What does it mean to get rich? Getting rich is relative.
One hundred thousand became one million. Some people felt they had gotten rich, but the people of Shanghai curled their lips because one million could only buy a decent toilet in Shanghai.
If 1 million becomes 10 million, you can buy a three-bedroom, two-living-room house in Shanghai, and become a "normal citizen."
Therefore, getting rich is relative, relative to your capital. If the capital is small, no matter how big the profit is, the absolute value is not enough. Only scale can produce benefits.
If you want to survive in the long term, you must take investment risks and any possible events into consideration. The core of leveraged trading is that when you are profitable, you should gradually increase your position and gradually increase it. When you are losing money, you should gradually reduce your position to minimize the loss. This is the essence of trading!
Core One: The truth of trading is not about getting rich overnight, but about earning steadily and living long.
Core Two: A common pitfall for investors is frequent trading, never looking for trading opportunities, and entering the market as long as there is volatility. This is undoubtedly wrong and will only lead to missing good entry points and frequent losses.
Core Three: "There's a saying that goes well, I can pull you back from the cliff, but I can't stop you from jumping every time." Impulsiveness is a terrible source. You must follow trading signals; not being impulsive is the first element of risk control. Learn to manage risk.
Core Four: Do not let profits cloud your judgment; the key is to maintain profitability. Human desire is to want more, which will lead to forgetting risks, resulting in self-destruction. Therefore, always keep a clear mind. Be cautious with losses and even more cautious with profits.
Core Five: Everyone has a gambling mentality and likes to trade heavily based on their subjective judgment. To this day, there isn't a single heavy trading operation that hasn't failed. Therefore, keep every loss within 2% of your capital, and you must set stop-loss and take-profit levels.
Core Six: After suffering significant losses, one often hopes to immediately recover. The more you trade, the larger the position becomes, wanting to turn the situation around in one go. Once you do this, it equals failure. After setbacks, you should immediately reduce your trading volume or stop trading. Right now, it's not about how much you can earn back, but about regaining your confidence.
Core Seven: It's okay to make mistakes; the priority is to get out quickly. "As long as the green mountains remain, one need not worry about firewood." Preserve your strength, find the reason, and make a comeback!
Core Eight: Both new and experienced traders know trading principles, but top experts firmly execute principles even in extreme market trends. Why do most traders continue to lose money? The main reason is impatience, neglecting trading principles. You cannot carelessly enter a trade before the trend is clear and manageable.
Core Nine: Diversify trading to face market changes. Those who make mistakes are the ones who lack strategy in trading. When wrong, they complain about difficulties, the platform's operations, etc., always asking why? Isn't life full of uncertainties? Never lose due to lack of strategy.
Core Ten: Before trading, learn self-restraint and money management. Once a position becomes unfavorable, exit immediately; if favorable, hold on. If the market trend is poor, reduce your position or stop trading. This moment is not about how much you can earn, but how to avoid reducing your losses. Never rush into trading when you cannot control the situation.
In a bull market, we must not miss any opportunity to keep the profits flowing. If you desire to double your capital, wish to make a big profit, or want to break even, then please closely follow Poison Brother's steps and prepare for the upcoming bull market! Poison Brother will do his best to help you realize your dream of doubling your capital in a bull market, making your investment journey easy and enjoyable!
