1, a trading system, is fixed to some extent. Because we want to keep the consistency of the transaction, what kind of signal to place an order and what kind of signal to close the position, these two sentences are so meaningful. So please remember the first rule: you must ensure the consistency of your system signal. Because we want to make the book profit greater than the book loss, the rest is pocket profit. What we don't know is whether the next signal is really accurate, so we must keep the consistency of the transaction.

2. However, many people cling to this consistency, which involves the next problem: defects. Whether you admit it or not, I bet you that there must be huge defects in your initial system, which may endanger the security of your account; Please note that I am talking about the initial system. Why do you say that? Because a consistent trading method can't guarantee you to avoid risks, you may get considerable benefits in a period of time, but when the trend changes the existing model, such as from consolidation to unilateral, or even more terrible, from consolidation to seemingly unilateral, it is actually a broader consolidation trend; Can your initial system still guarantee profitability? Of course not, otherwise it wouldn't be called initial. There are two systems: consolidation system and trend system. So far, I haven't seen anyone's system take care of both trends at the same time. The defect of consolidation system is unilateral, and the defect of trend system is the consolidation that tortures your painstaking efforts bit by bit. So the real trader will choose one set according to his own personality, and then he will complete the remaining two systems: what kind of signals are prepared to enter the market and what kind of signals are used to avoid risks. The consolidation system must have a limit value to avoid possible unilateralism, and the trend system must also have a limit value to avoid repeated false signals during consolidation. This question is a real threshold. The best answer I can give now is to use price to avoid the defects of consolidation system and time to avoid the defects of trend system. This answer is just an idea, for reference only. However, one thing is certain, that is, consolidation and trend alternate. Please remember the unchangeable second rule: the amplitude of price fluctuation, like the transmission of waves, always advances in expansion and contraction. What the trend trading system should avoid is price contraction, while the consolidation trading system should avoid price expansion. At the same time, it also sends you another signal: for a period of time, the frequency of price operation is fixed, and leaving this fixed frequency means that the trend is changing: acceleration, deceleration and consolidation. For trend traders, acceleration and deceleration are indifferent things, but consolidation is not so good. The specific operation varies from person to person, please figure it out by yourself.

3. The unchangeable third rule: greed will kill people, and so will satisfaction.

The market is a collection of human nature, which rises and falls in this greed and satisfaction. Two seemingly contradictory qualities actually exist in each of us: greed, fear, excitement, satisfaction and comfort; But in any case, the disharmony between these two points has caused some situations in which we can't really stick to our thinking before admission and see clearly when we are awake.

In a wave of rising, should we make profits as soon as possible, or should we ignore the possible big and small repetitions and move towards greater goals? When the order loses money, should it stop immediately or firmly believe that the price can come back? Is this just a different idea?

Perhaps you have found that many times no matter what you do or how you change sides, the result is that you are wrong. The leveled profits continue to rise, but the neglected ones have repeatedly created fair prices, and the prices after the stop loss have skyrocketed. I firmly believe that washing dishes really changes hands at a high level ... All this depends on your own thinking, and your personality is different, but if you want to stabilize profits and adhere to the system, all we have to do is pay attention to the balance between greed and satisfaction. Excessive excitement on either side will bring you unspeakable troubles.

These three are unchangeable and have stood the test for hundreds of years. You can find their shadow from the reality of successful or failed traders in any era. Whether the fluctuation is 100 o'clock or 10 o'clock a day, whether you use a computer or a paper tape quotation machine, they have not changed.