Here comes the tuition payment again
At the same time, recording my trading situation. There have been many mistakes in trading these days. The main issue is lack of execution.
First, I didn't set a stop loss, and didn't protect my principal. Knowing that the upward momentum was insufficient, I didn't choose to close the position, but chose to ignore it, thinking that as long as it's not a black swan event, I wouldn't be afraid, but it still crashed.
Then I kept adding to my position, the more I added, which was another wrong operation.
Holding on until 10 PM on the 1st, the market once again surged above 71,000. I guessed that the big player was trying to lure in more buyers, but since it didn’t reach my target price, I didn't choose to close the position, but chose to hold on. The correct operation should have been to close my position and keep my principal.
Before going to sleep, I suddenly decided not to add to my position. I didn't know the overall trend, and adding to it was just feeding the market. The more I added, the bigger the position would get. At this point, I still didn't close the position, and let it automatically close in the morning. That was another wrong operation.
After reviewing, I found that there were indeed quite a few mistakes in my trades.
At the same time, recording my trading situation. There have been many mistakes in trading these days. The main issue is lack of execution.
First, I didn't set a stop loss, and didn't protect my principal. Knowing that the upward momentum was insufficient, I didn't choose to close the position, but chose to ignore it, thinking that as long as it's not a black swan event, I wouldn't be afraid, but it still crashed.
Then I kept adding to my position, the more I added, which was another wrong operation.
Holding on until 10 PM on the 1st, the market once again surged above 71,000. I guessed that the big player was trying to lure in more buyers, but since it didn’t reach my target price, I didn't choose to close the position, but chose to hold on. The correct operation should have been to close my position and keep my principal.
Before going to sleep, I suddenly decided not to add to my position. I didn't know the overall trend, and adding to it was just feeding the market. The more I added, the bigger the position would get. At this point, I still didn't close the position, and let it automatically close in the morning. That was another wrong operation.
After reviewing, I found that there were indeed quite a few mistakes in my trades.
