Thank you to the old viewers for accompanying and silently supporting me all the way. I have done my best within my capabilities to help everyone. I have provided all the hints I can, and I have tried my best.
Although this round of profits is good, I still have some shortcomings that I need to learn and improve further. Any system will always have periods of loss. No one can consistently profit without setbacks.
I just hope that everyone can support or thank me now, but I hope that one day when I am at a low point, everyone can encourage me more and criticize those who speak ill of me. If everyone can help me with this, I will be very content. 🙏🏻 Grateful for fate, thankful for our encounter.
I haven't updated articles for everyone in the past six months, and the core reason is that I experienced the largest drawdown of my career. Today, I hope to share my insights to help some friends who are still in a low point.
The reasons for the drawdowns are as follows: 1. The contract system was not perfect at the time. The position design was unreasonable. 2. Personal judgment ability regarding the cycle position was insufficient. The expectations for trades were incorrect. This is practically reflected in holding positions when I shouldn't, and jumping ship too early when I should. Secondly, it manifests in an inappropriate aggressiveness in position size. At the beginning of the market movement, when I should have increased my position size, I didn't; and when the market was in a range, I increased my position size. This is one of the important reasons I couldn't hold onto the fruits of victory. Additionally, my ability to judge the position in the cycle is not mature enough, leading to opposite operations in the face of two completely different expected market conditions: being appropriately aggressive outside the range, while taking profits quickly in the rebound inside the range. Now, looking back at my inner feelings, it's a mix of emotions.
Sharing the 7 steps of growth with everyone is my summary of the path of people who eventually achieve stable profits in the market.
Whether it is the cryptocurrency circle, US stocks, foreign exchange or A-shares, every "hero" who hopes to make stable profits from the market will take these 7 steps.
I originally wanted to make a video reviewing this representative trade, but unfortunately, I've been too busy trading these past two days. Once I have some free time, I will share the entire process of this trade with everyone.