Risk control is core
No matter if you earn or lose, the most important thing is not to let yourself go bankrupt. Going bankrupt means starting over, and everyone knows that losing 50% means you need to earn 100% to break even. We are here to trade, to make money, not to play the break-even game.
Controlling risk is the core, and all actions should start with this purpose. You must ensure that you can survive in the market for a long time, and keep yourself from leaving the table for a long time. Once you leave, there are no opportunities left; as long as you are still at the table, there will always be chances to make money.
Every 1% loss gives you the opportunity to be wrong 100 times in a row, generally speaking, it’s unlikely to be wrong that many times in a row. So, if risk control is done well, you can survive in the market for a long time, learn a lot of experience, have room for error, room for improvement, and room for growth.
Every penny is your soldier; cherish and protect them. Even if you are just a small team leader, caring for your soldiers and protecting your troops is your "general" mentality. With a general mentality, you will eventually become a true general commanding a million troops.
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