional management is crucial for traders. They need to stay calm, rational, and avoid being affected by emotions. Emotional stability helps to make accurate decisions.
12. “Don’t put all your eggs in one basket.” Diversification and risk management are important strategies to reduce risk. Spreading your investments across different markets or asset classes can reduce the risk of a single trade.
13. "Balance between flexibility and adherence to principles." The balance between flexibility and adherence to principles is a skill that traders need to master. They should be flexible in responding to market changes, but at the same time they should stick to their trading principles.
14. "Keep records and learn from experience." Recording every transaction and summarizing lessons learned is an important way to improve trading skills. By reviewing and analyzing trading records, traders can identify their weaknesses and make improvements.
15. "Do what you say." Execution is the key to a trader's success. Not only do you need to have an excellent trading strategy, but you also need to put it into action in actual transactions and resolutely execute the plan.
