1. Always trade varieties and cycles where you have absolute information asymmetry or model advantages. It is better to make 3 trades in a week than to find reasons to place orders every day. No advantage = giving away money.

2. Your account must be able to withstand 20 consecutive full-stop losses at any time without blowing up; this is a hard threshold for stable profitability. Position size = account balance ÷ (20 × maximum stop-loss amount per trade).

3. Before entering each trade, you must clearly write three sentences in the trading system: objective reasons for going long/short, stop-loss price, and initial take-profit target. If you cannot write it out, do not place the order; once you develop this habit, nothing will pull you into random trading.

4. True risk control is not about stopping losses, but about 'refusing to trade.' It is normal for there to be 5 days in a week when one should not trade; in a year, there are usually no more than 15 real good opportunities.

5. Controlling the maximum loss per trade to within 1% of the account is not the best risk management; the best is within 0.5%. 1% is merely the psychological upper limit that retail investors can accept, not a professional standard.

6. You should never calculate the risk-reward ratio in advance. At the very least, you should be completely indifferent to the potential risk-reward ratio when opening a position, only caring about 'am I willing to unconditionally take this position at this price for a lifetime?' Only at this level of low-risk entry point will the risk-reward ratio naturally be greater than 3.

7. The core of reviewing trades is not to find out how to earn more next time, but to identify why you almost made the same mistakes again this time. Repeating the same mistake three times means you should permanently delete that trading system.

8. A trading system must meet the following four conditions to be considered mature:

- Any three consecutive years in the past decade have been profitable

- Maximum drawdown has never exceeded 20%

- Annual return ≥ 15%

- You can fully execute according to the system without increasing positions or closing early when a family member is sick

Missing any one of these is immature.

9. The longer you watch the market, the easier it is to fail. Professional traders do not spend more than 90 minutes of effective watching time each day; the rest of the time, they must stay away from the market. 99% of those who stay up late watching the market will eventually turn their accounts into monthly candlestick level bottoms.

10. The last point is also the cruelest one:

You can find at least 50 identical failure patterns in the historical candlestick chart for every trade you have ever blown up or suffered huge losses. The reason you keep making the same mistakes is that you do not believe you can be that foolish. But the market will repeatedly prove that you are indeed that foolish until you completely recognize yourself.

Feige's Binance chat room: https://www.maxweb.academy/groupList?chatId=1syze5&source=squareProfile