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I can only say that you are still too weak😂. (I'm just joking, hey, let me add a small expression)
I haven’t made any money for four years. What did I say 😭You read that right, everyone is making big and big losses, but I have been making small and small losses. Unlike you, I didn't lose a lot of money.
I have thought about giving up many times, feeling that I can't make money, and the market is chaotic. I never carry orders and stop losses firmly, but the funds continue to wear out and die slowly.
I also tried to change different methods, but I still couldn't improve my winning rate. I always wondered why I didn't do it right, why didn't I do it right? Afraid of losing and making mistakes, sometimes trading in a muddle.
I don't mention it sadly in the middle, in fact, I only lost 400 US dollars in four years, but I never saw my first day. However, in reflection, I gradually realized that instead of improving the shortcomings, it is better to give full play to the strengths.
My long-term winning rate is 35%. Since I can't improve the accuracy rate, and since my entry skills are at this level, then I will increase the profit-loss ratio, change my exit, and my position time will be longer and longer.
If it is important to hold a position for ten minutes, if it is important to hold a position for one hour, if it is important to hold a position for a week, then if I hold a position for a month, the entry technology is far less important, and if I hold a position for half a year, technology is far less important .
No matter how good the technology is, it can't change the trend of the market. I will follow the ups and downs of the market during this long enough holding time. As long as there is a big market in a year, as long as I am indeed in the market, profits will definitely come.
In this way, it may be very slow to make money, or the retracement of floating wins may be large and long. Until last month, I was still struggling with long-term, short-term and even separate use of several accounts. But I suddenly realized that even if you make money slowly, it must be better than losing money. It's funny to say that such a simple nonsense broke my knot for so long, so I started to focus on the medium and long-term, and on one account.
I hope that my experience can be helpful to others. Whether you persist or give up, you must clear up the confusion and make decisions based on your own objective situation. For example, for me, trading can only be a hobby, and the main business cannot be relaxed. You can't let the transaction take your own life into it. Ordinary people like us don't have so many opportunities for trial and error.
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Last updated: 09/03/2023 10:04
This is a heart-wrenching question, but also a very real one.
The ancients said: It is better to demolish ten temples than destroy a marriage. Although this sentence is a bit out of date here, it has the same purpose. I will not persuade you to give up, nor will I persuade you to persevere, because the road is at your feet, and no one can replace you to complete the rest of the road, but at the same time, you must also know that today's decision, any future will appear As a result, you have to have the courage to accept it and face it. After all, this is your own decision.
Persevere or give up, this is a difficult problem in life, there is no correct answer, some only have a different life.
Back to the main question:
1. "I haven't made any money since trading for a year." Here I assume by default that you have not been in the trading industry for a long time. Some people say that it only takes one month to understand an industry, but it takes 10 years to be familiar with an industry, and it takes a lifetime to treat it as a deep-seated career. To be honest, your working time is too short, your trading experience is too little, you may not even get into this industry, so why give up. There are many people who have been trading longer than you and have not made stable profits. If you want to achieve your financial freedom in the trading industry within one year, it is because you have too high expectations of yourself. Trading is never an easy job.
2. "Learning crazily, analyzing crazily." When you work so hard that you can't do anything, you are qualified to complain about the injustice of fate. Some people have learned the way of trading all their lives and still can't find the right way, while some people have realized their financial freedom in only a few years. Therefore, in this world, hard work has never been rewarded. Crazy learning also depends on what you are learning. A wrong path can only go darker and darker.
3. Persevere or give up. No one can answer this question for you except yourself. In other words, no one can give you an answer you want. You can think about it, why you didn’t make money, which link has a problem, no trading system, trading discipline, trading mentality, or unreasonable fund management, etc. These are the questions you should think about rationally , Instead of giving yourself a multiple-choice question of persistence or giving up. If it is said that the links mentioned above all need to be improved, and there is room for improvement, it will not hurt to stick to it. A few words, just let you understand, what reason can make you persevere, what reason makes you have to give up, weigh the pros and cons, and make your own choice.
There are many traders who have encountered similar problems in the market, and I am one of them. I have thought about giving up after trading for so many years, but I still persist in the end. Although I have not been able to achieve my goal until now, at least I am still on the road, at least I am still persisting.
Don't ask how the future is, but ask for loneliness without regret. Trading is not easy, let's encourage each other! ! !
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Last updated: 08/08/2023 07:53
If the stop loss is one more point,
You can insist on waiting until the market inflection point,
I will be willing to fight till the end,
Exchange any trace of possible reversal~~~
There are only a few dozen dollars left in the account,
Looking at the candlesticks one by one,
The bottom line of the liquidation was eventually broken down irretrievably,
Until now, only helpless mourning remains~~~
I've started to practice, I've started to worry slowly,
What should I do if I am anxious about this risk?
