Today's trading experience sharing: On trading days, I make an average of 2-5 trades per day. In the first 1-3 orders, I am often rational, patient and passionate at the same time, and my winning rate is extremely high. But the next two orders are either due to desire and greed, or there is a state of "over-trading" and "exhaustion trading".

After the first 3 orders were profitable, the rational side of my heart knew very well that I should stop today and leave this battlefield. But "itchy hands", "want to pursue the victory", "want to make another order", and other bad human nature will emerge. I know that I am a human being, so there must be bad human nature. I can't get rid of them, but I can choose to [protect myself] to the greatest extent.

When I want to open the fourth and fifth orders, my approach is usually to reduce the position at that time to one-fifth, or even lower. For example, if your margin is 100,000 U, the leverage of normal transactions is 5 times, and the position of each transaction opened is 500,000 U. So before opening these two "itchy orders", you must withdraw the majority of the margin back to the spot account, leaving only 10,000-20,000. As long as you have strict stop loss and take profit, even if these two orders are consecutive losses under the same leverage multiple, it will not hurt your vitality for today's profit. In short, it's harmless to play a little. If you continue to make profits, it will be the icing on the cake today.

The premise of continuous profit is actually to know how to protect profits and control drawdowns. But most people in this Lushan Mountain are only concerned with rushing forward, forgetting that the way down the mountain may be more difficult than the way up the mountain.

There is a kind of swordsman who wants to let everyone in the world see the sharpness of his sword and never knows how to sheath it. There is also a kind of swordsman who always remembers that the back of the sword is hidden. Let's encourage each other.