Almost all successful traders, while realizing their own value through trading, adhere to three iron rules:



First, the underlying logic of trading is to set stop-losses at critical positions and take a chance. Those who can understand this sentence must have used a large number of trading patterns before realizing that the four words 'critical positions' are the core of trading, rather than randomly entering the market.

Secondly, understand human nature and respond to emergencies through risk control and stop-loss strategies. Most of the technical methods we learn can lead to profit, but in the end, it all comes down to one point: human nature. To achieve the top in any industry, a person must reach this mental level, and those who can reach this level are definitely rare. Among the many methods available in the market, there are actually ways to profit, with no distinction between high and low or expensive and cheap. However, trading ultimately comes down to the defense of human nature; those who can understand this sentence are surely experts.

Third, understand how to control yourself and trade casually. Lions do not chase their prey all the time, but spend most of their time lying in ambush, waiting for the right moment. Excellent traders are the same; they rely on waiting to resolve situations.
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