Many people think that turning the tables is difficult, but it's not about the skills; it's about you failing at your own hands.
I've seen too many people fall into these 3 traps:
① Averaging down as soon as it drops, even doubling down
Thinking that when it drops, it's an opportunity, leading to a reckless "reverse all-in" that ends badly
When 200,000 isn't enough, one failed trade wipes everything out
② Dozens of trades in a day, like pulling cards, getting high on it
Earnings are less than the fees
③ Impulsive full positions, going all-in every time
Always thinking about getting rich from one trade, but end up liquidating in one trade, account cools down, and emotions take over
Previously, a fan was just like this
200,000 blown away... only 10,000 left
Later, I told him to do one thing: roll the positions, the aggressive kind.
Not to randomly double down, but to strictly follow the "model":
Don’t chase the tail, only capture the middle part of the trend
Enter only when the market breaks key levels, take profits at 50-60% of a trade, don’t be greedy for that last bit
Pyramid-style positioning
With 10,000 capital, only open with 1,000 for the first trade
Use profits to scale up, and if it loses, stop-loss right there
This is called "can afford to lose, can win quickly"
Stop-loss is always faster than you think
Cut losses at 2% per trade, and when profits double, raise the stop-loss to the break-even line
Now it has turned back to six figures
He said something that I remember to this day:
"I used to think I could turn things around with one trade, but now I realize it's a strategy that helps me survive."
Most people aren't lacking luck; they just often use the wrong methods to repeatedly pay tuition.