Share some trading experience summaries: 1. Most losses come from the eagerness to break even. Starting with small losses and trying to make a swing trade, after losing, one gets anxious to recover the losses. This eagerness leads to frequent averaging down, and frequent averaging down causes anxiety about gains and losses.....
2. Even if one is making money, seeing others earn hundreds of thousands or millions makes one feel worse. One wishes to leverage fully, wanting to make a big profit too. Seeing others earn makes one feel worse than their own losses.
3. After opening a position, making a small profit and running away, then missing out on a big market movement, followed by wanting to catch the next big market. As a result, after making some profit, it retracts, and one gets stuck, repeatedly going through this torment….
These issues can actually be resolved, but one must first understand the deeper reasons behind them to think about how to solve them.
In trading, the most important factors are mindset and position management rather than technique. Having the correct mindset allows you to survive and make profits continuously. One should also see that many people have traded for years without profit, but after reading one of my articles, they had an epiphany and found the right path, leading to a significant turnaround and massive profits.
This is the magic of mastering the correct trading mindset, but it also requires substantial capital; a low position size is necessary to profit and ensure the trades remain active.
If you are currently losing consistently and don’t know what to do, you can click to follow me, click on my avatar to find me anytime; all contract and spot trading strategies are shared. Just trying to gain followers.
