When you decide to make trading your lifelong profession, remember these 12 advanced rules:
1. The trend determines life and death: Only go long above the 60-day line, and the 120-day line going up is the time for heavy positions in the bullish wave.
2. Buy the leaders on retracement: Strong coins will bounce back upon first touching the 20-day line, reaching the 60-day line is the second golden buying point.
3. Reduce positions on big rises: If a single-day surge exceeds 7%, and the next day does not seal the board or reach a new high, be sure to cut your position in half to lock in profits.
4. Do not catch falling knives: A rebound after a consecutive 9-day decline at high levels is mostly a 'dead cat bounce', suitable only for expert short-term traders, while retail investors should observe.
5. Breakout from consolidation: If it consolidates for over 15 days with extremely low volatility, a volume breakout above the upper edge of the box is a full position signal.
6. Cost protection: If the price does not stabilize above the cost price + intraday average line before 11 am the next day after buying, stop loss unconditionally, and never add to your position.
7. Identify authenticity with volume and price: Low-level volume without price increase is accumulation, high-level volume without price increase is distribution; take advantage of volume decreases on the upside, and must run on decreases.
8. Only operate within the model: Capture only 3-5 waves of main bullish trends a year, spend 90% of the time waiting, and 10% of the time determining annual returns.
9. Cycle theory of heroes: In a bull market, make quick entries and exits on mainstream trends, in bear markets, leave at rebound opportunities; do not be a dead bull nor a dead bear.
10. Capital controls risk: A single loss should not exceed 2% of total capital; preserving principal is essential to qualify for the next bull market.
11. Reject FOMO: Missing out is not a mistake, making mistakes is the real error; rather earn less than incur large losses. $NIL
12. Mindset reset: Forget yesterday’s gains and losses before the market opens each day, and execute strategies like a machine.
From 7-digit to 8-digit, it relies on 'cutting losses and letting profits run'. Tired of being harvested? Want to learn trend trading, establish a system?
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