The year before last, a friend jumped into the market with 80,000 U, and in less than three months, his account was left with less than 3,000 U.
When he found me, his eyes were red, and he was full of regret:
Chasing highs and killing lows, getting washed out by the market fluctuations;
Adding funds stubbornly, only to dig himself deeper;
Watching others make money and getting tempted, he went all in, only to be met with a big waterfall.
During that time, he almost lost his life savings.
He was distracted at work during the day and stayed up at night watching the candlestick charts, afraid of missing an opportunity.
Once he said to me: Is the market targeting just me?
I laughed: The market doesn’t recognize you; it’s just focused on all the undisciplined traders.
I only let him do three things:
Keep your hands steady, learn to wait.
When the market is unclear, do nothing!
Only look at daily and 4-hour charts; if the trend hasn’t formed, act like you didn’t see it.
Better to miss ten opportunities than to make one mistake. No more than 3 trades a day; if you feel restless, go for a run, and don’t keep staring at the screen until you can’t sleep.
Manage your position, learn to cut losses.
Don’t invest more than 10% at a time; if you lose, reduce your position, only scale up when you win.
Cut losses at 5%, take half the profit at 20%, and let the rest ride with a trailing stop.
If you lose twice in a row, shut down your computer and try again the next day.
Keep a record, learn to review your trades.
Write down every trade: why you entered, why you exited, and what the outcome was.
Losing money isn’t scary; what’s scary is losing without understanding why. Only by clearly writing down your mistakes can you avoid repeating them next time.
After six months, his account grew from 3,000 U to nearly 40,000 U.
Not through miracles, but through discipline.
I told him: The ones who truly keep their money are never the so-called "gifted" but those who can endure and don’t mess around.
The market never lacks opportunities; what it lacks are those who can endure, cut losses, and wait.
Brothers, turning the tables isn’t about passion; it’s about being cold-blooded.
Do you dare to open your trading records now and see the reasons for each loss?
If you can’t face it, you are destined to keep losing.
What you lack isn’t hard work; this market also doesn’t lack opportunities. What you truly lack is someone who can help you achieve stable profits in this market.
