As a seasoned trader, I really don't want to go into a long-winded discussion. Here are a few simple points summarized:

1. Develop a trading system with a high win rate and a low payoff ratio. You can consult with veterans, but in the end, it depends on yourself, because different personalities lead to different trading strategies.

However, the core remains the same, that is, trend trades are easier to make money.

2. When a trading signal that fits this system appears, execute it decisively, and don't do anything that doesn't fit. Mastering one move can make your return rate outperform 90% of people.

It's not because you are so powerful, but because more than 90% of people do not have a pure trading system, and they trade entirely on feelings. If the result is a series of losses, it will cause a devastating psychological blow. Once emotions get out of control, and you want to turn the table immediately, the nightmare begins.

3. Capital management. Good trading positions usually have small stop losses, and each loss is controlled between 2%-5%.

4. Repeat the above three points and persist. In fact, the most difficult thing is not how difficult the matter itself is, but it is very difficult to persist in doing one thing, which is also the essential difference between successful and unsuccessful people in the world.

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Many people are not successful, not because they are stupid, but because they are inconsistent, or they are indecisive, looking at the other mountain while standing on this mountain, and cannot maintain their original intention. We can have a beautiful outlook for the future, but never forget to take every step in front of us.On the issue of stop-loss, which is a matter of survival and even more a matter of whether one can make a comeback in the future, I will add a few simple remarks, but the specifics still depend on your own honing.

First, establish the trading framework with a top-down perspective, starting with a macro view of the larger time cycles. For instance, look at the structure of the K-line from the daily, four-hour, one-hour, fifteen-minute, and five-minute charts in descending order.

As everyone knows, trading is probabilistic with no certainty of a hundred percent. The highest probability occurs when all time cycle charts are consistent in direction, meaning that from the daily to the five-minute chart, all moving averages are arranged in a bullish or bearish formation. The stronger the resonance, the higher the accuracy.

After a while, when you are familiar with the structural changes, you can also break down some smaller market movements. Since they are minor, do not be greedy.

For those above the four-hour level, usually hold for more than two days, and for those below the one-hour level, generally exit within a day. The stop-loss point depends on the time cycle you are working with. For beginners, it is recommended to work with the one-hour or four-hour cycle, as the trading frequency is lower, and the less you trade, the fewer mistakes you make.

As for the number of stop-loss points, if you are using tangents and trend lines, the stop-loss will not be much. The key is not the number of points, but the proportion of the loss amount of this stop-loss to the total amount.

For example, with a 500x leverage, if you trade 1 lot of the British pound with a margin of 200 USD and lose 100 points, it is 100 USD. Your principal should be around 5000 USD, and this loss ratio is 2% of the total amount. If this trade unfortunately loses, then the stop-loss for the next trade should be 2% of 4900.

This is just a simple issue of capital ratio. Before placing an order, you must also care whether the profit and loss ratio of this trade is appropriate. In fact, the trading framework and resonance issues mentioned earlier, whether this entry position is suitable or not, and how likely this order is to succeed, do you have an assessment?People who consistently make profits never think that trading is like flipping a coin to bet on heads or tails, with a 50% chance each. This is completely wrong. Based on fundamentals, market structure, and success rates, it is absolutely possible to distinguish between different levels of quality.

Markets with a success rate of over 90% have always existed, but they are not frequent. It requires a lot of review and actual trading operations to summarize a set of core systems that suit oneself.

When it comes to trading, do not follow the crowd blindly; instead, try to uncover the truth for yourself. In the trading industry, there are many people with terrifying returns, but they are just too lazy to argue.

To be honest, as trading progresses, it becomes simpler and simpler. Follow the trading system that you have refined, and everything becomes a mechanical process.

Which markets to give up directly, and which markets to enter decisively, among the vast waters, only take a ladle to drink, clear and clear. Even if you don't quite understand the economic fundamentals, pure technical traders who focus on price action can also make stable profits.

This is because no matter which market it is, it is people who participate. Even if it is an automated trading of artificial intelligence, it is also based on natural laws and behavioral science, and there is also a herd effect, because the trend is unstoppable.