10 major trading rules: read them once a day, it will definitely help you!
Use protective stop loss
Advantages: Stop loss can avoid big losses and protect the principal.
Disadvantages: It may lead to premature exit and miss subsequent profits.
Self-discipline
Advantages: Strictly follow the plan to trade and increase the success rate.
Disadvantages: It may be too mechanical and lack flexibility to respond to market changes.
Do not trade frequently
Advantages: Reduce transaction costs and avoid impulsive trading.
Disadvantages: You may miss potential profit opportunities.
Avoid major events
Advantages: Avoid huge losses caused by emergencies.
Disadvantages: You may miss opportunities brought by market fluctuations.
Do not gamble
Advantages: Reduce trading risks and protect capital.
Disadvantages: It may limit high-risk and high-return opportunities.
Set the maximum loss limit for the day
Advantages: Control losses and avoid emotional trading.
Disadvantages: It may lead to early stop trading and miss profit opportunities.
Trade reasonable positions
Advantages: Control risks and trade steadily.
Disadvantages: Initial returns are low and require patience.
Do not increase positions during losses
Advantages: Avoid expanding losses and protect the principal.
Disadvantages: You may miss the opportunity to rebound from the bottom.
Learn how to reduce losses
Advantages: Reduce risks and increase the probability of profit.
Disadvantages: You need to constantly learn and adjust your strategy.
Plan your transactions
Advantages: Planned transactions increase the success rate.
Disadvantages: You may lack flexibility and be unable to cope with market changes.
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