For example: today the market rebounded a little, and you are thinking, if you had held out yesterday and not closed the order, would you have lost tens of thousands less now? You start to feel depressed again. Unfortunately, there is no if. I don’t know when the bottom will be, nor when the top will be. I am just a small leek in the currency circle, just a small leek begging and rushing to give money and liquidity to the big guys. Let’s review this wave of losses.
1. Thinking that their leverage was low, the liquidation price was low, and they still had spot funds to cover their positions, they did not set a stop loss, thinking that they could get through it anyway. So after the first day of the plunge, they actually found that the rebound was weak, and they did not think about reducing their positions or closing their positions to reduce losses.
2. Without a stop loss, I was worried about liquidation, so I added margin and opened positions several times in a row, hoping to lower the cost. However, in the face of a black swan, no amount of funds was enough. There were big problems with position management. The secret of Chinese medicine is the quantity, and the secret of contracts is the position.
3. I didn’t consider the black swan when I was planning this wave of contracts. Actually, I did consider it, so I closed my positions by myself when there was no liquidation. But when I really faced the black swan, I couldn’t suppress the fear at all. The root of the fear was that I had no money to increase my positions, and the contract could not be closed like the spot.
4. The depth of several contracts is very poor. The daily trading volume is only about 5 million U. It is easy to get stuck at a very deep level, but no one pays attention.
5. There are many loopholes in my trading system, but the root cause is that it cannot be executed well. It should be either left or right, but it is sometimes on the left and sometimes on the right during operation.
6. No stop loss, no stop loss, or no stop loss
