1. Make a plan for your transaction; execute the transaction according to your plan.

2. Hope and fear are the two biggest enemies of speculators.

3. Keep records of your trading results.

4. No matter how much you lose, maintain a positive attitude.

5. Don’t be overconfident – ??it can become your worst enemy.

6. Keep setting higher trading goals.

7. Setting stop loss is the key to success for many traders - limit your losses!

8. The most successful traders are those who do long-term trading.

9. Successful traders buy when the news is bad and sell when the news is good.

10. Successful traders are not afraid to buy when the price is high and sell when the price is low.

11. Successful traders plan their time effectively for market research.

12. Successful traders set profit goals for every trade they make.

13. Don’t ask for opinions everywhere before entering the transaction - facts are valuable and opinions are worthless. Simply put, successful traders are not swayed by the opinions of others.

14. Continuously strive for patience, perseverance, determination and rational behavior.

15. Never exit the market because you lose patience, and never enter the market because you can’t wait.

16. Don’t enter and exit the market too frequently.

17. The best way to make money is to follow the trend.

18. Do not change your position in the market unless there is a good reason. Every time you make a trade, you must have a valid reason or a clear plan; thereafter, do not exit unless there are clear signs of a change in trend.

19. Losing money cannot make a profit, but it can make speculators study carefully. Take advantage of every opportunity to lose money and improve your understanding of market behavior.