The legendary woman who was reborn from the ashes

Trading needs rules. If you make a mistake, you must stop the loss instead of letting it develop uncontrollably.

Sometimes, when you hold a position once or twice and the market is very favorable to you, you will develop a fluke mentality and think that there is no need to stop loss, and you will be able to hold it back when you have enough funds. After all, the market fluctuates back and forth most of the time. However, once you have this fluke mentality, you will happen to encounter a one-sided market and never look back.

Whenever I see that I have misjudged the trend in my trading, I become anxious not to control the risk, but to hope by chance that the market will give me another chance. So the more the market falls, the more I buy, and my position becomes heavier and heavier, until I run out of bullets and the market continues.

At this time, I really fell into deep self-doubt. I could have recovered the losses and even made profits by covering the positions before, so why did I lose money this time? Moreover, this loss wiped out all the previous profits.

Not setting a stop loss is a kind of fluke mentality, especially in the foreign exchange and futures markets. Looking back at the history of leveraged transactions, no matter what product you take, as long as you don’t set a stop loss, your position will definitely be liquidated over time, without exception.

Because your money is not unlimited, and the one-sided market is ruthless. If you compete with the market in endurance, you will definitely lose to the market, so don't take the market seriously.

The biggest loss is to hold on to the order.

The correct approach is to set stop loss and take profit before each transaction. The most feared thing in trading is not loss, but the wrong perception of the market due to some lucky profits.

This kind of cognition is difficult to correct. Sometimes if you go astray, it will lead to endless losses, which is the most terrifying thing.

Once a loss occurs, unwinding the loss is a double-edged sword. For investors who need to unwind the loss, they must master solid operating skills to implement it.

Without practical experience in how to get out of a predicament, investors are like walking into a bottomless pit, with losses continuing to expand and eventually becoming unable to extricate themselves from the quagmire of losses.

When she first started trading, Jiang Juan was often trapped in painful self-blame for the losses she suffered after luckily taking on a position.

This is the detour that most of us investors who are new to the market will take.

Larry Williams once said: I just try to accept losses. Losses are a natural part of this industry. It happens everywhere and to everyone. You should feel that this is normal and cannot be avoided. You should learn to accept it.

Technical analysis is an important means of judging the market; technical analysis helps you discover and predict short-term risks and indicate operational opportunities.

Profits and losses often go hand in hand, but investors who can successfully get out of losses are rare.

If you want to make stable profits in trading, you must look for deterministic opportunities. What are deterministic opportunities? The nodes that follow the trend are deterministic.

Ge Weidong once said a famous saying: "When opening a position and after opening a position, as long as you still feel excited, stimulated, anxious, etc., it means that you are still immature and need training. Before enlightenment, you are trading, and after enlightenment, you are watching the trading!"

Many people are obsessed with the winning rate of transactions, because everyone hopes to be right, and it is best to be right all the time. No one likes to stop loss, which is understandable.

But technology has its limits, and improving the winning rate has a bottom line. Our goal is to win, not to stick to a trading strategy with an absolutely high winning rate.

Perhaps to outsiders, achieving a high winning rate is a difficult thing.

Sometimes a trading system with a low winning rate can also be profitable? The key factors that determine whether a transaction can be profitable are not only the winning rate, but also the profit and loss ratio and the scientific position.

Even if your trading strategy has a low winning rate, you can still make a profit by combining a high profit-loss ratio with a reasonable position.

Regardless of whether the market is relatively strong or weak, there will be investors who lose their minds for no reason. Therefore, investors must always remain calm at all times. Once they act impulsively, they will suffer heavy losses.

Under the premise of controlling drawdown, try to ensure profits as much as possible; under the premise of enhancing profits, try to control drawdown as much as possible.

You should wait patiently for the opportunity that best belongs to you, instead of being impatient and trading blindly.

You learn to give up those meaningless subjective transactions and instead wait for the objective transaction to come to you. This is truly intelligent trading.

The financial market itself does not generate profits, it is just a distribution market. To put it bluntly, it is a pure game, and the focus of the game is human nature.

Mature traders will take advantage of the flaws in human nature to create emotions and use emotions to conduct price difference trading.

In fact, many people do not realize that a high win rate is more of a psychological need of traders rather than a technical necessity. A low win rate can also generate long-term profits if the positions are well controlled.

No one can achieve permanent success. As long as you stay in this market for one day, you will have to compete with other funds. It’s just that as you accumulate more experience, you will win more and lose less.

But when one day you suddenly find that the transaction is certain, then congratulations, at this time you have found your own trading model.

One day, when you realize that there is no absolute certainty in trading, and start to consider probability, risk, drawdown, and stable profit, then you will become a true professional trader.

People's behavior is controlled by emotions, and people's emotions are affected by the surrounding environment. The main funds in the market usually use information from various channels to guide investors' emotions. As long as you can't control yourself, you will be harvested in the end.

A person's awakening depends on 1% of others' reminders and 99% of his awakening through his own experience of being cut into pieces. No one's dissuasion will make a person realize the truth. Only experience, loss, regret and injury can truly awaken a person.

If the mind is strong, everything is strong; if the mind is calm, everything is calm; if the mind is quiet, everything is quiet.

If you want to become a qualified trader, you must learn a lot of basic knowledge, and then go through various market trends, various shocks, various trend changes, and various tests of consecutive losses. Finally, you will form a solid cognition and you will be able to become an excellent trader.

Everyone is a mountain, and the hardest mountain to climb is yourself; walking upward, even a small step, will lead you to new heights.