Trading over time will make you realize that what truly determines whether you can make money is not your skills, but your mindset.



The following eight lessons are lessons I learned the hard way with real money. Some might call them "Eight Precepts," but honestly, they are life-saving charms. Understand and follow them to avoid taking detours for years.

1. Beware of Opportunity Floods
The market hits daily limit-ups, but not all are yours. The water is deep; only take what you need. Only trade the trends you understand. If you don’t understand a surge, don’t envy it when it skyrockets.

2. Beware of Short-term Impatience
Frequent trading isn’t diligence; it’s just giving away money. Obsessing over minute chart fluctuations will only exhaust you and drain your capital. Be patient and wait for the big trend; one wave is enough.

3. Beware of Heavy Position Gambling
Position size is your lifeline, not chips at a gambling table. Going all-in once might win you a model, but losing means lining up on the rooftop. Remember, living longer is more important than earning quickly.

4. Beware of Superstitious Indicators
MACD, KDJ, moving averages… they are tools, not commandments. The more indicators you stack, the more confused your mind becomes. Simplicity is the ultimate sophistication. A simple system executed to perfection is enough.

5. Beware of Trusting Rumors
“Insider” tips in groups or “recommendations” from big influencers are nine times out of ten designed to get you to buy the dip. The market has no kind-hearted heroes, only sickles and chives.

6. Beware of Relying on Others
Others’ analysis can be a reference, but you shouldn’t rely on it to place your orders. Whether you gain or lose, it’s your money. Independent judgment and responsibility are the basic thresholds of trading.

7. Beware of Holding on to Losses
Stop-loss isn’t admitting defeat; it’s admitting a mistake. If you’re wrong, get out. Don’t hold onto small losses and turn them into big ones. As long as the green mountains remain, there’s firewood to be gathered.

8. Beware of Overconfidence After Profits
Getting cocky after making money is a sign of big losses ahead. When things are going well, you must control yourself even more. Take profits when you can, don’t let greed cloud your judgment.

In the end, trading is not about who makes the most money, but who survives the longest. Stick to these eight rules—no greed, no impatience, no panic, no blindness—and steadily earning is better than anything else.

#交易心得##投资修行##给新手的建议#
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin