I have observed all successful traders. While they are financially free, they are all abiding by these three iron laws.
First, understand the underlying logic of trading. Trading is to set a stop loss at a key point and take a gamble. Those who can understand this sentence must have tried various trading models before they understood that the four words "key points" are the core of trading, rather than gambling at random points. Enlightenment is to take only one scoop from the three thousand weak waters, predict first and then follow. Only when you predict first and follow later, your growth rate will be amazing.
Second, understand human nature. Defensive stop loss is to deal with emergencies. The technical methods you have learned in trading can make you profitable, but in the end, it will all come down to one point, that is, human nature. If a person wants to reach the elite level in any industry, he must come to the level of mind. Those who can reach this level must be one in a million. Then all methods can make you profitable, without any distinction between high and low. There is no distinction between noble and humble, but in the end, trading is the defense of human nature, a contest between profit and loss ratio and defense. Those who can understand this sentence must be masters.
Third, know how to control, casual trading and impulsive trading. A cheetah will not chase its prey all the time. It spends most of its time waiting for its prey to appear. In other words, a good trader must rely on waiting to solve the problem of prey.
