Successful trading is inseparable from a set of proven principles.

Here are eight important trading principles:

1. Focus on a time frame:
Choose a time frame that suits you and focus on the trading strategy within that frame to avoid frequently switching time frames, which may lead to confusing decision-making.

2. When indecisive, close the position and wait and see:
When you feel hesitant about the market direction or trading strategy, choose to close your position and wait and see to avoid losses caused by blind trading.

3. Select active markets:
By trading in active and liquid markets, you can increase transaction speed, reduce slippage costs, and achieve a better trading experience.

4. Avoid holding positions overnight:
For transactions with higher risks, try to avoid holding positions overnight to reduce overnight risks and improve capital utilization efficiency.

5. Lock in profits:
When market conditions are favorable, profits must be locked in time to avoid profit taking.

6. Control losses:
No trading strategy can guarantee profits, so we must focus on controlling losses and keep each loss within a tolerable range.

7. Seize big opportunities:
The most profitable trades are often trend trades. You must seize the market trend and use take-profit strategies to maximize profits.

8. Evaluate system effectiveness:
When the system retracement exceeds 30%, it is necessary to evaluate the trading system, analyze the reasons for its failure, and make improvements or adjustments.

Following the above principles can help you improve your trading success rate and reduce risks.

In addition, you need to pay attention to the following points:
Make a trading plan and strictly implement it. Continuously learn and summarize trading experience and improve trading skills. Maintain a good attitude and control emotional trading.