不战而屈人之兵

Report Core View - The highest level of cognition and ability in futures trading is to understand the essence, follow the trend, and obtain the maximum results at the minimum cost, transforming from a "fighter" to a "strategist" [2] - Traders should learn continuously, keep an open mind, and draw wisdom, not being confined to their own opinions or superstitious about a single technical indicator or trading system [3] - The core of "subduing the enemy without fighting" is the establishment and application of "momentum", which means following the market trend in futures trading and making decisions based on risk - return assessment [4][5] Summary by Related Content Comparison between Ordinary Traders and High - level Traders - Ordinary traders are like inexperienced generals, believing in the power of "fighting", frequently trading, and facing high costs and risks. Some even go all - out to recover losses and end up with total failure [3] - High - level traders are like Han Xin, willing to learn from others, waiting for the right "momentum" in the market, and making trades based on sufficient research and strict discipline [3][4] Establishment and Application of "Momentum" in Trading - In futures trading, when the long - term trend is established, the moving average system diverges upward, the fundamentals are strong, and market sentiment is optimistic, traders should follow the trend and let profits run [4] - When the trend is unclear or in a short - term pattern, forcing a long position is against the "momentum" and will be punished by the market. Traders should wait for the right opportunity [4] Risk - Return Assessment in Trading - Before each trade, traders should assess the upside potential, downside risk, and probability of success. If the risk - return ratio is not good, they can choose not to trade [5] - When there is a floating profit in the account, traders should decide whether to hold or close the position based on the trend, fundamentals, and market sentiment [5]