Steady progress towards financial freedom! As we enter the third month, due to exceeding the targets in the previous period, let's see if we can meet next month's goal. Stay tuned! The target amount has reached 10,368 USD.
Since I ventured into contract trading, it feels like I have embarked on an adventure full of unknowns and challenges. Every day feels like walking on thin ice! Looking back on the last two months of trading experience, I have treaded very cautiously at every step and accumulated quite a few valuable insights that I would like to share with everyone.
Entering the market with a capital of 5,000 USD, I felt both nervous and full of anticipation. At that time, I set a small goal for the first month to increase my capital by 20%, reaching 6,000 USD. Who would have thought that luck would favor me, and I would eventually break through the 7,000 USD barrier? This unexpected joy instantly ignited my enthusiasm for subsequent trades. Now, the goal for the second month is 7,200 USD, which has also been achieved. Although there is still a long way to go to the ultimate goal of earning tens of millions in assets in 3 to 5 years, the smooth progress in the early stages has made me firmly believe that as long as I adhere to my strategy, anything is possible. I am steadily moving in this direction.
In terms of trading methods, I follow a 'minimalist approach'. I am not burdened by complex technical analysis, nor do I blindly speculate on market ups and downs. In my view, those dazzling technical charts do have their value, but for me, profit is the most practical indicator. Regardless of the profit amount, even if it’s just a few cents, it is all a part of successful accumulation. I enter the market with small positions, gradually increasing my holdings according to market changes, while strictly controlling risks and setting a 10% stop-loss threshold for myself. It's like putting a 'life jacket' on my little wealth boat; only by ensuring capital safety can I continue to sail in the tumultuous market and reap more wealth.
Speaking of following trades, I have some heartfelt advice for everyone. For friends with small capital, I sincerely recommend not to follow trades. I have seen too many small capital followers return empty-handed. The main reason is that the capital is too small; once the market fluctuates slightly, there isn't enough capital to increase positions for recovery, leading to inevitable stop-losses and difficulty in achieving profits. Also, those who hope to achieve wealth increase in just a few days are not very suitable for following trades. My trading pace is relatively slow, with daily profits not even reaching 1%. It may seem slow, but it's stable and enduring. If you choose to follow trades, you must have enough patience, as our goal is long-term operations of 3 to 5 years. Only by enduring can we secure the final fruits of wealth. On this challenging journey of contracts, I look forward to working with like-minded partners to realize the dream of financial freedom with patience and wisdom.