It is said that there are national laws and family rules, and trading also has its own military regulations. Those who abide by them are supporting their families through trading, while those who betray will ruin their families. Since it is military regulations, those who violate them will definitely be punished by the market; on the contrary, those who abide by them will definitely receive gifts from the market. Today I will share these 8 military regulations with you. As long as you remember them firmly like traffic rules, they will definitely escort you safely.

1. Protect the principal. The primary task of trading is to protect the principal. The principal is the lifeblood of trading, and if it is lost, even the best opportunities will be out of reach for us.
2. No borrowing for trading. The trading market itself is a high-risk place and also the place where people are most prone to mistakes. Once using pressured funds, the mindset will become distorted, and you won't be able to perform at your normal level.
3. Continuously learn and improve one's own cognition. At any time, people cannot earn money beyond their own cognition. Those earned by luck will ultimately be lost by luck. Many people often feel confused about the market, neither seeing clearly the daily market nor knowing where to go for profit the next day.
4. Learn to be empty and wait. Being empty is to accumulate strength and prepare for the upcoming opportunities. It is the highest level of trading technique. Moreover, 90% of the time in trading is garbage time. Only by waiting through these times can we deserve opportunities.
5. Learn to do short-term trading. Trading is a game of finding treasures in the rubbish heap. The vast majority of targets have no value, so learn to enter and exit quickly, and don't linger in battle.
6. In a bullish trend, only focus on the strongest mainstream themes. In a bearish trend, either stay out of the market and wait, or only trade oversold rebounds, absolutely avoid chasing high. In a volatile market, only buy low and sell high.
Seven, add positions when you are right, stop loss when you are wrong, small losses and big profits. But many people do it the other way around. The ultimate essence of trading is to set a stop loss and take a gamble. When you are wrong, take a small loss and leave, when you are right, enjoy a good meal.
8. Mindset is more important than skills. In trading, luck accounts for 10%, skills for 20%, and mindset for 70%. Learning skills is easy, but improving mindset is difficult. Even if you have excellent skills, they cannot be fully utilized if your mindset is not good.