A wake-up call! A compilation of 20 insights from an A8 trader, each word is a gem!

Point one: If I'm wrong, I must quickly extricate myself. As the saying goes, where there is life, there is hope. I must preserve my strength and make a comeback.

Viewpoint 2: Some traders continue to lose money primarily because of a lack of patience, which leads them to ignore trading principles. They are unable to wait for clear market conditions or a situation they can control, and thus impulsively enter trades.

Point 3: No matter when you face setbacks, it will be hard for you to feel good. Most traders, when they incur significant losses, always hope to recover immediately. As a result, they increase their trading volume, wanting to reverse their disadvantage in one go. However, once you do this, it is equivalent to being doomed to fail.

After suffering a blow, the right approach is to immediately reduce your trading volume or stop trading altogether. What you need is not to earn back money to cover your losses, but to regain your confidence in trading.

Point Four: If the number of market conditions that meet the profit trading principles becomes fewer, you must wait patiently. When the market trend is completely opposite to your prediction, you should choose to exit.

Point Five: You must hold onto your good cards and reduce your bad cards. If you cannot hold onto the good cards, how can you compensate for the losses caused by the bad cards?

Many profitable traders end up losing all their earnings because they lack the patience to hold onto their profitable positions, while being unwilling to stop trading when they are losing money.

Viewpoint Six: A common mistake many traders make is trading too frequently. They do not carefully select the appropriate trading opportunities and feel compelled to trade whenever they see market fluctuations, which undoubtedly forces them to trade instead of patiently waiting for good trading opportunities.

Point Seven: The reason why experts can profit is that they have patiently done a lot of work before entering the market.

However, many people become complacent about trading once they make a profit, starting to trade more frequently. The subsequent losses can overwhelm them, leading to substantial losses, and they may even lose their initial capital.

Point Eight: The worst trades come from impulse. The most destructive mistake in trading is being overly impulsive. Everyone should act based on established trading signals and never hastily change trading strategies due to momentary impulses. Therefore, avoiding impulsiveness is the first element of risk control.

Engaging in trading requires learning to control risks. You need to be prepared for the worst-case scenario. Therefore, it is essential to operate with small amounts and keep each loss within 1% to 2% of your capital.

Point Nine: Learn to stay calm when trading. Traders are like rubber boxers; the market can hit hard at any time, and you must remain calm. When you incur losses, it indicates that the situation is unfavorable for you. Don't rush, take your time.

You must minimize your losses and maintain your capital as much as possible. When you suffer significant losses, your emotions will undoubtedly be greatly affected. You must reduce or stop trading, take some time off, and then consider your next trade.

Point Ten: Whether you have suffered significant losses or made substantial profits, you must maintain a calm mindset, persistently analyze every trade daily, and check for any violations. Reflect on why successful trades worked and thoroughly self-examine the reasons behind unsuccessful trades. Therefore, if you want to consistently perform well, you need to pay close attention to every single trade.

Viewpoint 11: Most people are aware of trading principles, but true experts are those who steadfastly execute these principles even when extreme market conditions arise.

Point twelve: The reason why experts have a high profit rate is that they usually fear the market. The fear of market trading forces them to carefully select their entry timing. Most people do not wait until the market is clear before entering; they always venture into the forest in the dark, while experts always wait until dawn to go in. They do not predict the direction of market changes before the trend starts but let market fluctuations inform them of the direction of the trend. They choose to attack only when there is a foolproof opportunity after waiting, otherwise, they give up.

Point 13: Trading strategies should be flexible to adapt to market changes. The most common mistake that most traders make is sticking to a fixed trading strategy. They often complain about how the market is completely different from what they expected! Why should it be the same? Isn't life always full of uncertainties?

Point 14: Do not let the joy of profit cloud your judgment. It is essential to understand that the most challenging aspect is how to sustain profit. Once you make money, you will hope to earn even more, which can lead you to forget about risk. You may no longer question the correctness of your established trading principles, which is the reason for self-destruction. Therefore, you must always remain cautious; be very cautious when losing money and even more cautious when making money.

Point Fifteen: During the trading process, learn to practice self-restraint and fund management. Try to relax your mind while operating; if your position is unfavorable, exit the trade, and if it is favorable, hold on. Your focus should be on how to minimize losses rather than how to make more money. When your trading conditions are poor, reduce your trading volume or stop trading altogether. When trading enters a favorable situation, increase your trading volume, but never rush into a trade when you can't control the situation.

Point Sixteen: When trading, one must learn to be apprehensive, because success in this industry comes quickly and goes just as fast. Setbacks often occur when you are feeling complacent. The speed at which things can be destroyed far exceeds the time it took to build them. Some things may take ten years to construct, but can be destroyed in a single day. Therefore, one should always maintain strict self-discipline.

Point Seventeen: The vast majority of people have a strong mentality when trading, preferring to enter and exit positions heavily. Therefore, you must change this aspect of yourself. Throughout history, there has not been a single person who heavily operated without ending up failing. You must control each of your losses to within 2%.

Viewpoint 18: Trading based on charts is like surfing; you don’t need to know the reasons behind the waves' rise and fall, you just need to feel the rhythm of the waves and master the timing of surfing to become a surfing expert.

Viewpoint 19: Some people change their trading systems when they are losing money, while others do not believe in the trading system at all and doubt the signals it provides, often entering and exiting the market based on their preferences. In contrast, experts always follow the trading system; they engage in trading not for excitement, but in pursuit of victory.

Point twenty: True trading experts are not measured by how much they win in an instant, but by how long they earn and how long they live!

Let's encourage each other!