Loss of 1 million yuan bought three trading rules, must be achieved unity of knowledge and action

Keep the principal: The principal is the lifeline of trading. Without the principal, you cannot participate in the market, let alone seize the opportunity. Therefore, the first task is to protect the principal and ensure that you always have capital to continue trading

Risk control: Risk management is more important than any trading skills. Effective fund management and risk control can make you invincible in the market. For example, each transaction does not exceed 10% of the principal, and a maximum of 3 transactions a day, so that even if there is a continuous loss, the maximum loss is only 30%. Control the risk well, and the mentality will be more stable

Strict stop loss: never carry orders, never trade frequently, strictly implement trading plans, and control yourself. It is best to record each transaction in the trading notes, and insist on daily review and summary, find reasons from failures, and continuously optimize your trading strategies

Trading is a life practice, constantly honing your character weaknesses, respecting market laws, respecting the market, following the trend, and only doing transactions within your own cognitive range

Forwarded from

@BTByteTeam