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I once lost money on a flat in Hangzhou, and even thought about committing suicide, but I was too timid to die. I don't know how to advise you, the best salvation is to stay away from the foreign exchange market. Until now, I have said countless times that I was so stupid, why did I gamble around in the foreign exchange market, and only discovered the way of trading when I had nothing, and I was often out of the way. Why use leverage? Why look at the K-line? Why do technical analysis? Why brush news data? Why stop profit and stop loss? Suddenly, I found myself surrounded by worldly concepts. Why can't we change our thinking? Later, from triangular arbitrage to price difference arbitrage, it turns out that trading can actually be very simple, and it can be even simpler. Fortunately, everything is fine. This is the first time I have posted so many texts on Huihu. I hope this brother in Shenzhen, everything will be better.
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Last updated: 08/03/2023 06:46
First of all, I would like to comfort you: If you keep the green hills, you are not afraid of no firewood, and every day is a day full of energy.
In this situation, there are two options: 1. Exit the market forever and stop the loss in time; 2. Stay in the market, find the cause of the loss, and turn the market against the wind.
The first choice is not to feel sad for the losses that have already occurred. At this time, you should remember that stopping the loss in time will save all your future money. As for the loss, you can earn it back from other industries. If you enter the market with an uncalm gambling mentality, you may get even more unpredictable consequences.
The second option: stay in the market, then find out the reason, solve the problem, and the most important point, do not place orders on a firm offer until the first two are resolved.
Here's a more detailed look at what you should do with the second option:
Find the reason: Why did you lose a house?
1. Understand the market clearly. The status quo of this market: 90% of people lose money, 10% of people make money (this is just an approximate statistic, maybe the data is even more unbalanced), foreign exchange is a highly leveraged industry, and while profits are magnified, risks are also magnified, so we must face up to it own losses. Adjust your mentality on this basis, and don't let yourself be too immersed in the haze of losses. Then 90% of the losses are not necessarily a loss for every order, but an overall loss. If you have a chance to make money, it depends on whether you can stop the profit and then decisively exit the market.
2. Recognize yourself. Forex is a demon mirror, where all the ugliness of human nature will undoubtedly be exposed. What kind of mentality you have is doomed to what kind of ending. But this is not irreversible, it depends on whether you have the determination to cut your wrists. If you lose a house, you must have gone through many transactions. Is it because of ambition, wanting to earn more at once, or because of gambling, wanting to earn back all previous losses? You have to think clearly about this, and then solve it.
Find a way: How to avoid losses and turn losses into profits?
1. Improve yourself from the perspective of trading technology.
First of all, consider from the perspective of technical indicators, whether you have learned a lot of indicators, which led to misleading your judgment of making orders in the end. There are not many indicators, you can choose no more than three indicators in one trading system to make orders according to your actual situation and the variety you choose.
Secondly, considering the trading variety, what is the variety that caused such a large loss? What was the market environment like at that time? If the market does not have big fluctuations like "black swans" and you only lose money on one variety, then you can consider giving up this variety, because you are not suitable for it.
Finally, considering the trading system, what is the state of your trading system? Focus on risk management, position management, stop profit and stop loss, and execution plan. All losses are due to the failure of these four places.
2. Improve yourself from trading experience.
First of all, you must control your own trading mentality. The most important point here is: execution. Did you execute your plan? All negative emotions are difficult to control, so it is better not to touch this hard bone desperately, avoid him, and practice your executive power.
Secondly, we must do a good job of trading review. A good trader not only has the ability to plan transactions, but also learns to review trading. Every review allows you to re-examine yourself and discover new problems. For the review, I have several suggestions: ①Evaluate your trading performance; ②Analyze every transaction you initiate; ③Prepare for the next trading session; ④Determine the trading setup you are going to make in the next trading session.
Here I also briefly talked about the general direction of improvement. I can't help you with specific analysis. You can only do it yourself. Profit is a long process, all of our profits come from patient waiting, good luck.
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Last updated: 08/01/2023 22:07
Dude, mentality is the most important thing, trading is not gambling.
Without a good attitude, no matter how mature the technology is, you won’t be able to use it
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Last updated: 08/02/2023 11:31