Trading strategies must be flexible to cope with market changes. Most traders often make the same mistake in their trading strategies. They often complain that the market is completely different from what they think! Why should it be the same? Isn't life always full of unknowns?

The reason why experts have a high profit rate is that they are usually afraid of the market. The fear of market transactions requires them to carefully choose the time to enter the market. Most people will not wait until the market is clear before entering the market. They always enter the forest in the dark, while experts always wait until dawn to enter. They will not predict the direction of change before the market starts, but always let the market change tell them the direction of the market change. Choose and wait for a foolproof opportunity to launch an attack, otherwise give up.

Most people know the trading principles, and the real masters are those who firmly implement these principles when the market is in extreme conditions.

Whether you lose a lot or make a lot of money, you must keep calm, analyze every transaction every day to see if there are any violations, think about why good transactions are successful, and self-examine and find out the crux of bad transactions. Therefore, if you want to do well all the time, you must pay close attention to every transaction.

You must learn to stay calm when trading. Traders are like boxers. The market can hit you hard at any time. You must stay calm. When you lose money, it means the situation is not in your favor. Don't be anxious. Take your time. You must minimize your losses and keep your capital as much as possible. When you suffer a major loss, your emotions will definitely be greatly affected. You must reduce or stop trading and consider the next trade after a period of time.

The worst trades are caused by impulse. The most destructive mistake in trading is excessive impulse. Everyone should make trades based on established trading signals and never change trading strategies hastily because of impulse. Therefore, not being impulsive is the first element of risk control.