Trading is the stage from complex to simple
Level 1: Winning rate
The essence of pursuing winning rate is to pursue deterministic profits until you understand that the market is uncertain and it is impossible for people to beat the market forever!
Level 2: Odds
Since pursuing winning rate is a dead end, then pursue odds. The essence of pursuing odds is to pursue uncertain profits (black swan, fat tail)! Black swans do not always exist. Your confidence always collapses before profits arrive, leading to out-of-control risks and random operations!
The third level: bankruptcy rate
Always have ammunition left, don’t go all-out, and kill the enemy while you have the chance to stay alive! Strict risk control measures.
Conclusion: The bankruptcy rate is greater than the odds than the winning rate!
The combination of the last three can be simply understood as, you should pursue profit maximization while ensuring the safety of funds, and pay as little trial and error costs as possible!
If you still can't understand. Then Jun Yao just kept it simple!
Rule 1: Keep your principal.
Article 2: Hold the profit order.
Article 3: Pursue the winning rate as much as possible.
1 is greater than 2 is greater than 3.
As for the specific methods, they are all over the streets, so Jun Yao won’t show off!
Those who can keep their principal are considered entry-level.
Those who can make profits while preserving their principal are considered experts.
The one who can keep his principal and make profits every time is considered a master!