A must-read classic for futures traders widely circulated online
Author Background#
According to research, this section was originally written by futures expert Yang Bin and later systematically organized by Master Tony into the "Futures Bible." Due to Master Tony's Weibo account being banned multiple times, the original source is difficult to verify, but the content is highly consistent with Master Tony's trading philosophy and holds significant value for study. Mr. Yang Bin is from Shijiazhuang, Hebei Province, and entered the futures industry in 1993, serving as a business representative and manager at various futures companies, earning a good reputation in the industry due to his outstanding performance. Since 1994, he has managed client funds with an overall win rate exceeding 80%, accumulating profits of more than twice the entrusted funds, with his income entirely derived from client profit commissions, making him a model professional trader.
Yang Bin deeply understands the essence of Sun Tzu's Art of War and often quotes classics:
"War is a matter of vital importance to the state, the province of life and death, the road to survival or extinction, it must be examined thoroughly."
"He who calculates victory before battle has many calculations; he who calculates defeat before battle has few calculations. More calculations lead to victory, fewer calculations lead to defeat, not to mention having no calculations at all." (Initial Planning, Chapter One)
"Therefore, if one does not fully understand the harms of warfare, one cannot fully understand the benefits of warfare." (Combat, Chapter Two)
"Those who are good at war first make themselves invincible, and then wait for the enemy to become vulnerable. Invincibility is within oneself; vulnerability is within the enemy. Therefore, good warriors can make themselves invincible but cannot make the enemy necessarily vulnerable." (Military Formations, Chapter Four)
Representative work: "Piercing the Secrets of Heaven - 88 Questions on Futures Trading."
Ten Iron Rules of Futures Trading#
- Set stop-loss points and capital limits in advance before entering the market.
- The proportion of funds for a single trade should not exceed 30% of total capital.
- The principle is to control a single trade loss within 3% of total capital.
- After two consecutive days of significant market fluctuations, if it is not a trend-based limit, reduce positions (except for trend-based large bullish/bearish candles).
- If there is hesitation in position decision-making, immediately close the position or at least reduce it by half.
- For adding positions, confirm effective support/resistance levels, and strictly set stop-loss for new positions.
- Position size should not affect psychological state; reduce positions immediately if anxiety occurs.
- Be wary of market optimism and avoid using it as a basis for holding positions.
- Do not hold more than three varieties simultaneously.
- Develop a complete plan before trading: trend judgment, initial target, position adjustment strategy.
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Extended Reading#
2025 China's Top Ten Digital Currency Exchanges Authoritative Ranking🔥【Must-Collect】
【Legend of Wealth in the Coin Circle】From Zero to Millions and Then to Debt, My Ten-Year History of Trading Coins
《The Complete Works of Trading God Tony: Preface》
Complete Document Access#
《Professional Trader's Training Manual - Tony Classics.pdf》🔥
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