Sharing some classic quotes from professional traders with everyone:
Do not try to predict the market's top and bottom; trading can last long only if you follow the trend.
However, most traders understand this principle, yet very few can actually implement it.
The so-called easy to know but hard to do; the hardest thing in this world is not the grand principles but steadfast execution.
Actually, the most important thing goes back to Buffett's old saying:
The most important thing in investing is to preserve the principal, preserve the principal, and preserve the principal.
1, during the trading process, most market conditions are basically not worth participating in; when you feel lost in bullish and bearish trends, the best strategy is to do nothing.
Sitting on the mountain and watching the tiger fight, quietly observing the fierce battle between bulls and bears, is the higher realm of trading.
2, everyone arrives at the trading market for different reasons:
Some come for the thrill, as frequent trading itself brings pleasure;
Some come to stroll, they walk around and take a look, just for entertainment;
Very few come to make money; they constantly control their impulse to trade.
3, trading is not about who earns more, but about who survives the longest.
In the trader rankings, there are many stars but few veterans.
When the direction is unclear, not holding a position is the best strategy.
4, the market conditions that we professional traders really need to feast on are during the body phase of the fish, after removing the head and the tail.
5, the market is never short of opportunities; what is always lacking is the patience of investors.
Look more and move less, only then can you have profits! Because 90% of the profits exist within 10% of the operations.
6, only continuous profits give us the courage to increase our positions.
7, what position size is appropriate? The position size that allows you to sleep soundly is a good position.
8, the disadvantages of high leverage are also obvious: the higher the leverage, the more the IQ of speculators declines, and the faster they perish.
The leverage system in trading superficially amplifies your capital, but at a deeper level, it amplifies your greed and fear.
Once your leverage is too high, your greed and fear will lose control, and you will unconsciously become part of that 99.99% of normal people.
9, in trading, most situations are like this: positions that show a floating loss from the beginning often find it hard to make a profit in the end; a good start is half the success.
10, in the trading market, any so-called wash trading, forcing longs or forcing shorts, are mostly just beautiful illusions of retail investors.