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Three years ago, my two brothers were so anxious about 3,000 U that they couldn't sleep. Now, each of their accounts holds 30 million. Looking back, their biggest flaw was one word: impatience.
Whenever the market moved, they wanted to jump in; seeing others make money, they got itchy; losing money, they immediately wanted to recover it. The result was slow gains and quick losses, with emotions exploding every day.
The real turning point was when I set a strict rule for them: no trades that they would regret if they didn't make today.
This is Dàyong's core trading principle:
1. Trade infrequently, no more than twice a day. When there’s no suitable market condition, stay in cash peacefully and avoid blindly following the trend;
2. Only aim for "certainty" in profits, avoid gambling on insider tips or chasing explosive rallies. Trade only when the trend is clear and follow the momentum. Although the gains are slow, losses are almost avoided;
3. Stick to the principle of capital safety, pre-judge the worst-case scenario before each trade. If you can't handle the worst, don't enter the position;
4. Take profits when the time is right. When the daily profit target is reached, exit decisively. Don’t be greedy or stubborn in the market.
First, exclude cases of pure gambling or emotional outbursts. If you're trading according to rules but still frequently hitting stop-losses, the problem is likely not the market but yourself.
The biggest issue for many is: wanting to catch everything.
They want to trade breakouts, but also don't want to miss pullbacks. Theoretically, participating in both seems to offer more opportunities, but in practice, it exposes you to two sets of risks simultaneously.
Breakouts can easily be false signals, and pullbacks might turn into trend reversals. Doing both is like stepping into every trap.
Next, there's the problem of indicators.
MACD, moving averages, Bollinger Bands... The more you learn, the more signals you get, making it seem more "comprehensive." But in reality, it becomes more chaotic.
Each indicator is based on a set of logic, but when you combine these logics in your trading, you're essentially increasing your trading frequency rather than improving your win rate.
First, exclude cases of pure gambling or emotional outbursts. If you're trading according to rules but still frequently hitting stop-losses, the problem is likely not the market but yourself.
The biggest issue for many is: wanting to catch everything.
They want to trade breakouts, but also don't want to miss pullbacks. Theoretically, participating in both seems to offer more opportunities, but in practice, it exposes you to two sets of risks simultaneously.
Breakouts can easily be false signals, and pullbacks might turn into trend reversals. Doing both is like stepping into every trap.
Next, there's the problem of indicators.
MACD, moving averages, Bollinger Bands... The more you learn, the more signals you get, making it seem more "comprehensive." But in reality, it becomes more chaotic.
Each indicator is based on a set of logic, but when you combine these logics in your trading, you're essentially increasing your trading frequency rather than improving your win rate.