10 major trading rules: read them once a day, it will definitely help you!

Use protective stop loss

Advantages: Stop loss can avoid big losses and protect the principal.

Disadvantages: It may lead to premature exit and miss subsequent profits.

Self-discipline

Advantages: Strictly follow the plan to trade and increase the success rate.

Disadvantages: It may be too mechanical and lack flexibility to respond to market changes.

Do not trade frequently

Advantages: Reduce transaction costs and avoid impulsive trading.

Disadvantages: You may miss potential profit opportunities.

Avoid major events

Advantages: Avoid huge losses caused by emergencies.

Disadvantages: You may miss opportunities brought by market fluctuations.

Do not gamble

Advantages: Reduce trading risks and protect capital.

Disadvantages: It may limit high-risk and high-return opportunities.

Set the maximum loss limit for the day

Advantages: Control losses and avoid emotional trading.

Disadvantages: It may lead to early stop trading and miss profit opportunities.

Trade reasonable positions

Advantages: Control risks and trade steadily.

Disadvantages: Initial returns are low and require patience.

Do not increase positions during losses

Advantages: Avoid expanding losses and protect the principal.

Disadvantages: You may miss the opportunity to rebound from the bottom.

Learn how to reduce losses

Advantages: Reduce risks and increase the probability of profit.

Disadvantages: You need to constantly learn and adjust your strategy.

Plan your transactions

Advantages: Planned transactions increase the success rate.

Disadvantages: You may lack flexibility and be unable to cope with market changes.

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