It's like a thunderbolt! A compilation of 20 viewpoints from dealer A8, every word is a treasure!

Point of view 1: If I am wrong, I must exit quickly, as the saying goes: if you have green mountains, do not fear the lack of firewood. I must preserve my strength and return again.

The second opinion: The main reason behind the continuous losses of some traders is the lack of patience, which leads to ignoring the principles of trading and the inability to wait for clarity in the overall trend or the conditions they can control, causing them to rush into trading.

The third opinion: Regardless of when you face frustration, it will be difficult for you in your heart. Most dealers, when they experience significant losses, hope to recover that immediately, so the trade volumes increase significantly, and they want to regain the advantage all at once. But once you do that, you eliminate your chances of success.

After facing pressure, the right action is to reduce the trading volume or stop trading immediately. What you need is not to make more money to compensate for losses, but to regain your confidence in trading.

Perspective Four: If the markets that align with profitable trading principles are increasingly diminishing, you must exercise patience and wait, and when the market movement is completely contrary to your expectations, you should choose to withdraw.

Fifth perspective: You should hold on to the good cards you have and reduce the bad cards, and if you cannot hold on to the good cards, how can you compensate for the losses resulting from the bad cards.

Many traders who make profits end up losing everything they've earned because they lack the patience to hold onto winning trades, and at the same time, they don't want to stop trading when they lose.

Perspective 6: A common mistake made by many traders is that they trade too frequently, not choosing the right trading times. When they see market fluctuations, they want to enter a trade, and this undoubtedly forces themselves to trade, instead of being in an active position waiting patiently for good trading opportunities.

Point of View 7: The reason professionals can make profits is that they have done a lot of work while waiting to enter the market.

However, many people once they make profits start to underestimate the importance of trading, and begin to execute trades repeatedly, leading to losses in the next few times, which makes them unable to handle it, resulting in significant losses, to the point that they may lose the original capital.

Point of View 8: The worst trades come from impulsiveness, and the biggest destructive mistake in trading is excessive impulsiveness. Anyone should trade based on specific trading signals and should never recklessly change their trading strategy due to momentary impulsiveness. Therefore, not being impulsive is the first element in risk control.

Traders must learn how to manage risks; you should have the worst expectations in mind. Therefore, you should work with small amounts and control losses for each trade between 1% to 2% of the capital.

Perspective 9: You must learn to keep your cool when trading. A dealer is like a boxer; the market can hit you hard at any time, you must stay calm. When you lose, it means the circumstances are not in your favor, don't rush, take your time.

You should minimize losses and preserve your capital as much as possible. When you experience significant losses, it will definitely affect your emotions; you should reduce the amount or stop trading, and wait for a period of time before considering the next trade.

Point ten: Regardless of whether you have incurred significant losses or achieved substantial profits, you must maintain your mental calm. Continue to analyze each trade daily, and check if there are any violations occurring. Think about why good trades succeed, and for bad trades, you must review yourself thoroughly to determine the root cause. Therefore, if you wish to continue performing well, you should be interested in each trade individually.

The eleventh opinion: Most people know the principles of trading, but true professionals are those who commit to applying these principles even during periods of extreme market volatility.

The reason experts have a high win rate is that they are usually afraid of the market, which makes them cautious when choosing entry timing. Most people do not wait for the market to clarify before entering; instead, they always enter the jungle at night, while experts always wait for the sun to rise before entering. They do not anticipate the market movement direction before it starts, but let the market tell them the direction of the change, choosing and waiting for guaranteed opportunities before attacking; otherwise, they abandon the opportunity.

Perspective 13: Trading strategies should be flexible to adapt to market changes, and one common mistake made by most traders is that their strategies remain static, often complaining about how the market is completely different from what they expected! Why should they be similar? Isn't life full of unknowns?

The fourteenth opinion: Do not let the joy of profit dominate your mind; you must know that the hardest thing in this world is how to achieve profits consistently. Once you make money, you will expect to make more money, and thus you will forget the risks, and you will not question the validity of the business principles being followed. These are the reasons that lead to self-destruction. Therefore, you must remain cautious at all times, you must be very careful when losing money, and be even more cautious when making money.

Fifteenth Opinion: During the trading process, you should learn how to exercise self-discipline and manage your funds, and try to remain calm during execution. If the situation is unfavorable, leave the market, and if it is favorable, continue to hold. What you should be thinking about is how to minimize losses, not how to make more money. When trading conditions are unfavorable, reduce the size of your trades or stop trading. When trading conditions improve, increase the size of your trades, and do not rush to enter the market in situations you cannot control.

Perspective 16: When you trade, you must learn to be tense, as successes in this industry come quickly and also go quickly; stress always arises when you are in a state of arrogance. The speed at which anything can be destroyed far exceeds the time it took to build it. Some things take ten years to build, yet can be destroyed in a single day. Therefore, you must be strict in self-discipline at all times.

Perspective 17: Most people have a loss mentality when trading and prefer to enter and exit with large amounts, so you must change yourself in this regard. Throughout history, no one has made large trades without failing. You must control each loss you have so that it does not exceed 2%.

Eighteen's perspective: trading based on charts is like surfing; you don't need to know the reasons for the waves rising and falling, you just have to feel the rhythm of the waves and master the timing of surfing to become an expert surfer.

Nineteen's perspective: Some people change their trading system when they lose money, while others do not believe in the trading system and doubt the instructions issued by the system, driving them to enter and exit the market based on their own preferences, while professionals always follow the trading system, as trading is not about seeking excitement, but rather about achieving victory.

Viewpoint Twenty: True professional traders do not compare instant profit amounts, but rather compare long-term gains and duration of stay!

Let's cheer together!