To succeed in trading, the core principle is: first survive, then earn stable money, and only then talk about huge profits.

Below is a set of the most practical, directly applicable ideas—no metaphysics involved.


1. First, control two things: position size & stop loss

This is the key to whether you can do this long-term:

1. Never lose more than 1%–2% of your total funds on a single trade
No matter how many losses, you won't blow up your account or lose your composure.
2. Set your stop loss level before entering the trade
If you're wrong, get out—don't hold the position or add to it to average down.
3. Don't over-leverage or go all-in
One big position won't help in ten trades; one mistake could knock you out.


2. Only trade markets you understand

Don't try to catch every fluctuation:

- Focus on 1–2 assets, don't chase everything in the market
- Trade only one type of market condition: trend / consolidation / breakout, master one to the extreme
- When you don't understand, or news is chaotic, or volatility is strange: stay out of the market

Staying out is also trading—and a high-level form of trading.


3. Develop a simple, repeatable set of rules

Systems are a thousand times more reliable than feelings:

- Clearly define: what conditions to go long, what conditions to go short
- Clearly define: when to take profit, when to cut losses
- Clearly define: maximum trades per day, stop trading after a certain loss

The simpler the rules, the easier they are to follow.
Complex systems are 99% about setting yourself up for failure.


4. Mindset is more important than technique

Common fatal mindsets:

- Losing makes you eager to recover quickly → leads to chaos
- Making profits makes you overconfident → reckless leverage
- Fear of missing out → chasing highs and selling lows

Remember:
The market never lacks opportunities; it only lacks you still being in the game.


5. Practice with small funds, don’t gamble your life savings

- Start with small positions for a few months to verify your system
- After consistent, stable profits, gradually increase your capital
- Don’t use living expenses, loans, or borrowed money for trading


6. Finally, condense it into a simple mantra

Small size, stop loss, follow the trend, trade less, review.
By doing these five points, you already surpass over 90% of traders.