Three Key Elements for Successful Traders

1. Understand the underlying logic of trading. Trading is about taking a calculated risk with stop-losses at key levels; these key levels are the core of trading, not random bets. Enlightenment means choosing only one scoop from the vast river. First, make a prediction and then follow; only with prediction in front and following behind will your growth rate be astonishing.

2. Understand human nature. Defensive stop-losses are a response to sudden situations. All technical methods in trading can lead to profits, but in the end, they all boil down to one point: human nature. Anyone reaching the elite level of the industry must come to the realm of mindset; those who achieve this level are truly rare. Trading ultimately comes down to the defense of human nature, which is a battle of profit and loss ratios and defensive strategies.

3. Understand how to control impulsive and spontaneous trading. A cheetah does not chase its prey continuously; it spends most of its time waiting for the appearance of its prey. Excellent traders are those who capture their prey through patience.