I have agreed with the stop loss to strictly implement it,
But how to get back the capital of the account that has lost almost everything?
I practice every day, I will be familiar with it every day,
In the world of price charts,
Try to learn every technical analysis,
Those who have made huge profits,
All tricks and magical skills~~~
The transaction is a forest of 10,000 hectares, but I am the one who lost my way. I agreed that we would make huge profits together, but why would I be the only one left to lose money, lose money!
A "Trading Practice" by Dehua is dedicated to traders who still insist on losing money!
Although people have a fluke mentality, when faced with small probability events, they always expect good things to happen to them, but they always feel that bad things have nothing to do with them. For example, driving, there are car accidents every day, but people believe that I will not be so unlucky; another example is winning the lottery, everyone knows that there can only be one out of hundreds of millions of people, but people always believe that I will be the luckiest one. As a result, more and more drivers died on the road, and dreaming lottery players lingered in lottery shops. What I want to say is that although death is not necessarily death, but always death is sure to die , although occasionally dreaming will not come true, even if you keep dreaming, it will never come true, because of luck .
How did trading become something that needs to be persisted? We are all Chinese pastoral wild traders. No one forces you to persist in trading, no one gives you tasks, no one pays you wages, you can start anytime you want, and you can end anytime you want. But like the subject said, I haven’t made a profit for a year, and finally I can’t hold on... What is it that supports you to persist until now? It's a vain fluke . You've tried all the flukes, you're desperate, and you can't keep going. But what I'm saying is, man, that's when you're most likely to pierce the deal window , when you're most likely to figure out what a deal is. Of course, it is not necessary to continue trading after understanding the transaction. You can stop and leave, or you can turn around and be a real wild trader in the Chinese countryside.
There is a routine in Buddhist practice called breaking the attachment, the so-called gods block and kill gods and Buddhas block and kill Buddhas. The old monk assigns questions to the young apprentice. No matter how the young apprentice answers, it is wrong. It will force you to a situation where there is no way to retreat, no way to stand, no way to go to the sky, no way to enter the earth, and nowhere to turn. Suddenly, in a flash of inspiration, the real self appeared. The same is true for trading. The so-called hope is all about luck. You are lucky enough to place an order, lucky to make a profit, lucky to reverse, lucky not to liquidate your position, lucky to turn over your position, and lucky to learn... You will inevitably lose money in the end, because you are lucky Everything is just an answer you found to fool the old monk, and it is all wrong. You will eventually find that in trading, money is not enough, luck is not enough, technology is not enough, teachers are not enough, books are not enough, knowledge is not enough, genius is not enough, diligence is not enough, hard work is not enough, persistence is not enough... ···What you want to rely on is not enough, and all things outside your body that rekindle your hope will quickly extinguish your illusions. When you have tried it all, become desperate, and can't keep going, you are only one step away from success.
Some friends are going to ask, what does it mean to be unreliable? To give an inappropriate example, Erha is the bravest when he is led by his master, and he will be cowardly when the master lets him go, and a dog is a dog who relies on others. Trading is the loneliest march in the world, and your only ally is yourself, and you have nothing to rely on but your own brains and poor capital. Don't expect someone to teach you how to trade, let alone the trading cheats recorded in that book, you must build your own trading system comprehensively, deeply and thoroughly: first clarify your own trading philosophy , how do you understand the market First, how do you understand the trend, what is your level of risk awareness, and what are your trading expectations? Second, create your own trading strategy , what is your strategy model, where is its theoretical basis, and what are your trading signals? How to generate it, how large is the corresponding market size, and how high is the risk; thirdly, strictly implement your risk control standards , and clarify what is the maximum loss you can accept, how much is a single loss, how much is a continuous loss, and how much is an account withdrawal. Formulate and strictly implement the corresponding capital strategy, do not trade heavy positions, trade infrequently, strictly stop losses, and give priority to survival; fourth, summarize your trading psychological process in time. When doing transactions, you must know how to stop at the right time and reflect on yourself. When there are major losses, major profits, continuous losses, and continuous profits, you must stop, and think about whether you have given up on yourself and placed random orders because of losses, have you relaxed your vigilance and placed orders at will because of profits, and have you been discouraged by continuous losses? Disturbing the mentality, have you gotten carried away because of continuous success? Reflection is not only a kind of psychological exercise, but also an important means to improve trading strategies. You can find more accurate signals, find parameters that are more in line with the market, and adjust more pragmatic risk control. It is a necessary step to increase a trader's confidence.
The above words, weeping and lingering in blood, those who know me must say that I am not talking nonsense!
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Last updated: 08/11/2023 20:18