Let's talk about the fundamental reasons most people lose money:
1. Floating loss of 300 USD, reached the stop-loss level, but don’t stop-loss, first analyze the market.
2. Floating loss of 500 USD, studied for a long time to find a major support level, convinced that this price definitely won't break.
3. Floating loss of 1000 USD, even less willing to stop-loss, so let's treat it as a long-term position, add some margin, and don't set a stop-loss.
4. Floating loss of 2000 USD, this additional investment was made too early. Look at market reviews, institutional forecasts, listen to the opinions of experts. Found that most people are bullish, so let's hold on, there will be a rebound.
5. Floating loss of 1500 USD, see, the market is about to reverse, add another position to lower the cost, this time we are going to make a big profit.
6. Floating loss of 3000 USD, it turns out it’s not a reversal, just a rebound. Not afraid, anyway, I have already made 3000 this month, at most this month will be in vain, let’s add another position. If it returns to the entry point of the first position, I can earn another 3000 USD.
7. Floating loss of 5000 USD, it shouldn't be, what the hell is this market? No way, it must be the big players manipulating the market, trying to wash out retail investors, can't let them succeed. Can't give up, continue to add margin, keep investing, as long as it rebounds slightly, I’m sure to break even.
8. Floating loss of 4000 USD, it’s finally going to reverse, this time I won’t add more positions, but I must hold on.
9. Floating loss of 6000 USD. How did it go down again? I refuse to believe it, can it keep dropping? This time it must be the bottom, continue to add margin.
10. Floating loss of 7000 USD, the non-farm payroll data forecast tonight is very good, it will definitely turn around.
Result: Floating loss of 0 USD, account balance 0 USD