The madness of today’s market has kept many people awake all night, exciting many, whether it’s a margin call or a margin recovery, it no longer matters. The conclusion is set; next, we need to contemplate a question.
If you faced a margin call, what are your plans moving forward? Will you regret your initial decision and exit the market, or will you continue forward without hesitation?
Here, I would like to share some thoughts. If you choose to exit, make it a permanent exit; don’t keep looking back and reigniting your desire to recover losses.
If you choose to continue, then carefully plan your next steps. As the saying goes, learn from experience; never fall into the same pit twice. Change your false confidence, change your illogical assumptions, change your impulsive thoughts, and change anything that is detrimental to your trading. Remember, this market follows the 80/20 rule; to survive, you must outperform others to have a chance; otherwise, you are destined to be eliminated.
If you have recovered your margin, first of all, congratulations! What are your plans moving forward? Will you honorably retire, or will you forge ahead?
Honorable retirement is a good choice. You can take care of your family, buy a house or a car, or start a physical business, as long as it’s earned through your own efforts, just avoid squandering.
Forging ahead may present huge challenges. First, recovering your margin does not mean you have established a foothold in the market; perhaps it was merely luck from a certain phase or a market wave. Therefore, to establish a foothold, you need to be steady and methodical, addressing gaps in your previous foundation. Never be arrogant; otherwise, this market will teach you a lesson.
This is also my personal insight after enduring hardships. I once faced three margin calls, with the largest being 70,000. I couldn’t sleep for a day and a night, wondering why. After a month of reflection, I gradually understood that each of your trades reflects the true nature of humanity: wanting to earn more when you are making money, but stubbornly holding on when losing. As the saying goes, you cannot have both fish and bear's paw; wanting both simultaneously leads to ruin. Alright, I’ve said quite a bit. If you like my thoughts, please follow and give a thumbs up. If you have the chance, we can discuss further.