Well manage the fund and keep part of the profits as the backup cash, this is the secret weapon for successful investment

It is suggested to keep 50% of the profits of every successful transaction, especially when the profits double the capital. Put the money away separately in the bank, in the safe deposit box, or lock it in a safe money box. It's like winning in a casino. This is a good idea. Take the winning wealth from the gambling table and exchange it into cash from time to time. A big win in the stock market is the best time to do this. Cash is a secret bullet in your gun. Make sure you keep the backup cash.

Cut off the loss and keep the profits running, and you can make money through a long term

Do not confuse the strategy of "let the holding position move forward" with the trading strategy of "hold tight after buying". Who knows what will happen in the future? Things change in the world: life is changing, relationship is changing, health is changing, four seasons are changing, children are changing, and lovers are changing. How can the basic situation remain unchanged when you buy a certain stock? The basic reason for blind buying and holding is that it is a great company with strong performance, or the general economy is healthy. This kind of idea is no more than committing suicide in the stock market. As long as my position is profitable, I will completely relax and just watch the stock trend calmly. I don't have to do anything until the time to close the deal comes. The vanishing possibility of paper wealth never bothered me, because it was not my money from the beginning.