• Track the activities of key players and grasp the implications of corporate events.
• Who and what factors may affect market prices? How do they affect market prices? What are their motives?
• Adjust your analysis method according to different time frames and underlying securities.
• Be sure to consider what other market participants are thinking.
• The Swiss method: treat trading objects without emotions. Objective and neutral.
• Losses: start every day with zero losses.
• Losses: be honest with yourself, or you will have to write a check to Mr. Bernard Oppetit!
• Losses: are you willing to establish a position at today's price?
• Losses: feel the pressure of fear, and avoid repeating the same mistakes.
• Objectivity does not mean that trading has no artistic elements.
• You do not need to take major risks to win major profits.
• How is the relationship between risk and return?
• Set the maximum risk level for any trade.
• Set the maximum loss amount allowed for the position.
• Break down your investment, but do not diversify beyond your management ability.
• Top traders must be responsible for themselves.
• Top traders dare to admit losses and acknowledge their mistakes.
• Dare to stay away from the crowd, and if your judgment is correct, you can boost your self-confidence.
• Use mental rather than actual stop loss.