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Ask the stock market gods, what good suggestions do you have for stock market novices?
Gann's 28 Iron Laws

1. The risk of each transaction can never exceed 10% of the principal risk, that is, 10% of the principal of the transaction is taken as the stop loss standard. I need to add some words in brackets in order to set up stop loss protection. )

2. after entering the market, don't blindly close your position because of lack of patience. It takes time for the market to develop, so be patient and confident before the market has no evidence to prove that your operation is wrong.

3. Use the stop disk carefully to reduce the possibility of mistakes in each operation. The establishment of stop loss disk needs skill, and skill comes from experience and technology.

4. Don't over-trade. For example, an enlarged transaction beyond one's own ability. (The leverage is too high, and borrowing money for stock trading belongs to this category.)

5. Avoid profit-taking, that is, use technology and experience for proper supervision.

6. Never trade against the trend.

7. If the market situation is unknown, stop the operation immediately. (If you make money by shorting futures and making money by doing more, but you can't make up for it now, and you have neither chosen to break through nor broken your position, then don't move. )

8. Trade only in active markets.

9. Only two or three commodity varieties can be traded at the same time. Personal energy is limited, too much to take care of. Don't buy too many stocks.

10. Never do limit trading at a critical moment, or you may lose big because of small.

1 1. After making a profit, take part of the profit for future use. (It is recommended that this must be done)

12. After the operation is correct and profitable, never open the position at will. You can use the take-profit disk as a guarantee to boldly win more lucrative profits. (The wind sails away)

13. Don't enter the market at will for petty gain.

14. Never add dead chips. In other words, the losses are not averaged. The first time you lose money by betting, there will be dead chips, which means that you may misjudge the market trend, and if you continue to overweight, you will only lose more.

15. The trading method of winning little and losing much should be completely quit.

16. After entering the site, the suspension cannot be cancelled at will.

17. Don't trade too many times. The development of a trend market needs corresponding forms, which takes time. In a year, the number of times to enter the market is limited, so it is not advisable to operate too much, that is, to avoid frequent entry into the market.

18. homeopathic operation, that is, trading according to market changes.

19. You can't buy because you are greedy, and you can't sell because you are afraid of heights. Everything depends on the characteristics of trends and stages.

The price is determined by the market, and it can only be discovered later. Speculation is absolutely out of the question.

20. avoid adding positions after the transaction is successful, that is, avoid additional costs.

2 1. Choose a commodity that has risen sharply for pyramid buying, and short selling is the opposite.

22. When there is a problem, immediately close the position and avoid locking the position. Locking a warehouse is an unwillingness to admit mistakes. In the capital market, it is normal to lose money and gain money. If you make a mistake and refuse to admit your mistake, it will lead to greater losses and miss the next profit opportunity.

23. Don't change from a good position to a short position. Every transaction must go through a detailed and careful plan, and it can only be operated after the reasons are sufficient and the conditions are met.

24. Don't increase the price at will when you are comfortable in buying and selling. At this time, you are most likely to make mistakes.

25. Never predict the top and bottom of the market. Everything is decided by the market itself.

26. Don't trust other people's opinions. The market is changing rapidly, and a person who has no opinion is not suitable to live in it, not to mention that other people's views are not necessarily correct, so other people's views can only be used as a reference.

27. It is not good to go wrong in the market, and it is not right to go wrong in the market. Both should be avoided.

28. When you make a mistake, please read the above regulations carefully and take this as a warning, then your investment skills will definitely enter a new realm.

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Some things have long been summed up by predecessors in practice. Naturally, it depends on principles and discipline, and the above must be remembered.