A handful of bitter tears, I have been trading for five years, and I still lose money, what should I do?

Mazhu's advice: If you fall into a mud pit, the smartest choice is not to dig the pit deeper!

Mazhu has been trading for eight years and has been losing money. Now that I have switched to trading from the media, summing up the experience and lessons, I suddenly found that this year's progress is greater than the sum of the past seven or eight years. Sometimes traders do enter into a state of continuous losses, and they do nothing wrong. They lose money for several days, months, and years, and there are very few profitable orders, just like being possessed.

Mazhu's suggestion to you is to stop quickly, whether you turn to study or thinking, or even do nothing in a daze, immediately stopping trading is the best choice when you continue to lose money. Trading loss is a pit. The more you struggle to get out, the deeper you will sink. If you don’t stop, you will dig this pit deeper and deeper.

A thought of Mazhu: How do losses, especially continuous losses, occur?

Ninety percent of people in the market are losing money. This is a phenomenon rather than a principle. Even if you know this fact, you still cannot understand why this is the case, let alone how to avoid becoming a member of the losing army. It was only these two days that Mazhu suddenly realized that for the vast majority of ordinary retail investors, continuous losses are destined to be the only ending. ​

Mazhao's stock has been locked for almost a year, more than 20 points, life is hopeless, there is no other way but to continue to stand up and wait. And Mazhu bought a few good stocks before, but ran away after earning four or five points, and watched them soar to double. The same is true for foreign exchange speculation. Retail traders have two bad habits, or two unrealistic fantasies: if they make a profit, they will settle their pockets as soon as possible; If you have these two habits, then you are doomed to continue losing money.

​Suppose your winning percentage is half to half, and the possibility of carrying the order back is also half to half: the first order wins, and you run away with 10 points; You ran away with 10 points, won the third order, ran away with 10 points, and lost the fourth order. If you don’t come back after resisting 50 points, you may stop the loss at 80 points, 100 points or directly liquidate your position up. People who like to settle profits quickly and continue to carry orders after losses are doomed to such a reincarnation, and every account will inevitably end in liquidation. And these two points are precisely the nature of most retail traders, no matter whether your trading skills are high or low.

Mazhu just experienced a big loss, and it was a big loss of two hundred and five.

Gold rose sharply this week, but Mazhao placed an empty order on Tuesday without setting a stop loss. In the afternoon, I caught up with some business at the company and didn't have time to take care of it. When I got off work, I saw that I had lost more than 10 knives, which is more than 100 points. At that time, Mazhu began to fantasize, imagining that the gold market could turn around and go down at the next pressure position, until 9 o'clock in the evening, watching gold break through the various moving average pressure positions at the 1h, 4h, and 1D levels in turn, and finally lost money When I paid 25 knives, which is more than 250 points, Mazhua manually stopped the loss, which brought a fatal blow to Mazhua's tiny account.

The operation of this single Mazhao completely violated his own trading technical indicators. When Mazhao placed the order, my trading signal did not appear, that is, the short momentum breakthrough, so this order was actually placed randomly. In addition, the mandatory stop loss condition repeatedly emphasized by Mazhao in the previous article, that is, when the reverse momentum breakthrough indicator appears on the 1h line, it is regarded as a technical form damage, and the stop loss must be left, and the subsequent bullish trend will also It is from this momentum breakthrough of the 1-hour line that it started, and Mazhu did not lose here.

Mazhu noticed this breakthrough, but at that time the loss was almost 100 points, and he began to imagine that he could get it back. Later on the hourly line came out a technical indicator called "momentum correction" by Mazhao, which could even be used as a signal to enter the bullish trend. So it is doomed to suffer a big loss.

The only advisable operation of this single claw is to stick to the light position. After the loss occurred, it did not increase the position at any subsequent pressure level. Although the big side of more than 250 points was enough for 250, it did not liquidate the position. Ma Zhu was finally able to return from the wrong way, and finally the strong man broke his wrist, leaving some hope for Ma Zhu. If you carry it until now, it will definitely be bare.

Mazhu believes that loss is the best teacher for traders.

Losses are a trader's best teacher, which should have been the title of this article. This loss exposed that Mazhao's trading psychology is still very poor. Since earning more than 200 pips on the British pound last week, Mazhao has been waiting patiently. Last week, he only did a little tentative operation, which is equivalent to a short position. for a week. And this Tuesday, when I saw that gold was breaking through downwards, I was suddenly overwhelmed and placed an empty order without a signal, which was the disaster. Ma Zha decided to face the wall and think about it this week, and no longer operate.

Only losses can truly teach and educate traders. A trader is like a gambler. As long as there is money in his pocket and the casino is open, he can't stop. There must be a huge loss and a complete loss before the gambler can be forced to stop, let him start to wake up, let him give up his illusions, and realize his mistakes. It would be a great happiness if we could just stop doing it. If you can't stand the hand, then reflect on your gambling skills. After experiencing this loss, Mazhao has strengthened his confidence in his trading technology and trading system, because no matter the stop loss position or the development process of bulls, they all fully fit Mazhao's technical system. Mazhao is inseparable from the casino. After this lesson, Mazhao must be more patient than before, and stop losses more resolutely, waiting for the next rebirth from the ashes.