江师兄
--
In the last 10 days, I have cut my positions by 1 million, resulting in an account loss of nearly 40%. During this process, I indeed made several mistakes:
- Confused position management
- Confused stop-loss
- Confused breakeven settings
- Confused entry signals
- The most critical issue is that I also made frequent trading and other basic mistakes
The more I lose, the more I get caught up in it, opening more positions when losing. Besides not holding positions and over-leveraging, I basically made all other mistakes, completely falling into a state of "anchoring effect." This is a very scary state, and the main reason why the vast majority of traders suffer continuous large losses is due to becoming puppets controlled by the anchoring effect.
**Solution**
How can we make such an effect disappear quickly? Currently, I know two methods:
1. The simplest method: let the account drop to zero, completely stop trading, and the anchoring effect will disappear directly
2. The second method is to "stop": a completely calm method is to stop trading and allow myself to slowly return to the best state. During this period, I need to continuously learn from past knowledge, especially trading psychology knowledge.
**Current Adjustment Status**
- My trading has basically stopped in the last 2 days, even when I see opportunities, I have also stopped trading
- At this stage, I mainly adjust my state by writing posts, doing live streams, playing basketball, and traveling
- Waiting for specific market conditions that belong to me, reducing the trading frequency to the historical lowest point
- Maintain a "watching and not trading" state: I will not open positions unless there is a major market movement
- Refuse external interference: I remain steadfast when anyone mentions market conditions and analysis
**Thoughts on Trading Discipline**
- Although discipline is very important in trading, "waiting for opportunities" is the most difficult part
- Discipline only needs to restrain human nature, while waiting for opportunities requires resisting market temptations
- The market is ever-changing, and those who watch the market for a long time can easily be led by various market movements
- Most people cannot wait for the right market conditions, which is precisely why it needs to be cultivated.
- Confused position management
- Confused stop-loss
- Confused breakeven settings
- Confused entry signals
- The most critical issue is that I also made frequent trading and other basic mistakes
The more I lose, the more I get caught up in it, opening more positions when losing. Besides not holding positions and over-leveraging, I basically made all other mistakes, completely falling into a state of "anchoring effect." This is a very scary state, and the main reason why the vast majority of traders suffer continuous large losses is due to becoming puppets controlled by the anchoring effect.
**Solution**
How can we make such an effect disappear quickly? Currently, I know two methods:
1. The simplest method: let the account drop to zero, completely stop trading, and the anchoring effect will disappear directly
2. The second method is to "stop": a completely calm method is to stop trading and allow myself to slowly return to the best state. During this period, I need to continuously learn from past knowledge, especially trading psychology knowledge.
**Current Adjustment Status**
- My trading has basically stopped in the last 2 days, even when I see opportunities, I have also stopped trading
- At this stage, I mainly adjust my state by writing posts, doing live streams, playing basketball, and traveling
- Waiting for specific market conditions that belong to me, reducing the trading frequency to the historical lowest point
- Maintain a "watching and not trading" state: I will not open positions unless there is a major market movement
- Refuse external interference: I remain steadfast when anyone mentions market conditions and analysis
**Thoughts on Trading Discipline**
- Although discipline is very important in trading, "waiting for opportunities" is the most difficult part
- Discipline only needs to restrain human nature, while waiting for opportunities requires resisting market temptations
- The market is ever-changing, and those who watch the market for a long time can easily be led by various market movements
- Most people cannot wait for the right market conditions, which is precisely why it needs to be cultivated.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
0
0