Every day in the trading market, newcomers enter the market with expectations and visions, and a large number of traders are eliminated by the market with failures, regrets and huge losses.
Previously, we had a lot of advice for new traders, and today our advice is for a long-neglected group—traders who lose money.
The reason why I pay attention to this kind of group is that sometimes traders say to me, "I lost a lot of money in trading, can I help them make it back quickly".
In addition to facing a huge shortfall of money, the huge losers also have to suffer mental pain, and at the same time they have to figure out how to make a comeback.
We can't make up for the financial loss, and the mental pain needs to be borne by the trader himself, but we can give advice on how to make a comeback and be reborn in Nirvana.
A common "turnaround" strategy for a big loser
Because of the enormous pressure they face, as the saying goes, those who are sick go to the doctor at random, and often try some unreasonable measures in the hope of quickly making up for losses and realizing a comeback.
These common measures mainly include:
1: One is to refinance or increase leverage, hoping to win the market by continuing to trade or taking heavy positions.
Objectively speaking, the loss of traders is usually not the cause of the market, but must be the fatal weakness of the traders themselves in some aspects.
Continuing to trade cannot overcome these weaknesses, and may only lead to increased losses; gamblers who hope to take a big shot by enlarging leverage are almost impossible to succeed.
2: The second is to look for the order group. After a huge loss, traders will find that their trading ability is not good enough and they lack confidence in trading, but they are not willing to admit the loss. help, quickly achieve a turnaround.
It is almost difficult to succeed in the order-calling group mode. Of course, it is not ruled out that a very small number of calling-order groups are very powerful and conscientious, but it is not easy for traders to keep up with the rhythm of calling orders.
3: The third is to find a trader or a company to invest on your behalf.
Although there are indeed high-level traders and conscientious companies, there are very few such traders and companies, and it is difficult for traders to find them. There is a greater probability that they will be deceived and cause more losses.
The above methods are not very likely for traders to come back, and there is a high probability of causing more losses. So how can a comeback be achieved?
Two correct way to come back
After a huge loss, in order to achieve a comeback, we believe that there must be at least the following four steps:
1: The first is to summarize and reflect.
After a huge loss, traders should not rush to make back the lost money immediately, but should seriously reflect on what caused the loss.
As the saying goes, all happy families are alike, but every unhappy family is unhappy in its own way. The same is true for trading. Successful traders are almost the same, but unsuccessful traders have their own reasons. Be sure to summarize and reflect to find out the reasons, avoid repeating the same mistakes and find solutions in a targeted manner.
2: The second is to change the understanding.
To change your understanding, don’t think that a huge amount of money can happen in a short period of time, but you must change this mentality of eager to recover losses, be patient, realize the importance of time and compound interest in transactions, and realize stable profitability The importance of turnaround.
3: The third is learning.
It is not terrible to cause huge losses, but the terrible thing is to enter the market again before learning and improving. Huge losses must be due to poor skills or insufficient trading literacy. You must calm down to learn trading and gradually develop the ability to make stable profits.
Any way of asking outside is unreliable. Only by learning to strengthen yourself can you ensure a comeback in the end.
4: The fourth is re-trading.
After learning to have the ability to make stable profits, traders will have to re-trade in a different way than before, and enter the market again. Traders should pay more attention to long-term stable profits, and gradually achieve profit growth through strict risk control superposition time And the comeback was successful.
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