Trading is like a tug-of-war, where patience and wisdom are the key. Every operation feels like a contest with the market. The market will make its move, I will counter its move, and when I can't win, I take a step back and wait for the next opportunity. Over time, I've grasped some principles and summarized seven key insights that helped me transform from a newbie overwhelmed by the market into a seasoned player who can handle it with ease.
1. Small bets for big gains. You must understand that the market has much more money than you do; you can't confront it head-on, but you can seize a trend and take a significant bite out of it. When you can't win, retreat decisively with a small loss; when you can win, pursue aggressively to maximize profits.
2. Test with fixed chips. Every time I operate, I control my losses within a fixed range, and that is my stop-loss cost. As long as the losses are manageable, my mindset can remain stable.
3. Only operate on explosive points. The main battleground of the market often appears during high volatility; only then can you seize a big market opportunity. Trading in a range? No, I don't touch that because it’s too frustrating and you can't make significant money.
4. Focus on ambush. I generally don't take the initiative to attack but instead wait for the market to make its move first. The market's first step often reveals its intentions; at that moment, acting in accordance with the trend can lead to greater efficiency.
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