1. Keep a light position most of the time. This is the first principle. Only in the market with high certainty and immediate floating profit can we hold a relatively heavy position.
2. Never trade on the left side, otherwise you may get into trouble. It is customary to try to open a position on the right side first, and then increase the position with floating profit.
3. Absolutely prohibit adding positions due to floating losses
4. Make sure the mathematical expectation of each of your transactions is positive
5. Choose the strongest varieties to go long, and the weakest varieties to go short. The strength here does not only look at the strength of the current trend, but also the strength of the overall pattern.
6. Be patient with floating profit positions. Even if you reach the target position, you can close half of it and keep the other half to see the effect. Don't be nostalgic for floating loss positions, especially if you judge that the confidence is less than 50%, you should cut it decisively.
7. The position should be adjusted dynamically according to the degree of understanding of the market. Don't place a heavy bet one moment and cut it clean the next, which will lead to emotional trading.
8. Your trading system should be complete and simple. If there are too many interference factors, it will only make you at a loss.
9. Make not losing money your goal every day, and do everything you can to achieve it. Making money is only slightly better than not losing money, but losing money is much worse than not losing money.
10. Treat the trading journey as a life test and a spiritual practice, and it may be easier to achieve a peaceful state of mind.
Finally, I have to say that this road is very difficult, and not many can make it to the end. Come on everyone, and we will see you at the top.
