Eight Commandments of Trading: Listen and Follow, Save Three Years of Detours

Trading is never a game of chasing hot spots, but a practice of guarding your heart. These eight iron rules are lessons learned from countless pitfalls. Listen and follow, and you can save three years of detours in the market, establishing a solid foundation.

First Commandment: Let go of the obsession with endless opportunities.

The market never lacks opportunities; what it lacks is the discipline to hold on.
Of a thousand waters, only one cup is enough. Don't covet daily limit-ups,
Don't let unfamiliar sectors lure your mind away.
Stick to your own trading system; trade only what you understand.
Those who crave everything will ultimately fall prey to the market.

Second Commandment: Let go of the restlessness over intraday fluctuations.

The excitement of the market lies in trends, not in minute-by-minute ups and downs.
Those small moves of a few cents or pips are just market noise—hard to catch and energy-draining.
Give up the urge to scalp frequently; patiently wait for big trends to arrive.
Frequent buying and selling will only shrink your account balance.

Third Commandment: Let go of the madness of over-leveraging.

Position size is the lifeline of trading, not a casino chip.
Don't entertain the thought of going all-in; don't let greed dictate your position.
The market never pities reckless gamblers. Over-leveraging always leads to massive drawdowns, or even total loss.

Fourth Commandment: Let go of blind faith in indicators.

MACD, KDJ, moving averages are tools, not magic keys to predict the market.
The more indicators you pile on, the more confused your thinking becomes.
The more you tweak parameters, the more distorted your judgment.
Simplicity is the ultimate sophistication. A simple trading system that suits you is far more effective than a complex stack of indicators.

Fifth Commandment: Let go of the trap of insider tips.

There are no free lunches in the market, only traps hidden with knives.
Those "inside news" circulating in groups are merely setups by big players.
Those who trust such tips either buy at the top or sell at the bottom, becoming the prey.

Sixth Commandment: Let go of the laziness of relying on experts.

Others' analysis is a reference, not the steering wheel of your trading.
Listening to countless expert opinions is no match for your own judgment.
The market changes in an instant; no one can bear your losses for you.
Only by building your own cognitive system and making independent decisions can you stand firm in volatility.

Seventh Commandment: Let go of the stubbornness of holding losing positions.

Stop-loss is not surrender; it is the wisdom to protect your capital.
Hoping for a turnaround when floating in loss will only turn small losses into a bottomless pit.
The market will not reverse because of your stubbornness. Timely stop-loss preserves your strength for the next opportunity.

Eighth Commandment: Let go of the arrogance of floating gains.

Getting cocky after making money will sooner or later lead to a big fall.
Greed during profits is more dangerous than fear during losses.
Keeping profits is a hundred times harder than cutting losses. The more your account is in the green, the more you must restrain your trading hand, strictly follow take-profit rules, and don't let profits evaporate into nothing.

The ultimate practice of trading is to fight against your own greed, restlessness, and stubbornness.
Abide by these eight commandments—be calm, not greedy, not impatient—and you will walk steadily and far in the market, slowly accumulating wealth that belongs to you.
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