Stick to your trading plan and don't let emotions lead you—this is something I remind myself every day in front of my screen.

Controlling drawdowns is the key to wealth growth, and this point cannot be emphasized enough.

Let's take the last trade as an example. Less than an hour after buying, I decisively cut my losses. Some people think that's a slap in the face? Laugh if you want. But I would rather be ridiculed than stubbornly hold on until liquidation. The market will not turn around just because of your stubbornness; you must never hesitate to cut losses when it's time — that is the survival rule to stay alive.