Before you learn how to make money, you must first learn how to lose money.
Once you learn that no matter how much you are losing, as long as you make a mistake, you can immediately cut your losses without feeling heartbroken.
If you can't learn to lose money, you will never be able to make money.
This is a new student who managed to lose 1200u with a 30u margin, which is quite impressive; fortunately, she is a wealthy lady from Chaozhou.
She said that during that time, every morning she woke up just to deposit money, adding tens of thousands to her margin every day.
Fortunately, she did not have the habit of increasing her position; if she did, no amount of money would be enough to cover it.
The first thing she did when she enrolled was to cut all her losses. Even though it was hard to let go, she had to do it, and now she has recovered a large part of her losses.
Teaching you to lose money is not really about making you lose money; it’s about training your mindset. Treat U as joyful beans; being overly anxious about gains and losses affects your mindset too much. Not every trade I give makes a profit; previously, there was one where I called for a stop-loss, but he insisted on holding on, and in the end, he still blew up his account.
I directly refunded his money and left.
Cutting losses is a form of execution; it doesn’t actually mean to make you lose money.
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