1. What is important is not whether your judgment on the market is correct, but how much you earn when your judgment is correct and how much you lose when your judgment is wrong.
You are not a god, and you cannot make every trade right. What you need to do is to maximize your profits when you are right, and limit your losses when you are wrong, that is, to cut losses and let profits run.
2. People make mistakes not because they don’t understand, but because they think they understand everything.
Maintaining an empty cup mentality can allow us to abandon prejudice and stubbornness and remain humble. Only by constantly clearing our complacency and pride can we accept other people's different views and suggestions with an open mind, taking the essence and removing the dross, thereby constantly achieving self-breakthroughs and going higher and further.
3. Being a truly excellent trader does not depend on whether you are always a winner in the market, but on whether you have the courage to stand up from every failure and become stronger.
How can we do this? That is to survive before the rise, do a good job of risk control and CW (position) management, and don't hold a large position easily.
4. Don’t overfit. Any set of trading methods is imperfect and the ability to make profits has limits.
When the profit margin you pursue exceeds the average profit margin of market profit earners of the same level, and what you seek is unrealistic, you will easily distort your actions, and it will become increasingly difficult to do your work, with the result being counterproductive.
If you could use just one sentence to explain how to do a good deal, what would that sentence be?
That is to thoroughly and consistently execute a trading system with a positive expected value.
So the question is, how can we find a trading system that can stand the test of time?
Two options
1: Study on your own and prepare to accumulate experience for more than 5 years.
2. Stand on the shoulders of others
Yiming has always adhered to his own independent trading system for many years, and has always been cautious in front of the market. He also believes that these trading systems can help some people who are in need and recognize them. Those who are interested can contact Yiming.
