Trade Summary
This is just a snapshot of some accounts on one device today; there were no positions opened yesterday.
The purpose of sharing this is not to show profit and loss figures.
But to understand how to trade well?
Opening Positions: I only choose the lifeline positions, on time frames of 15 minutes or more. I open positions based on confirmed signals for any instrument and time frame; if there are none, I wait. Placing limit orders has absolute advantages, allowing for better opening conditions. Today, after entering the market, there was only a slight floating loss for less than 30 minutes, and the rest of the time showed floating profits. However, limit orders require a high standard for positions, which most people cannot achieve. This is my advantage, being able to grasp the lifeline positions across different time frames and instruments.
Stop Loss: We all adopt fixed amount stop losses, set before opening any positions, ensuring that no significant losses occur in any situation, and no liquidation happens.
Take Profit: Also based on lifeline positions, with a solid basis.
Position Size: Determined based on the strategy's duration and risk level, ensuring the maximum drawdown value of the strategy is set, and then calculating the appropriate position size.
No chasing prices, no adding to floating profits, no holding onto losing trades; strict execution.
Trading is an anti-human market; if you fail to do these things, you will become cannon fodder for the market. No one should attempt to overcome the market using their human weaknesses; it's impossible, and even if achieved, it will only be limited to a short period.
Only fixed opening rules and a complete trading system can help you navigate this market in the long run.
If it weren't for limit orders, these accounts could not have been executed at the same time and price, nor could they have closed at the same time.