One of the most important aspects of investing is the adjustment of mindset; a good mindset is the key to success. Most investors lose their composure when facing losses, feeling at a loss and blindly seeking advice from teachers. Successful investors maintain a calm mindset at all times, so Lao Duan believes that investment mindset is very important, especially during losses!

Technology is only a part of investing; coordination is crucial. The reason for significant losses is poor coordination. After a loss, if the teacher provides a trade and it is not executed, this means: trades were executed during losses, but not during gains, which indicates poor coordination.

When trading, remember the three essentials:

1. Trend is king; go with the trend, going against it leads to demise.

2. Enter positions lightly and gradually increase the position size to avoid losses from sudden market changes.

3. Every trade must have strict stop-losses; do not arbitrarily widen stop-losses or neglect to set them.