Fifteen Rules Every Trader Must Remember
1. Preserve your capital; survival is the first rule for investors.
2. As long as you are not greedy, making money is very simple; stable small profits.
3. Focus on a few varieties, never go all in, and follow the trend.
4. Do not over-leverage, do not hold onto losing positions, and do not trade frequently.
5. Don’t rush to buy, be decisive when selling, and never delay your stop-loss.
6. Money can be made endlessly, but it can also be lost completely.
7. If you hit your stop-loss, exit unconditionally; stop-loss is always correct.
8. Whether short-term stability or long-term stability, securing profits is the safest.
9. What never changes in the market is that extremes will always reverse.
10. Don’t trade when there’s no market; missing trading opportunities is normal; just seize a portion of them.
11. Waiting for trading opportunities is always a hundred times better than searching for them.
12. Stop trading after achieving your daily profit target; energy is limited.
13. Stop-loss is yours, profits are given by the market.
14. Money is earned by waiting, not by frequent trading.
15. The mindset is fragile in the face of desire; trade strictly according to your strategy and ensure that your knowledge translates into action.