Trading judgment errors are not terrible, what is terrible is that there is no timely response strategy

In trading, there are always things you can't imagine that can make you lose money. The easiest way to stop your losses is to ask yourself the question: If you haven't established a position yet, would you still be willing to buy at this price? If the answer is no, sell immediately, without hesitation.

Contrary to the trend is the beginning of failure. You should not fight the market or try to beat it. There is no need to be smarter than the market. When the trend comes, follow it. When there is no trend, watch it and sit still. It is not too late to wait for the trend to finally clear up. This will lose a small number of opportunities, but win the safety of the capital. Your goals must be in line with the market and follow the trend of the market. If you are in line with the market, profits will roll in. If you are wrong about the trend, you have to use the old and reliable umbrella company - stop loss order. This is the relationship between trends and profits. The two most basic rules of successful trading are: stop loss and hold long. On the one hand, cut off losses and control passivity. On the other hand, the profit trend has not been completed, so it is not easy to come out, so that profits can be fully increased. In the long market, most stocks can not be afraid of temporary quilts. Because the next wave of rise will soon be lifted, or even profitable. At this time, buying the right one also needs to know how to sit still, no matter the wind and waves, it is better than walking around. The key to trading is to continue to grasp the advantage. Quick compensation is an important principle in short market trading. When the position suffers a loss, don't fight up the ante again. In a short market, you win if you don't lose or even lose less. Do more mistakes, do less mistakes, and don't do well. In a clear short market, if you refuse to exit for fear of small losses, you will suffer big losses sooner or later. A stock struggling in a mid- to long-term downtrend is right to sell anytime. Even at the lowest price. The idea of passively holding on to its bottom is dangerous because it may not have a bottom at all.

Learn to let money enter the market in batches. Once the first entry position loses money, the first principle is not to up the ante. The initial loss is often the smallest loss, and the correct approach is to go straight out. If the market continues to be unfavorable for the first entry position, it is a bad trade, no matter how high the cost, pay immediately. Those who hope to get it done at the bottom or at the head will always get a hot potato.

Do something to do something. More action is not necessarily good. Sometimes doing nothing is the best choice. Don't worry about missing opportunities, good hunters must wait. When there is no big opportunity, be quiet as a stone. The way to trade is to wait patiently for opportunities, wait patiently for the most favorable risk/reward ratio, and grasp opportunities patiently. We are holding our own money, so we should cherish it extra. (This article is from: Forex Academy) Don't blindly test the bottom, let alone blindly speculate on the bottom. You know, the bottom and the top are the areas where it is easiest to lose big money. When you are confused, don't make any trading decisions. There is no need to force a trade, if there is no appropriate market. If there is no chance of winning, don't force yourself into the market. Only when the general direction is right can you enter the battle calmly. Win first and then fight, not fight first and then win. The core of speculation is to try to avoid uncertain trends and only bet on obvious gains. And before you have a fairly certain action, buy yourself an insurance (stop loss to get out of the exit) to prevent your own subjective mistakes. To make a trade, you must have the ability to do it again, including capital, confidence and opportunity. You can be defeated by the market, but you must not be destroyed by the market. We came to this market to make money, but this market is not a fully automated teller machine.

In trading, it is the most taboo to use stressed funds. Once the funds are under pressure, the mentality will be distorted. You will panic out because of the normal fluctuations in the market, and only later will you find yourself in a very favorable position. You will also be limited by the use of funds, and you will gamble when there is no opportunity, and eventually lose everything. In ten trades, even if you fail in six trades, as long as the losses of these six trades are controlled within the loss of 20% of the principal of the entire trade, and the remaining four successful trades, even if you use three small profits to cover the loss of 20% of the principal of the entire trade, the remaining one big profit will make your return not low.

You can't control the direction of the market, so don't waste your energy and emotions in situations you can't control. Don't worry about how the market will change, worry about how you will respond to changes in the market. It doesn't matter if you are right or wrong, what matters is how much profit you make when you are right, and how much you can afford to lose when you are wrong. Before entering the market, calm down and think about it. Think about how much professional skills you have to support yourself in the market. Think about whether your mentality can withstand the ups and downs of strong winds and waves. Think about whether the limited funds in your pocket can handle unlimited opportunities and losses. Stock trading is like going to sea, and it is safe to avoid risks. A shipwreck on the bottom of the sea has a pile of nautical charts. The most important factor in trading success is not which set of rules is used, but your self-discipline. Time determines everything. Life is not just a battle of strategies, but also a competition between time and life to some extent. If Barphet lived for 10 more years, even if he only made 5% continuous profit every year, the total increase in his wealth was enough to be proud of the world...