Top Wall Street Traders' Private Secrets: 18 Investment Rules and Practical Tips These concepts are partly derived from in-depth exchanges with senior investment mentors who have over 15 years of investment experience and stable annualized returns of 30% -40%, partly from reading a large number of professional investment books, and partly summarized from years of practical experience. Rule 1: Investment should be about taking out a portion of your reserves and watching them slowly and safely increase, rather than using hard-earned money to create losses in the market through high-risk bets. Rule 2: Never assume that you can recoup assets that were previously lost due to bad investments. Rule 3: Identify the difference between investment and speculation. Many speculative activities should be considered more of an entertainment activity compared to other behaviors - just like walking into a racetrack should be an experience of seeking excitement for many people, rather than truly wanting to make money. Rule 4: No one can predict the future. Many retail investors purchase various indicators, investment tools, expensive paid groups, and stock reviews in the media. No field in life can be accurately predicted. If you believe that people can reliably predict the next trend of the market, ask yourself, why does such a person still discuss the latest popular stocks in the media in an attempt to increase exposure? Why do they waste time telling you these things instead of leaving and making money on their own. Rule 5: No one can accurately grasp market timing. Actually, when the wind comes, even pigs can fly. But after the wind passed, the pig still fell to death! So just follow the trend, seize the opportunity, and wait for the opportunity. Rule 6: Past performance does not guarantee future results. The same principle applies to both listed companies and their own profits. Rule 7: Do not use leverage. Using leverage in your investment is simply losing everything you have in the fastest way possible. Rule 8: Do not let others help you make decisions. We mentioned in Rule 4 that no one can predict the future. Once you learn to ignore all the noise in the market, investing becomes very simple and easy to operate. Always remember that no one cares more about your funds than you do. Rule 9: Never do anything you don't understand. Don't let your arrogance lead you into fields that you know little or nothing about. Rule 10: The best long-term investment strategy can typically withstand the harshest market conditions without causing significant losses, and regardless of what happens in the market economy, it can help you increase funds. Rule 11: Set aside a portion of your budget to enjoy life. 10-15% of income or salary is used for tourism and enjoyment of life. Rule 12: When you doubt a practice, safety comes first. If you have doubts about an investment or are nervous about a certain approach, try to take the most conservative approach possible. Rule 13: Learn to review. Review every week, month, six months, and year. Rule 14: Never be afraid to buy because the stock price/coin price is too high. Rule 15: Slow is fast, retreat is advance. Rule 16: If you are in a bad mood, stay away from the market, delete software, and go on a trip! Rule 17: Asset allocation. Stocks, bonds, gold/silver, cash, cryptocurrency (BTC). Rule 18: Long term investment, invest monthly. I hope it is helpful to everyone, and I also hope that you can supplement your own experience!