Seek victory in stability: Trading rules help you go steady and far
1. Three things not to do: Don’t do it when you are tired, sleepy, or exhausted; Don’t do it when you are in a bad mood; Don’t do it when you don’t understand the market; (When you are in a bad state, you can’t perform at your normal level, so there will be a big error in your judgment of the market)
2. Light position and follow the trend: When trading, open a position according to the amount of funds in the account. The general principle is that the position should not exceed one-third of the amount of funds. It is strictly forbidden to hold a heavy position and to place orders against the market! (If a loss occurs when the position is heavy, the amount of loss will increase, and the psychological tolerance will increase. Don’t use it to make correct judgments)
3. Strict stop loss: After placing an order, whether it is long or short, the loss range cannot exceed 5 points. Exceeding it means that the order is wrong. No matter how the market goes in the future, stop loss must be considered! (Stop loss is a profound topic. Should you stop loss? How much loss should you stop loss? This requires traders to explore and summarize experience for a long time)
4. Do not be lucky: Lucky is a taboo for survival. If you are lucky after a loss, it may lead to more serious consequences. Therefore, after making a mistake, you must strictly stop loss and not have any fluke! (Mistakes are inevitable, mistakes are not terrible, what is terrible is not admitting mistakes)
5. Do not make orders for revenge: After losing, gamblers want to make up for their losses. When investing, you must not have the same gambling mentality as gamblers. The general principle is that the loss should not exceed two times a day. Once two losses occur, the state is not good and the possibility of continuous losses increases. Therefore, there may be a situation of retaliatory orders, which must be strictly prohibited!
6. Frequent orders must know how to stop losses: The more transactions, the greater the probability of errors. The first principle of trading is the safety of the account's funds and the interests of customers. Frequent orders should not be made in pursuit of order volume. The principle of multiple orders is to ensure that the account is profitable!
