Trading in financial markets is an art that requires wisdom and the accumulation of experience. Here are some core principles that every trader should keep in mind:
1. Avoid holding onto positions too tightly. The profits gained from maintaining a wrong stance will eventually be reclaimed by the market.
2. Give up predicting extremes. Profits based on guesses will ultimately vanish due to this uncertainty.
3. Recognize the unpredictability of the market. When you think you have reached the bottom or the top, it may just be the halfway point.
4. Do not rely excessively on news. Overemphasis on
View Original1. Avoid holding onto positions too tightly. The profits gained from maintaining a wrong stance will eventually be reclaimed by the market.
2. Give up predicting extremes. Profits based on guesses will ultimately vanish due to this uncertainty.
3. Recognize the unpredictability of the market. When you think you have reached the bottom or the top, it may just be the halfway point.
4. Do not rely excessively on news. Overemphasis on