In the world of financial trading, success often stems from accumulated experience and refined wisdom. Recently, I reviewed my trading journey and deeply felt that being able to rise from the brink of two bankruptcies and accumulate assets worth hundreds of millions relies entirely on the 24 trading principles I have adhered to over the years.

Over the years, I have also fallen into various investment traps: losing half of my Position due to not setting a Stop-Loss, and excessive trading gradually depleting my Principal. However, it is precisely by internalizing these principles as instincts that I have been able to steadily improve profitability.

For beginners just entering the trading field, fully understanding and practicing the following four core principles can help avoid most common mistakes:

First, proper management of your Principal is the foundation of success. It is recommended to divide your Principal into ten parts, using only one part for each Trade. For example, if you have $100,000 for trading, your Stop-Loss per trade should not exceed $10,000. Depending on your risk tolerance, you can also split your Principal into more parts to further reduce risk.

Second, each open position must have a Stop-Loss set. You should determine the Stop-Loss level before executing the Trade. This effectively protects your Principal and prevents impulsive trades from putting you in a passive position.

Third, avoid over-trading. Frequent trading not only violates money management principles but also increases the likelihood of Losses. Patience and waiting for the best trading opportunities are crucial.

Finally, do not let profitable trades turn into Losses. This requires timely adjustment of your Stop-Loss to protect the profits already gained.

By following these principles, you will be able to steadily progress in the trading marketplace and gradually accumulate wealth. Remember, successful trading requires not only skills but also discipline and patience. Through continuous learning and practice, you can find your own path to success in this field full of opportunities and challenges.