If you have been trading for more than a year and haven't made 500,000, or if you have been trading for over a year and your account is still in the green? Don't worry, you are not alone. After reading this, come directly to find Brother Lai. I have been trading for 9 years, with a total profit of 38 million. Today, I will clearly explain to you all the pitfalls I've encountered, the positions I've blown, and the losses I've had, all at once.
I have seen too many people rush in with great enthusiasm, only to be pressed down by the market. Some have blown up their accounts and left, while others have completely given up. As for me, I've been trading for 9 years with a profit of 38 million; I have also experienced overnight losses and doubted life itself.
Today, I'm not here to offer platitudes; I'm here to speak plainly. These 10 iron rules are what I have exchanged for real money:
1. Don't mess around with small funds. If it's under 60,000, catching a major uptrend once a year is enough; during the rest of the time, just controlling your hands means winning.
2. Practicing on a simulation account is not about skill, it's about mindset. Making mistakes in real trading might not even give you a chance to recover.
3. Don't get carried away when good news comes out. If you don't sell when it opens high, you are likely to be stuck.
4. Don't clear your positions before the holiday; after the holiday, tears will flow. History won't lie to you.
5. Medium to long-term isn't about holding onto everything; it's about keeping cash and making short-term trades. Don't always think about catching the whole fish.
6. For short-term trading, only deal with active coins; leave the inactive coins for time to work its magic.
7. Wait for a rebound after a sharp drop; don't bottom fish during a decline. If the rhythm is wrong, not even a miracle can save you.
8. Admit when you've made a wrong purchase, and stop-loss at the first opportunity. Staying alive means you have the next round.
9. Watch the 15-minute K-line + KDJ; don't rely on feelings and guesswork.
10. You don't need too many methods; mastering one or two to perfection is enough to last you a lifetime.
If you are still confused, losing money, or doubting yourself, don't stubbornly endure it. Come find Brother Lai, and I will help you break the deadlock. You don't lack talent; you just need someone to help you navigate the minefield.