Hello everyone, I am your old friend, an 'old hand' who has been rolling around in the contract market for eight years and has not yet been carried away.
Many people are curious about how I have lived so long. Is there some inside information, or do I have a grasp of some mysterious indicators?
To be honest, not at all. I survived precisely because I am 'cautious' in a disciplined manner, cautious with a method.
Today, I won't talk about metaphysics or wealth codes, but I will share the six 'survival rules' that have allowed me to live steadily until now. If you want to 'live long and see much' in this market like I do, I suggest you patiently read through it; it will definitely inspire you.
1. Stop-loss? That's my 'insurance' for myself.
I've seen too many people treat stop-losses as a shame. They hold on stubbornly after a small loss, only to end up at zero.
Please, stop-loss is not admitting defeat; it's self-protection! I set a rule for myself: if a single loss exceeds 5%, the system automatically cuts; if I have consecutive stop-losses twice in one day, I shut down the computer and go out for a milk tea.
Remember, as long as the principal is still there, the table hasn't been taken away. If your emotions collapse and you still play hard, that's called giving away your head, not trading.
2. I never go 'all in'; I'm afraid of pain.
Beginners often ask: 'How much position can I take on this order?'
I only retort: 'Do you want to see me again tomorrow?'
My position never exceeds 10% of my total funds, no matter how tempting the market is.
Position control is not a coward's behavior; it's risk management for adults. Do you want to turn things around with one order? The market is likely to flip you.
3. I only 'ride with the wind,' never urinate against it.
When the trend comes, just follow it honestly. Don't always think you're smarter than the market and can catch the bottom during a decline.
Most of my profits come from those few waves of 'following the trend.' Occasionally missing the head or tail of a fish? That's okay; catching the body is enough to make you gain weight.
4. Before placing an order, do some math problems.
I have a quirk: before opening a position, I calculate the numbers.
If this order makes a profit, how much can it make? If it loses, how much can it lose? I basically don't look at orders with a risk-reward ratio of less than 2:1.
Only get in when it's worth it; if it's not worth it, just watch. Better to miss out than to be a fool.
5. I rarely watch the market because it consumes power.
Frequent trading = working for the exchange + adding trouble for yourself.
I only check the market 2-3 times a day; I take action only when the signals are clear. Other times? Do whatever you need to do.
Less action means fewer mistakes; looking too much can lead to itchy fingers. The saved transaction fees are enough for me to buy several pounds of ribs.
6. Made a profit? Withdraw it first; secure your gains.
This is my most practical habit: whenever profits exceed 20%, I immediately withdraw half.
The money you withdraw is yours; what's left in the market is still 'chips.'
Doing this keeps your mindset steady like an old dog; you won't be surprised by rises and falls. After all, what you have in your pocket is what counts.
Lastly, let me say two things.
I'm not a deity, nor can I make you rich overnight.
But I can accompany you to live a little longer and steadier in this market, like guerrilla warfare, protecting yourself while seeking opportunities.
If you think these 'cowardly arguments' are somewhat useful, feel free to follow.
