There are many principles for successful trading. Below are some principles that traders may refer to:
1. Plan your trades, and trade your plan. Carefully choose the timing to enter the market, trade with the trend, and avoid trading against it; seize opportunities to minimize losses and maximize gains, and do not enter unclear markets; control your emotions, think independently, analyze calmly, and strictly follow your plan in trading, making decisive moves without hesitation.
2. Only use money you can afford to lose, start with small, low-risk trades, and learn to swim while swimming. A gentleman does not stand under a dangerous wall, retreat wisely in turbulent waters, and learn to accept failure.
3. Stick to what you can afford, and leave some room. Make sure to secure profits at the right time; once you start making money, safeguarding your gains becomes an art. Avoid turning profits into losses, and take profits when there are huge gains.
4. Trade with active commodities, and do not over-diversify your battlefield. Avoid trading in thin months, timely change contracts, and pay attention to commodities within the same category that have significant price differences.
5. Avoid speculative trading; patiently wait for the perfect trading opportunity. Being in cash is also a form of combat.
6. Pyramid-style scaling up; scaling techniques are an art of trading and a significant knowledge area, difficult to fully express in one sentence. However, there is one major principle: scaling is mainly to magnify the profits of the entire trend, but at the beginning of a market movement, no one knows if it will be a trending market or a consolidating one. Therefore, it is best to scale up only when you are in a profit situation to reduce psychological pressure. When scaling up, do not increase your position all at once but rather add slowly with a light position.
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