Survival of the fittest: The trader's primary rule and ultimate discipline
First rule of trading: Protect your capital
The market is like a jungle; only the fittest survive. Becoming a top trader relies not on predicting market trends, but on following the most fundamental rules of survival.
1. Save your bullets for the real prey
· Frequent trading equals depleting ammunition
· When a big opportunity arises, you may have no funds available
· Control single trade losses (usually no more than 1-2%)
· Learning to wait outside the market is also a skill
2. Be as picky as a hunter
Top hunters do not chase every target. Before each trade, ask yourself:
1. Is the risk-reward ratio ≥1:2?
2. Does it align with my trading system?
3. Is the current market environment favorable?
Discipline collapses with impulsivity after a series of losses. Maintaining patience is maintaining strength.
3. Structured decision-making
"What is the reason for opening this position?" — Three levels that must be answered:
· Technical signals (not "I feel it will rise")
· Pre-set stop-loss/take-profit levels
· Record trade logic and emotions
4. Love the process, not the outcome
The market is uncontrollable, but the process is controllable. Successful traders:
· Trust the system rather than intuition
· Find satisfaction in each execution
· View losses as necessary tuition
· Gain freedom in discipline
Survivor's daily routine:
1. Morning planning of key price levels
2. Triple check before opening a position
3. Honest recording after market close
4. Weekly review to optimize the system
The market does not care about your dreams; it only responds to your discipline. When you stop trying to beat the market, and instead focus on overcoming your own impulses, compound interest will quietly reward your persistence.
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Protect capital, be selective of opportunities, execute the system, respect the process — this is the way of survival for traders.