1. Fund allocation: Divide the funds into ten equal parts to ensure that the risk of a single transaction does not exceed one tenth of the total funds.
2. Set a stop loss: Set a stop loss point immediately when opening a position to protect your investment from adverse market fluctuations.
3. Avoid over-trading: Over-trading violates the principles of money management and should be avoided.
4. Protect floating profits: When floating profits exceed three basis points, set a protective stop loss near the opening price to ensure that the principal is not eroded.
5. Follow the trend: Avoid participating in transactions when you are uncertain about the market trend.
6. Wait-and-see attitude: When in doubt, choose to wait and see or exit the market.
7. Choose liquidity: actively traded stocks and avoid stocks with insufficient liquidity.
8. Risk diversification: Diversify your risk by trading multiple stocks rather than investing in one concentrated stock.
9. Order type: Flexibly use market orders and limit orders to adapt to market changes.
10. Reason for holding: Do not close a trade at will unless you have a good reason. Consider using a moving stop profit to protect your profits.
11. Profit accumulation: When trading goes smoothly, transfer part of the profit to a reserve account for emergency use.
12. Avoid the temptation of good or bad news: Do not over-trust the news that is spread out, which may lead to your own plans being affected.
13. Avoid cost spreading: Avoid spreading costs by adding positions. This may be the biggest mistake a trader can make.
14. Be patient and wait: Avoid rushing into the market due to impatience, or leaving the market too early due to lack of patience.
15. Avoid small profits and big losses: In trading, you should avoid ignoring potential large losses due to small profits.
16. Stop loss discipline: Once the stop loss point is set, it should not be cancelled at will unless there is a good reason.
17. Reduce trading frequency: Avoid frequent entry and exit of the market, which may lead to unnecessary transaction costs and risks.
18. Trading consistency: The willingness to go long and short should be consistent with market trends, which is the key to profitability.
19. Avoid emotional trading: Do not buy because the price seems low, or short sell because the price is high. Make decisions based on market analysis.
20. Pyramid position adding strategy: add positions at the right time when the price breaks through the resistance level or falls below the support level.
21. Currency selection: Choose small-cap stocks when going long and large-cap stocks when going short.
22. Avoid incorrect hedging: If the currency you hold starts to fall, you should stop loss and exit the market instead of hedging by opening a short position.
23. Trading plan: Do not change your trading plan without a good reason.
24. Position management: After continuous profits, do not increase your position at will and maintain consistent risk management discipline.
