From 100,000 U to 5,000 U: Are you really trading, or just giving away your money?
Last year, a fan told me: "I only have 5,000 dollars left in my account, I'm about to blow up."
When I looked at his trading records, I was speechless:
Dozens of trades a day, transaction fees almost more than the losses,
not taking profits when the market rises, stubbornly holding on when it falls, and in the end, blowing up and only having the shirt on his back.
Does this sound familiar? Is it like you right now?
The three-piece set for retail investors, how many have you fallen for?
High-frequency chaos:
Staring at one-minute candlesticks until dizzy, trading dozens of times a day,
thinking of yourself as a "pro" doing day trading.
In reality, you're just a "transaction fee knight" paying an IQ tax.
Belief in holding positions:
"The bull will return, it will come back soon!" but what comes back is not a bull market, but zero.
FOMO all-in:
Seeing others flaunt their 100x coins, getting hot-headed and going all in.
Waking up to find only single digits left in the account.
During that time, he was still glued to the screen at 3 AM,
ashtrays piled high, finally slumped in his chair asking himself:
"Am I being slaughtered by the market like a pig?"
I told him to do just 3 things, and he started to recover.
1. Sniper trading, only trade when certain.
Throw away the one-minute candlestick, only look at 4-hour or longer breakouts.
No more than 3 trades a day.
Feeling fidgety? Go lift weights, don’t touch the keyboard!
2. Devil's rolling technique: win big, lose small, let profits run wild.
Initial position no more than 10% (500 U), add more after making a profit.
Take half profit immediately when it rises 20%, and move the stop loss for the rest.
Cut losses immediately when it drops 5%, no fantasies, no averaging down!
3. Strict discipline: stop-loss is a lifeline, not optional.
If you have two consecutive stop losses, shut down!
Feeling emotional? Pause trading!
Daily review of trades: understand your losses clearly, maximize your gains!
Turning around is never about going all-in, but about being "cold-blooded."
He said: "No one taught me these things before."
I said: "It's not that no one taught you; it's that you don’t want to admit you're a gambler."
Those who blow up, 99% die from one phrase:
"Just hold on a little longer, and I'll break even..."
Now, open your trading records,
Are you brave enough to face yourself and see how you lost it all?