The following is a summary of the situation in the past two months
From the beginning of technical analysis of AR, then building a community, analyzing different currencies separately, and then trying different ways to lower everyone's reading threshold, it has been nearly two months. In these two months, no less than 60 orders have been opened through various methods, basically opening orders every day, and the number of stop losses and profit and loss ratios are obvious to everyone. According to 60 orders, basically 5-orders have stop losses below 2%, and 55+orders have stop profits of 5%+.
Through communication and analysis with everyone, it was found that the most fundamental reasons for everyone's losses are two, one is greed and the other is fear. Greed is manifested in chasing highs, killing lows, and opening high multiples; fear is manifested in fear of losses. The combination of the two results in a result: earning 100U can lose 1000U, a typical small profit and big loss. Of course, there is an exception of being deceived.
If you expand it carefully, it is such as carrying orders until the position is blown up, opening positions at high positions, opening positions frequently, doing ultra-short-term trading, and so on. So how can we avoid this situation?
First, you need a stable mentality. No matter whether you make a loss or a profit, don't have too much psychological fluctuation. This circle is 0 and 1, either you make a profit or a loss.
Second, you need to have a basic expectation for your stop loss and profit, instead of opening it blindly without purpose.
Third, you need to continue to learn some technical basics and be able to see some basic K-lines and trends, then you will have a good foundation to survive in this market.
In short, you need to continue to learn and master the real skills in the market. Everyone can see the big trend, but only the details can show the real skills.