1. When we invest in stocks, we should regard ourselves as business analysts, not market analysts, securities analysts or macroeconomic analysts.
2. There are endless things to worry about. Avoid the weekend doom and gloom and ignore the bold latest predictions from stock analysts. You have to sell a stock because the company's fundamentals have deteriorated, not because the sky is falling.
3. Every novice will learn from his own lessons, and the wise will benefit from the help of a professional team!
4. Own a stock and look forward to its next move. It would be foolish to go up in the morning.
5. We also have greed and fear, but we are greedy when others are fearful and fearful when others are greedy.
6. The chain of habit is always too light to be noticed before it is so heavy that it breaks.
7. You should never make the same mistake, because there are many other mistakes you can try!
8. If you operate too much, even if you are correct about the market, you will still fail. .
9. Article 1: Preserving the principal is the most important. Rule 2: Never forget Rule 1.
10. Let profits grow fully and minimize losses. It is impossible for traders to be right about every market trend. Therefore, if they are right, they should keep holding positions and try to fully expand profits. When they are wrong, they should admit their mistakes in time and stop the transaction with a stop loss, so as not to hurt their muscles and bones, and keep the profits. The mountains are clear and there is no need to worry about running out of firewood.
11. Admitting a mistake is something to be proud of. I can admit my mistakes. It would be a shame to know my mistakes but not correct them.
12. We welcome market declines because they allow us to pick up more stocks at new, panic-inducing bargains.
13. There are unlimited market opportunities. If you are not sure, don’t force yourself into the market.
14. Trade in the direction of the trend. In a market that has formed a trend, we should try to buy or sell in this direction after making a good judgment. Do not go against the current for small profits, which is the so-called counter-trend operation. You will lose a lot because of a small gain.
15. Defeat yourself, not the market, because the market is always right.