Brothers, hello everyone, I am trader Zhu Yici, this is my second real contract order, the target of the operation is bigtime, currently the loss is more than 1200u, the idea of opening this order two days ago was to make a breakthrough, today the big cake rebounded, many copycats have performed well, but bigtime is indeed very weak.
The biggest mistake of this order was turning profit into loss. The peak profit of this order was more than 1,200 yuan. Because I was optimistic about an upward trend on Saturday and Sunday, I chose the pattern. The best operation at that time was to set a break-even loss or raise the stop loss to lock in part of the profit.
The current situation is very passive. It is painful to cut losses, but if you don't cut losses, you will miss many good opportunities. It is very important to take the initiative in ultra-short-term trading. Only with the initiative can you seize the opportunity better. If you are trapped, you will fall into a passive position. Cutting losses requires self-discipline and courage. People all have a fluke mentality, which is why stop loss is difficult to execute.
This order also reflects a wrong way of thinking on my part, which is to use my own imagination to replace the actual market trend to make decisions. At that time, I did not fancy the profit of 1200u, thinking that this order must make a profit of at least 3000 or 4000u. This is a blind pattern. I only think about how much I want, without looking at how much the market can give in a realistic way.
Whether a transaction is profitable or not is essentially a matter of probability. When we are already in a profitable position, what we need to do is to lock in profits by raising the stop loss line, thereby becoming invincible and using profits rather than principal to shape the situation.
What if the market goes up again after my stop loss is hit? This is a fear of missing an opportunity, but this fear is very unreasonable, because what is lacking in ultra-short-term trading is not opportunities, but whether you have the initiative to seize opportunities when they come.
Even if the above situation occurs, we must accept it calmly. There is no perfect solution in the world. What we really want to pursue is continuous and stable profits so as to give play to the magical effect of compound interest.
Stop loss, stop loss, stop loss. It is important to say it three times! Knowing and understanding, and following through, so that knowledge and action can be unified!
Follow me and I will continue to update my contract trading real-time.
