As a trader, you must have a systematic trading idea, and the basis for buying and selling must be very clear.
Elements of the trading system:
1. What to buy?
2. When to buy?
3.How much to buy?
4. When to sell?--stop loss, take profit, target price
5. What is the basis for buying and selling?
6. Defects in the system? How to improve the system?
Many people think that their trading system has no flaws. I don’t think so. Flaws are the biggest flaws. There are always loopholes in the trading system. You must understand the loopholes in your trading system, know how much trouble the loopholes will cause you, and be mentally prepared. Otherwise, you will be at a loss when an incident occurs, leading to big losses. It is precisely because of the existence of flaws that traders are more in awe of the market and move forward more steadily.
