Trading First Priority

1. Fund Management: Divide into 10 parts, never risk more than 10% loss at a time
2. Set stop-loss when opening a position; create a table and record
3. Do not overtrade; be patient and wait for the best opportunity
4. Prevent unrealized gains from turning into unrealized losses; set breakeven stop-loss after price increases
5. Do not fight the trend; avoid trading when the trend is uncertain
6. If in doubt, exit and observe
7. Avoid trading with low liquidity
8. Diversify risk; do not put all your eggs in one basket
9. Do not always use limit orders; sometimes market orders are necessary
10. Do not open or close positions casually without sufficient reason
11. Exit positions in batches; move profits to a reserve account
12. Never average down; do not keep adding to losing positions
13. Be patient; avoid rushing and leaving due to impatience
14. Do not take small profits and large losses; once stop-loss is set, do not cancel it
15. Avoid frequent entry and exit; open positions carefully
16. If very bullish, go long; ensure trading trend is consistent
17. Do not buy at low prices; do not sell at high prices
18. Pyramid adding: break resistance levels before adding remaining unentered positions
19. Choose small caps for long positions, large caps for short positions
20. If your position size is wrong, do not hedge; cut losses and exit, wait for the next opportunity