If it weren't for the liquidation that day, maybe I'm still working now. I will always remember the market situation that day.
I made three correct orders in a row, and the floating profit of the account was close to 20%. My head started to heat up and my hands started to itch. I knew that the risk control rule was "maximum 2% risk per order", but at that moment I told myself
"This market is so smooth, there shouldn't be any mistakes"
So, I started to increase my position and increase my leverage to enter the market
The market did go in my direction at the beginning. I thought I was going to double my money, and even took screenshots and posted them on IG and WeChat Moments
You guessed the result
A major news release caused a sudden reversal of the market, the stop loss was not set properly, and the platform slipped severely
Within a few minutes, my account went from a floating profit of 20% to a liquidation
That night, I sat alone in front of the computer for three hours without speaking
It's not regret, but my head is empty
It's not that I haven't lost money before, but that time I lost too much
Not only did I lose the principal, but I also lost confidence, calmness, and principles
I began to think, I spent more than a year learning technical analysis, why would I make such a low-level mistake?
The answer came to light later
I wasn’t learning “how to be a trader”,
I was only pursuing “how to make quick money”
Old traders say that trading is the cultivation of human nature
I used to think it was very mysterious
Until the day of the liquidation, I really realized
Trading is never about who has more skills, but who can stabilize themselves
From that day on, I made several decisions
Write a trading plan before placing an order every time, without ambiguity or overfitting
Accept losses, stop loss is stop loss, and don’t waste yourself
Treat trading as a career, not emotional speculation again and again
To be honest, I haven’t “become a great god” yet, but I know I’m on the right path
If you are experiencing losses and doubting your life now——
I want to tell you
Don’t be afraid!!!
We have all stared at losses in front of the chart,
We have all wondered if we are not suitable for this path
But sometimes, the real turning point,
comes from a heart-wrenching liquidation
Do you still remember when you had your first liquidation?
That day, how did you get through it?
Feel free to share your story in the comments section. Maybe it will help others avoid detours.