1. Many traders will be more profitable if they:
  • Focus on medium to long term trends instead of trying to catch short term waves
  • Trading in an advantageous system can be won in the long run
  • Trading according to the signals of the system, not according to personal opinion or emotion
  • Use reasonable order sizes commensurate with account size and risk appetite
  • Trading their system with the highest discipline: mandatory entry when there is a signal, and not allowed to enter orders when there is no signal. In addition, it is necessary to comply with the principles of order management, moving SL, and take profit
  • Consistently trade all orders, 100 identical orders are no different from orders, and do not suddenly change the way of entering orders.
  • Eliminate all news, comments, or predictions from other sources
  • Take trading like running a company, and trade with extreme caution - Steve Burns, professional trader

2. 10 of the scariest dangers of trading:
  • Overconfidence
  • Cupid
  • Stubbornness
  • Gamble
  • Stupid
  • Illusion
  • Revenge trading
  • Can't control yourself
  • Fear of missing out
  • Hopefully, a losing trade will return to breakeven
3. " Charts are not what gives me the edge, but risk management. I have the advantage of discipline, patience, and persistent repetitive entry " - Peter Brandt, legendary trader


4. If you feel stress from trading then you are too focused on your past losses

If you feel stress from open positions you are trading with too much volume

If you feel confident about your trading, you have a real advantage - Steve Burns

Market price action is understandable only when it has happened, but we have to trade it as it moves into the future - Steve Burns Oct 6 '12 at 21:19


6. The chart patterns can show us the path of least resistance of the current price, and sometimes it's just sideways.

7. Long-term traders with low frequency can completely beat the high-frequency traders.

8. trade when the bar is closed, don't trade while the price is still moving

9.Wider stops can give you a higher win rate, but in return, you have to accept lower profit potential.


10. Excessive entry is the number 1 reason for errors in placing orders. Check the numbers carefully: entry point, stop loss, take profit and press the button.