💔Blood lesson💔
In the past two weeks, I have carried nearly 10 long orders, with the highest loss order:
• BAN 32 times
• PNUT 25 times
Today, I finally did the greatest thing in my trading history:
I sold at the lowest point🈹, and faced my mistakes calmly.
💡Experience review:
• Amount of loss: Because it was a small order to test the system, I lost 2000U, which was not a serious injury.
• Mental breakdown: I almost recovered my investment twice, but because of greed, I did not close the position, and even added positions and increased margin, which resulted in getting deeper and deeper.
• Psychological torture: Before I sold, I felt so uncomfortable looking at this order every day. Holding it was like having a boil on my face, and I had to squeeze it out to feel comfortable.
Today I finally unloaded the heavy burden and felt relieved.
🧠Summary: Want to make a lot of money? Please remember two iron rules:
1️⃣Stop loss is an essential skill for trading
• Spot also needs stop loss!
• There is no luck, remember repeatedly:
⚠️Must stop loss! Must stop loss! Must stop loss!
2️⃣Carrying orders is a dead end
• You can be right countless times, but as long as you are wrong once, you may lose everything.
• Covering positions, adding margin, and opening hedging orders are all wrong choices. Don't go down this road of no return.
🔑The anti-human nature of trading
• If you want to make a lot of money, you must strictly abide by your own trading rules and disciplines like a steel warrior.
• If you want to make a lot of money, you must deeply understand and achieve the anti-human nature of trading.
This lesson made me deeply understand: Discipline must be supreme in trading before you are qualified to talk about profit.