Today, I sorted out the strategies from the day Biden withdrew from the election to now. As shown in Figure 2, there are 19 profit-taking, 3 flat pushes, and 8 stop losses. There are also timely empty position reminders before the risk comes, and position control is also strictly emphasized. Concepts and cognition are really important!
1. The reason for a single big loss is that the heavy position does not stop loss; continuous small losses are caused by frequent trading of heavy positions, which are big losses; continuous small losses of light positions are not a big problem, as long as the risk is controlled, you can still make money back.
2. We must deeply understand the uncertainty of trading, cannot resist losses, but allow volatility losses, stop losses in time, and prevent trading vicious circles and big losses.
3. Every stop loss will cause trauma to our hearts, and we must understand the trauma recovery mechanism.
4. Small losses are for better returns tomorrow. After a big loss, you must stop trading and rest.
5. Frequent trading brings frequent stop losses, which is tiring. The best way is to resolutely stop trading to a certain extent.
In summary, the prerequisite for profit is to ensure that there is no big loss in the account. Small losses are okay, but once they exceed the limit, stop immediately. This concept is engraved in the mind, at least to ensure that you can live in this market.
This wave of big cakes created equality for all bulls. Last night, I saw Teacher Feng share some thoughts on "Some Thoughts on Long and Short". He used 200,000 yuan in September 2021 to make 10 million yuan, which took 1032 days. I admire his skills, mentality, and concentration. Even if he is much better than ordinary people, he will often make mistakes and occasionally get carried away, but he can cut his positions in time. Even if a large amount of profits are taken back and finally exited, he can remain calm and take back the profits in time with other opportunities. Even after this trend change, he still did not regret not going short because of the big drop. Even if the black fans laughed at him for not going short, he still calmly expressed his views. Since entering the circle, I have witnessed the success of many people, and I have been learning from excellent experts. Whether it is a long or short market, there are many experts I admire who miss the opportunity or sell at a loss. The assets of these people are at least tens of millions, but can you say they are bad? I don’t think so. On the contrary, I appreciate the way and attitude they handle orders when they make mistakes. Trading is a game of probability, and accepting reasonable losses is the first step.#美国7月非农就业增长放缓
