10 major trading rules: read them once a day,
Use protective stop loss
Advantages: Stop loss can avoid big losses and protect the principal.
Disadvantages: May lead to premature exit and miss subsequent profits.
Self-discipline
Advantages: Strictly follow the plan to trade and increase the success rate.
Disadvantages: May be too mechanical and lack flexibility to respond to market changes.
Don't trade frequently
Advantages: Reduce transaction costs and avoid impulsive trading.
Disadvantages: May miss potential profit opportunities.
Avoid major events
Advantages: Avoid huge losses caused by emergencies.
Disadvantages: May miss opportunities brought by market fluctuations.
Don't gamble
Advantages: Reduce trading risks and protect capital.
Disadvantages: May limit high-risk and high-return opportunities.
Set the maximum loss limit for the day
Advantages: Control losses and avoid emotional trading.
Disadvantages: May lead to early stop of trading and miss profit opportunities.
Trade reasonable positions
Advantages: Control risks and trade steadily.
Disadvantages: Initial returns are low, requiring patience.
Do not add positions during losses
Advantages: Avoid losses and protect the principal.
Disadvantages: May miss the opportunity to rebound from the bottom.
Learn how to reduce losses
Advantages: Reduce risks and increase the probability of profit.
Disadvantages: Need to constantly learn and adjust strategies.
Plan your transactions
Advantages: Planned transactions increase the success rate.
Disadvantages: May lack flexibility and be insufficient in responding to market changes.
Are there any other good tips? Welcome to comment and share
