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Today is the 312th day of my dynamic posts, and I haven't missed a single day. Each post is not done half-heartedly, but rather prepared with care. [微笑] If you think I am a serious person, you can follow me, and I hope the daily content can help you. The world is vast, and I am small, so please follow me to make it easier to find. [微笑][微笑]
One thing you must avoid when trading is entering the market casually for small profits. Many times you think, "I'll just make a little profit and run," and then you end up entering at an inappropriate position. Have you ever summarized this? In fact, the risk you take is significant, but the expected gain is minimal. This is called taking high risks for low returns, which is an extremely unwise approach.
In the world of trading, there are no middle options: either you gain wealth freedom or you lose to the point of questioning life, while mediocrity is merely a slow-motion bankruptcy. Trading does not allow for compromise; it recognizes only two outcomes: winning or losing. When hesitating whether to stop loss, the expert has already cut their position, while you fantasize about a slight increase, the big player is taking profits. Mediocre trading is equivalent to slow suicide, while you still think it’s just bad luck. Look at the two trading lives: the master multiplies their capital tenfold in three years, while the beggar loses their entire principal in a year. What's the difference? The master treats every trade as a life-and-death battle, taking each trade seriously, while the beggar always says they will trade according to plan next time. It's either extreme focus or complete withdrawal; being half-hearted means you can't even recover the transaction fees, so how can you escape mediocrity?
Three iron laws:
1. Either execute the strategy 100% or exit the market forever. 2. Stick to reviewing trades; it is not an option, it is a necessity. 3. Cut your position immediately when losses reach the stop-loss line, not tomorrow, but now. If you still want to be an average trader, it's best to close your account and leave the market.
Dear friends, trading is not everything in life; it is just a part that adds to our joy. I believe a person must have their own interests and hobbies in life. When you're not happy, these things can help divert your attention and find small joys in life. My hobbies are singing, dancing, playing musical instruments, and studying food. Now I am also fascinated by traditional Chinese medicine, and I take some time every day to learn about it. For the sake of my parents, I also need to accumulate more knowledge in traditional Chinese medicine. What are your interests and hobbies? Let's chat!