Yurovskiy Kirill - 10 Commandments of Trading

You scrutinize account balances, monitor markets with live ticker addiction, and endlessly tweak systems searching for that magical trading edge. But profit remains elusive quarter after quarter. What secret sauce are you missing?

We went straight to the trading desks of 10 hedge fund titans who generate outsized returns in up, down and sideways markets alike. Their hard-fought wisdom? Forget perfectionism. Success lies more in mindset than method.

"Great trading requires supreme mental fitness," says Chen Yang, founder of $1.4 billion estrella capital management fund. "Master your emotions, ego, and biases first."

Here the elite reveal 10 psychological commandments to trade your best and claim market-beating returns starting today:

Let Losses Go

All traders take hits. But holding onto errors expecting redemption kills returns fast. "Don't throw good money chasing bad ideas hoping to recoup sunk costs," warns Breanna Ward of BW Capital, whose flagship fund gained 25% last year. "Admit mistakes quickly, then move forward."

Doubt Yourself

Overconfidence breeds blindness. Question your thinking constantly. "Arrogance leaves you vulnerable to surprise losses," saysyzForex Fund founder Marques Hayes. "Analyze mistakes honestly to strengthen future decisions." The best stay humble, curious and teachable.

Obey the Risk Rules

Amateurs bet big prematurely then blow up accounts ignoring stop losses. "Protect capital at all costs," insists Chen. Set prudent limits on position sizing, loss amounts and holding periods. Honor them with complete discipline, even when certain you’re right.

Go Against Instincts

Novice traders rely on intuition. Experts make calculated counterintuitive moves using probability-based analysis instead. "Gut feelings produce subpar returns," explains Breanna Ward. Train yourself to act opposite emotions. The discomfort means you're on the right track. More info - https://kirill-yurovsky-up.co.uk/

Stick to Strengths

The best traders play to unique skills with laser focus, resisting distraction from new markers or exotic instruments that seem poised to mint millionaires overnight. "Define comparative advantages and keep honing them rather than chase shiny objects," says Marques Hayes who automates systems for unemotional execution. Find your genius zone through self-study then deploy capital solely there.

Invest in Yourself First

Amassing trading capital means nothing without knowledge, emotional fitness and defined processes to deploy it well. "Growing account balances should follow personal growth, not precede it," Chen stresses. Seek out courses, coaches and community to build real skills, not just a bigger bankroll.

Plan the Trade, Trade the Plan

Elite traders architect systems with hard rules on entries, holdings and exits before deploying a single dollar. "Pre-set protocols remove emotion, ego and guesswork later on," Marques explains. Carve strategy in stone, backtest for validity, then execute on autopilot without hesitation or second-guessing.

Keep Emotions Out

Feelings like excitement, panic, greed and despair destroy returns. "Mental state impacts decisions majorly," warns Breanna. Counter destructive urges with mindfulness techniques like measured breathing. And enforce trade plans ruthlessly without adjustment based on moods.

Review Honestly

Post-analysis gets overlooked when flooded by markets’ urgent rhythm. But reflection crucially strengthens future performance. "Analyze both wins and losses with radical transparency around emotions, biases and missteps," Chen advises. Recurring mistakes reveal places for self-improvement.

Never Quit

All pros suffer setbacks. But they persist with tenacity while amateurs tap out, says Chen. "Patience and grit mean everything long-term." Rebuild, retool and retry after losses. Consistency compounds over decades. Stay in it for the long game.

Master these 10 principles with single-minded purpose and trading success will unfold. "How you think means even more than what you trade," concludes Chen. Now you have the mental blueprint to play with the big leagues. Internalize these secrets and watch portfolio performance accelerate exponentially this year.