Many people want to get returns from their investments, so how to make good investments and what are reasonable and safe behaviors? This is the part that needs to be focused on in investment! Here, we will popularize the "Gann Twenty-Four Rules", which are the issues that traders need to pay attention to in their daily lives!
Gann's Twenty-Four Principles (1)
Amount of funds used: Divide your funds into 10 parts, and the risk you take on each transaction should not exceed 1/10 of the principal.
Gann's Twenty-Four Laws (2)
Place a stop loss order: Set a stop loss when you open an order to protect your transaction.
Gann's Twenty-Four Laws (3)
Don't overtrade. This goes against your money management principles.
Gann's twenty-four rules (4)
Don't let floating profits turn into losses. Once there is a floating profit of more than 3 points, set a protective stop loss near the opening price and never lose the principal.
Gann's twenty-four rules (5)
Don't fight the trend. If you are not sure which way the trend is, don't trade.
Gann's Twenty-Four Laws (6)
If in doubt, leave and wait.
Gann's Twenty-Four Laws (7)
Only trade active stocks and stay away from stocks with poor liquidity.
Gann's Twenty-Four Laws (8)
Diversify your risk. Trade multiple stocks instead of putting all your eggs in one basket.
Gann's Twenty-Four Laws (9)
Don’t just use limit orders, sometimes you need to be flexible and enter the market at market price.
Gann's Twenty-Four Laws (10)
Do not place orders randomly without good reasons. You can use a moving take-profit to protect profits.
Gann's Twenty-Four Laws (11)
Accumulate a surplus. If the transaction goes well, part of the profit can be transferred to a backup account for emergencies.
Gann's Twenty-Four Laws (12)
Don't buy stocks because of dividends (airdrops/staking).
I will update half of it today, and continue tomorrow! 🤑
