2025.4.23 Lao Jiu's Hundredfold Trading Review
Goal: $100 principal to earn $10,000, currently $130
The trading discipline goal is to not exceed 3 trades per day and a loss ratio of no more than 5%.
Today's number of trades: 8, profit and loss situation: -7.14%.
Last night, I didn't hold onto the profitable position, and today I keep wanting to short, which is really a bad mindset. There was no signal to short, and the long position was not good either; both long and short trades resulted in losses, and without any positions, I kept making random trades. In addition to controlling the trading frequency, I also need to cultivate the habit of holding positions for a longer time.
When buying, I still need to use a small position to test the waters, and wait for a suitable position to add the remaining position; this way, my mindset will be better. If the buying position is not suitable, it is easy to get stopped out by a rebound, and the stop-loss can also be too large.