Last year, a fan approached me. His account balance had plummeted from an initial 100,000 U to only 5,000 U. His condition mirrored that of 90% of people losing money in the market:
High-frequency trading, sending 'heads' up. He frantically executed high-frequency trades, making dozens of trades a day, with fees quickly consuming his capital, even faster than his principal dropped. Such lawless trading is like firing a Gatling gun wildly in the market; it seems powerful but is actually blind and ineffective.
Stubbornly holding on, mistaking faith for hope. He kept muttering 'The bull will return, hurry back!' stubbornly clinging to losing positions, thinking that as long as he persisted, the bull market would arrive on schedule. But what came was not the dawn of a bull market, but the cruel reality of asset depletion.
FOMO emotions at play, betting it all and becoming a victim. Seeing others flaunting hundredfold returns from Dogecoin, he impulsively jumped in with all his funds. As a result, he woke up to find his account assets significantly shrunk, leaving only a small amount. During that time, he stayed up every night at 3 AM staring at the market, with an ashtray piled high with cigarette butts, his eyes blurred from looking at the candlestick charts, ultimately collapsing in exhaustion in his chair, filled with doubts: 'Am I just being slaughtered like a pig by the market?'
When he came to me with 5000U, I coldly said, 'Want to turn it around? First, learn to trade like a sniper, stop shooting blindly!' I developed a trading strategy for him:
Focus on certain market trends, refuse to be a slave to candlesticks. Abandon short-term noise like 1-minute candlesticks, and only pay attention to breakouts on 4-hour or higher timeframes. Adhere to the principle of 'I'd rather miss 10 opportunities than make one wrong trade,' strictly limiting daily trades to no more than 3. If you feel restless, go lift weights, and absolutely avoid touching the keyboard.
Devil's Position Control Technique: Reasonably control your position size, letting profits run. The initial position should never exceed 10% (i.e., 500U), and additional positions should only be considered when in profit. When profits reach 20%, immediately take profits on half, and set a trailing stop for the remaining portion, holding firmly to maximize profits. If losses reach 5%, decisively cut losses and never add to the position, without any illusions. Stop-loss is a lifesaver in the market; being overly optimistic will lead to destruction. If you encounter two consecutive stop-losses, shut down immediately to avoid revenge trading due to emotional highs.
Persist in reviewing trades for higher quality. Take time each day to carefully review trading records, clearly understanding the reasons behind every loss, and also summarize the experiences from each profit, aiming to understand losses fully and maximize gains.
He followed this strategy and gradually recovered a significant amount. Later, he asked me, 'Why did no one tell me these things before?' I smiled and said, 'Because 99% of people would rather blow up their accounts than admit they are actually gamblers in the market.' In the trading market, to turn things around, the first step is to learn to survive. Before losing all your capital, make sure to master the essential skill of stop-loss. Remember, discipline is paramount! 99% of those who blow up their accounts fall victim to the hopeful mentality of 'Just hold on a little longer, and I can break even.' Now, do you dare to face your trading records and closely examine how you actually lost money?
Stay nostalgic, analyze with precise strategies, and use massive AI big data selections to keep yourself unbeatable? The market never refuses opportunities; the question is whether you can seize them. By following experienced and the right people, we can earn more!
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