On August 22, I closed my first failed project. Overall, it was a failure because my friends who followed the orders lost almost half of their principal. At the same time, it seriously disrupted my spot trading system and I lost about 7,000 to 8,000 U. So after closing the project, I decided to go out for a trip with my family to change my mood. I ended my southwest trip (Chongqing-Chengdu-Dujiangyan-Jiuzhaigou-Huanglong) yesterday. Let’s make a good summary today!
First of all, let me make it clear that I only represent my personal experience and do not reflect others.
First of all, let me make it clear that I only represent my personal experience and do not reflect others.
Lessons learned:
First, it is difficult for a contract to last forever. From my experience in simulated following orders, it is rare to be able to last more than three months. However, as a follower, you can actually make money forever. Simply put, if you open an order within the project and an opposite order outside the project, you will only lose commissions. However, as long as you make money within the project, you will get at least 10% of the profit for the follower. Therefore, opening orders is really a good tool for stable profits. As long as you fool enough people, you will definitely make money. Moreover, you must be bold and do not need to stop loss. Of course, I am not that shameless, at least I did not do it the first time, but when my contract stopped loss, I also reduced my spot holdings at the same time. Therefore, for me, there is no loss, only less profit.
Second, my personal problem is that I haven’t touched contracts for three or four months, and my mindset is not really adapted to contract trading. In many cases, there is no big problem with the direction, but I can’t hold contracts for as long as spot trading. Many times, I made a profit but didn’t stop at it. I took it away at the last wave, which was very uncomfortable, but there is no way. This is the charm of contracts. I still have to stay away from them! I really admire those great gods who are still persisting. You are really motivated.
Third, this time the opening of the order has seriously affected the trading logic of the spot market. Originally, according to my trading strategy, the account funds should have reached more than 67,000 U for this #1000stat rise, but because of the 95 million short orders hedging, the actual highest position was only 59,000 U. Of course, it has fallen now, so there is still a chance to start over.
On August 22, I closed my first failed project. Overall, it was a failure because my friends who followed the orders lost almost half of their principal. At the same time, it seriously disrupted my spot trading system and I lost about 7,000 to 8,000 U. So after closing the project, I decided to go out for a trip with my family to change my mood. I ended my southwest trip (Chongqing-Chengdu-Dujiangyan-Jiuzhaigou-Huanglong) yesterday. Let’s make a good summary today!
