Nine Survival Rules for Short-Term Trading
1. Learn to wait; contracts are like passing the baton in a drumbeat, after a surge in emotions, there must be a correction, and a reversal follows panic. Use 20% of the opportunity to earn 80% of the profit; this is an irreversible law of the market.
2. Never go all in; heavy investment can lead to emotional decisions, creating a vicious cycle. Losses are normal; the key is in mindset and finding new opportunities. To be profitable, first maintain your qualification.
3. Be cautious when buying; do not act impulsively due to a straight price surge. In a big market, there are plenty of opportunities. Assess based on indices and emotions.
4. Cut losses decisively; when results are not as expected, make quick decisions. Never waste time on losses, and look for new opportunities instead.
5. After a big profit, withdraw promptly; large profits often indicate market euphoria, and a correction is imminent. Withdraw in time to clear the euphoria and add color to life.
6. Respect the market; do not judge it based on subjective assumptions. If the funds have not chosen a direction, there is no need to cling to it. Engage in directions recognized by the market; that is the right path.
7. Do not take over after a peak; the market has reached its peak, and the baton-passing game is about to end. Who will be willing to take over the next day?
8. Try not to trade in the afternoon; the short-term situation was clear in the morning. When it’s time to act, act. Simplify trading to avoid unnecessary entanglements.
9. Persist in reflection and summary; failure is not terrifying, but not gaining anything is. Let every failure become the foundation for success, so you can go further and further.
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