Hello everyone, today I would like to share a little bit so that any newcomers will have more useful information.
These are real experiences that I have drawn from myself and not taken from anyone else.
1. When I first started playing, like many of you, I saw people sharing their high-profit experiences, and seeing that made me greedy (to put it bluntly, anyone entering this market hopes to double or triple their account). So seeing that, I started to deposit 1 million and played futures with a leverage of 20 to 25 (because when just starting, they hadn't opened high leverage, otherwise I would have chosen full leverage), because at that time my mindset was to earn quickly.
Then, once I entered, the chart would go up a little bit, meaning I had a small profit. But I dare say that no one would take their profits at that moment. Because I was the same, at that time greed took over, and my mind tricked me into thinking that profits would continue to increase. So I just left it (at that time I didn’t even know what stop-loss was), and then suddenly, not even 5 minutes later, I received an email notifying me about my account.
- I wrote this a bit long, and what I want to say here is that psychology is very important in this market. Especially for those who are just starting out, with such a mindset, you will have a gambling mentality of going all in, betting everything with the chance of winning it all or losing it all. But such luck is very rare. From my own experience, I burned through 1 million, 2 million, and then 5 million. Personally, at that time, that amount was significant for me. But because I couldn't control my capital and manage risk, I won little and almost burned my account.