Last year's foreign exchange trading experience made me deeply aware of the importance of risk management. At that time, based on technical analysis, I judged that the EUR/USD would break through the resistance level, so I opened a long position at 1.1250, presetting a take profit at 1.1350 but not setting a stop loss. Unexpectedly, the European Central Bank announced to maintain its easing policy, and the exchange rate plummeted by 150 points in a single day, resulting in a paper loss of more than 8% of the account.

This lesson made me realize three key points: first, position management before major economic events is crucial; one should avoid holding large positions before significant data releases; second, the stop-loss mechanism is not optional but essential; it can effectively control the maximum loss of a single trade; finally, technical analysis must be combined with fundamental analysis, especially paying attention to the central bank policy calendar. Now, my trading strategy has undergone systematic adjustments: every trade enforces a stop-loss set at 1% of account risk, and before major events, I reduce the position to a regular 1/3, while establishing a macroeconomic calendar tracking mechanism, analyzing major central banks' policy trends weekly. These changes have made my trading system more resilient to risk, with the maximum drawdown controlled within 3% over the past six months, proving the effectiveness of the strategy adjustments. 31613157638