Beginner's Operating Principles
1, Do Not Trade Blindly: When you do not understand the market, consult experienced mentors or instructors to avoid random trading.
2, Do Not Trade Against the Market: Refuse to trade rebounds in a down market or adjustments in an uptrend, avoiding neglect of the larger trend for small gains.
3, Do Not Enter During Fluctuating Markets: Avoid trading during periods of consolidation to prevent losses due to minimal fluctuations.
4, No Full Position: Maintain position management, avoiding full position operations to prevent excessive risk.
5, Firm Stop Loss: Set and execute stop-loss strategies to protect principal without hesitation.
Eight Rights and Eight Wrongs in the Investment Market
1, Going with the Trend is Right, Going Against the Market is Wrong: The probability of success is higher when following the trend; once a trend is formed, it is difficult to reverse in the short term.
2, Light Position is Right, Heavy Position is Wrong: Light positions help stabilize emotions and rational judgment, while heavy positions can lead to emotional trading.
3, Contentment is Right, Greed is Wrong: Greed is the greatest enemy; knowing contentment at the right time is key to profiting from investments.
4, Stop Loss to Preserve Earnings is Right, Letting Go is Wrong: Protecting principal is always a priority over profits; strict stop-loss ensures stable returns.
5, Objectivity is Right, Subjectivity is Wrong: Adhere to objective judgment, avoiding emotions or subjective thoughts influencing decisions.
6, Patience is Right, Impulsiveness is Wrong: Cultivate patience, wait for the best entry opportunity, and reduce impulsive trading.
7, Adding to Profits is Right, Averaging Down on Losses is Wrong: Add to positions when in profit, rather than blindly averaging down when in loss.
8, Peaceful Mind is Right, Worrying is Wrong: Maintain a calm mindset and do not let short-term fluctuations affect your decisions.
Advice from Teachers to Investors
1, Avoid Using All Funds: Do not invest everything; diversifying risk is a basic principle of investing. 2, Control Emotions: Overcome fear and impulsiveness, be able to endure losses, and be brave to take profits.
3, Do Not Overtrade: Maintain trading frequency and avoid frequent buying and selling that affects decision-making and mentality.
4, Face the Market Realistically, Do Not Fantasize: Confront the market with reality, do not hope for windfall gains.
5, Pause at the Right Time: Stop to reflect when necessary, do not let short-term fluctuations obscure the overall situation.
6, Do Not Follow the Crowd Blindly: The market changes rapidly; think independently and make independent decisions.
7, Observe When Uncertain: When the market is uncertain, it is better to wait and observe.
8, Decisive Execution: Act quickly, decisively exit or seize opportunities.
9, Forget Past Prices: Avoid being influenced by historical highs and lows when making current decisions.
10, Patient Waiting: Understanding when to wait and when to give up is also an important part of investing.
Mature Trading Judgment Standards
1, Stable Positive Returns: Returns that are consistently stable and positive.
2, Stability and Closure of Signals: Trading signals are reliable and clear.
3, Risks are Manageable: The risks of trading are within a controllable range.
4, Replicable Trading Patterns: Follow certain patterns to facilitate long-term profitability.
Your sharing has provided investors with clear entry guidance and reminded them that investing in the crypto space requires strict discipline and risk control.
