Today I would like to share with you the 5 'rules of not opening positions' that must be adhered to in gold trading. Each one is a summary of lessons learned and should be remembered:
**First, do not open a position at key levels.**
You must wait until the price reaches key support or resistance levels in the trend before taking action, avoiding random trading in 'no man's land'.
**Second, do not open a position if the trend has not broken.**
Want to bet on a trend reversal? You can, but you must patiently wait for the price to truly break and confirm before entering the market. Do not gamble on 'possibilities'.
**Third, do not open a position if the signal has not appeared.**
If the signals in your trading system—whether they are K patterns, indicators, or combination conditions—are not fully met, do not enter the market resolutely.
**Fourth, do not open a position if the stop-loss is unclear.**
If you cannot find a clear stop-loss position before opening a trade, and do not know where the risk point is, it is better not to make this trade.
**Fifth, do not open a position if the stop-loss is too large.**
If the stop-loss for this trade is significantly greater than the potential profit, making the risk-reward ratio unreasonable, and the risk is clearly higher than the reward, such a trade is not worth participating in.
**In summary:**
In trading, it is not about skill but discipline in the end. How many of these 5 'rules of not opening positions' can you truly adhere to?