I really thought,
When it comes to trading, is one epiphany enough?
NO NO NO....
I think, as a trader, especially in the wild,
They all progress through the spiral process of continuous stupid criticism and sudden enlightenment.
------For example, I have different feelings in each period-----
Trading is the fairest way for ordinary people to cross classes. When I was in college and had not yet entered the market, I witnessed a neighbor from my hometown who used to collect scrap trading in futures. He renovated his three-tile house and built a single-family villa. He bought an imported car, became a friend of the county party secretary, and opened a restaurant.
I am the chosen one - after graduation, I started working and had an income, and then I entered the foreign exchange market. In one month, I made more than 9,000 dollars from 100 dollars.
Don’t gamble - I haven’t even touched $10,000 yet, but my account was liquidated within 2 days, just because I wanted to double my money, so I went all in.
Can’t gamble +1-----Deposit $100 and all in will go bankrupt.
Can’t gamble +2-----Deposit $100 and all-in will go bankrupt.
Can’t gamble + N-----I lost half a year’s salary...
Holding on to orders or adding positions with floating losses to spread the cost is doomed to fail. You deposited $1,000, and tried to hold on to orders and add positions with floating losses to survive, but in the end, you still had a margin call. Have you ever had an experience where your orders collapsed like dominoes and you couldn't even open 0.01 lots? The world was spinning.
When opening an order, you must set a stop loss. It is uncomfortable to stop loss, but after resolutely implementing it, the frequency of liquidation is greatly reduced.
You can't make money in a volatile market. Even if you make money in the front, you will have to give it back to the trend later. To make money, you have to rely on trends - the volatile market, high altitude and low volume, seems simple, but it is actually dangerous. It will dull your perception of risk. Once you relax your vigilance, the trend will come and swallow up the small profits made in the volatile market.
The only thing you can control is your losses; you cannot control how much you can earn. Fix the loss you can afford, and leave when it is reached. Think about whether you are suitable for trading again.
If you fail, the care and support of your family is your strongest backing - when doing transactions, don't do it behind your family's back, and don't lose your care for your family. Life is not just about transactions. When you are burdened with hundreds of thousands of debts, your family may feel bad but they won't put more pressure on you.
Understanding the cycle of trends and the relationship between large cycles and small cycles is nothing more than the reciprocating operation of resonance and non-resonance. After only trading in resonant markets, losses will gradually decrease and profits will gradually increase.
You need a trading system, stick to principles, do simple things repeatedly, accumulate little by little, and build a tower from sand - you will form your own system and strategy, start to make profits, and your confidence will soar.
。。。。。
The transaction is still going on. Past failures and successes are all valuable experiences. The key is to summarize, discard the bad ones, and internalize the good ones.
Wish myself good luck, and good luck to everyone!