1. Don’t let greed and fear control your trading decisions. Only rational trading can maintain sustained profits.
2. Continuously learn and accumulate experience. Becoming a successful trader takes time and fully understands the operating rules of the market.
3. You must have enough patience in trading to be able to withstand loneliness and pressure. Sometimes, no trade is the best trade.
4. Don’t be discouraged when you encounter failure. The most important thing is to learn from failure.
5. Don’t blindly chase the ups and downs. You should have your own trading strategies and plans, implement them resolutely, and make constant corrections.
6. Don’t rely too much on technical analysis. The ideal strategy is to combine technical and fundamental analysis.
7. The market is always right, what we have to do is follow the market rather than try to predict the market.
8. Money management is key, deciding when to enter and exit trades, and the size of each trade.
9. You can accept losses, but you cannot accept losses without principles and strategies.
10. Successful traders usually have a deep understanding of trading and can see the real trends through the market noise.
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