Read these 10 trading rules once a day, forward and save them
1. Use protective stop loss
The most important part of trading is stop loss: Every transaction must have a stop loss: Stop loss can help us avoid big losses; As long as we can effectively avoid big losses, big profits will always come.
2. Self-discipline
Professional traders need to trade according to plans; Trade according to existing trading systems; Have strict trading logic.
3. Don't trade frequently
Trading frequently is a common misunderstanding for novices. Traders always feel that they can predict the future, so they always trade frequently. So how do you define frequent trading?
4. Avoid major events
When emergencies or major events occur, do not trade. At this time, the trading loss may be far beyond our tolerance, and the trading platform may crash;
5. Do not gamble
Trading and gambling are very similar. Understand the difference between trading and gambling. Heavy trading is gambling
6. Set the maximum loss limit for the day
The maximum loss limit for the day refers to the amount of loss on the morning of the trading day. If it exceeds this limit, the trading of the day will be stopped. For example, the maximum loss limit for a 10,000 USD account is set to 5 00 USD, then stop trading immediately when the loss reaches 500 USD on the same day
7. Trade with reasonable positions
In the initial stage, the number of transactions should be as small as possible. After continuous profit for more than one week, slowly increase the position. High returns are always accompanied by high risks
8. Do not increase positions during losses
10 yuan feels that the price is very low, and resolutely buys 9 yuan. My friend said that the price will go back, so I will buy more. There is an insider saying that the dealer is absorbing funds at this point at 8 yuan. If I buy 7 yuan again, if it can return to 10 yuan, I will definitely sell it. There are only 5 yuan left, and I have cut my position in half! What should I do? !
9. Learn how to reduce losses
The following behaviors will increase your trading risks:
Trading in a market with huge fluctuations
Trading when impulsive
Paying too much attention to a certain product
Positions are too large
No plan before trading
Overtrading without stop loss
10. Plan your transactions and trade your plan
Every transaction must have a strict trading plan and trade strictly according to the trading plan. Only trade in the market you understand and stop unreasonable transactions and trading habits immediately. Plan your transactions and trade your plan!
