How can newcomers lose less money and try not to lose money?
There is a sentence in "The Three-Body Problem": "Weakness and ignorance are not obstacles to survival, but arrogance is." So if you know that you know nothing about the trading market and are powerless, you can still find your own way to survive, but if you think you can beat the market, then your arrogance will destroy you.
You don’t have to participate in every market. No one can catch every fluctuation. Make money in the market you understand. Practice trading in the market you don’t understand. Only do the entry opportunities you are best at. Don’t add unnecessary things. If you don’t have the opportunity you are good at, then you need to continue learning. Review every order you have cleared, especially the loss-making orders. Investment personality determines your investment style. Trading is to decide whether to make a move. Whether it is a big win or a loss is determined by luck. All you can do is control the loss and control your emotions. Don’t intervene in the original transaction too actively. Only in this way can it be meaningful to review it. Do you have the habit of intervening in the transaction midway? It is not difficult to strictly enforce discipline. As long as you deliberately train for 21 days, you will feel uncomfortable if you are not disciplined later. But because self-discipline is not difficult, many people can do it with some effort, but why don’t you see many people become financially free because of strict discipline? Because it is a key part of trading profit, but it is not the only key part. How you measure your gains and losses, balance your mentality, and control your pace. Sometimes you enter the market at an inappropriate time, and you may lose money for one or two years in a row, but you still have to stick to a trading idea that you are not very sure of. These are all tests.
