Xiaomei is here to share trading insights again
Going with the trend is right, going against the trend is wrong. (Once a trend is established, it is difficult to change in the short term)
Using a light position is right, using a heavy position is wrong – a position influences attitude, and attitude influences decisions.
Being content is right, being greedy is wrong – greed is the enemy, contentment brings happiness.
Using stop-loss to protect profits is right, letting things run is wrong – protecting capital comes first, making money comes second. Objective trading is right, subjective analysis is wrong; objective trading follows the rules.
Waiting patiently is right, being impulsive is wrong; cultivate patience, act at the right moment.
Increasing positions when in profit is right, averaging down when in loss is wrong; profit is the correct direction, loss is the wrong direction.
Being calm and composed is right, being anxious about gains and losses is wrong; the essence of trading is the clash of human nature and mindset.