Ten rules of thumb for myself, to read every time I want to open a position

1⃣️ Win rate is always more important than odds.
2⃣️ If you're on the right path, you don't have to achieve everything in one go.
3⃣️ There are four types of people who can make money in the stock market: the lucky ones, the actuaries, the market makers, and the top players who can see through people's minds.
I have extremely bad luck, no capital, and slow reactions, so I can only focus more on basic factors.
4⃣️ Heaven will not let down those who are courageous, patient, and cautious.
5⃣️ Buying small cap stocks and junk stocks is the most dangerous. For long-term holding, you should buy leaders or ETFs. Leaders are more aggressive, while ETFs capture the dividend of the industry, far more cautious than being stuck on small cap stocks. Let me give an example, hood and Coin. When Hood was $24, Coin was over $150. Now Hood is close to $120, and Coin is still over $150. Leading stocks not only resist declines but also recover particularly quickly and will be the first to reach new highs. As for sbet, bmnr, mstr, the comment section has already fallen silent.
6⃣️ Never copy others' homework, never believe in the global consensus. Consensus can completely collapse due to three consecutive bearish candles. Consensus is solid during an uptrend and most fragile during a crash.
7⃣️ The world is always changing, only the value of gold and military force is eternal. Even something as strong as Bitcoin is only called digital gold, not calling gold physical digital currency.
8⃣️ Leverage and margin financing are allowed to exist, but they shouldn't appear in the early stages. After using up all your bullets, they are the last line of defense.
When the stock price rebounds or reverses, leverage should be the first to be removed.
9⃣️ High-frequency trading is always exciting. Everyone gets immersed in the illusion that every trade is correct. This is human nature and doesn't need to be overcome. But we can use a very small position to hedge. If it rises, sell it. If it falls, hold it for the long term, provided the price itself is very reasonable.
🔟 What are the highest-quality assets? Gold, major market indices, dividend stocks, and ETFs of cyclical stocks. Basically, you are breathing and sharing fate with all of humanity. Even if it falls, it won't fall much, and it certainly won't be delisted. Why is QQQ most suitable for ordinary people to invest in? Because QQQ itself is the 100 most outstanding technology companies. Under normal circumstances, it will keep rising.
Of course, the premise of buying cyclical stocks is that they have been weak for a long time, having fallen over 30 points from their highs. This fits what Fu Haitang said, no one stays unlucky forever. At this point, it's like picking up blood-stained chips. What's the difference between a little earlier or a little later?
What cyclical stocks am I talking about? Gold, oil, pork, coal, innovative drugs, and precious metals. These inherently have high dividend payouts, and I believe they have certainty for the future and will definitely recover. Not liquor or automotive stocks, which are extremely uncertain for the future. Because I'm really not sure if people will drink liquor in the future, nor am I sure about the advantages of autonomous cars or flying cars over traditional cars. So I absolutely will not venture into areas I'm not good at, even if they are cyclical stocks that have fallen for a long time.