I happened to come across this in the square. Some signal followers say that when they run into extreme market conditions or the direction isn’t right, it leads to such a huge account drawdown, poor mindset, and other problems. I’d like to say a few things here. Signal copying is actually very stressful. If things go right and you make money, everyone following the signals is happy. But if you lose money—especially if you lose quite a lot—your mood will definitely be bad too. When people are in a bad mood, they tend to have things to say. I’m not trying to gloat or take pleasure in anyone else’s misfortune. If the person copying signals has a really good mindset, good techniques, and solid strategies, then they wouldn’t choose to copy signals in the first place—so I understand this point as well.
I want to say: since I started learning technical analysis, it’s been 6 years. I’ve reported with and studied through several institutions. Some of what I learned was very one-sided, so I kept searching for better institutions to learn from. Now, I can say I’ve learned better skills at a relatively good institution, and what I’m doing now is continuously integrating what I’ve learned into real chart conditions—replaying charts and training based on the order book.
What I want to say is that during these 6 years, besides technical strategies and cultivating one’s mindset, there’s another crucial point: many people trade by risking big to win big. Some even don’t use stop-loss. Unless the position is so small that you can completely ignore it, otherwise including a stop-loss with every order should be the basic foundation of trading. Another point is: if your technical skill is refined enough and you have accurate buy and sell points, then when trading contracts, you can consider risking small to win big. Yes—risking small to win big. I think this should be the core of contract trading. For long-term and short-term accounts, it’s also about risking small to win big, or you can understand it as position splitting. One account is divided into 10 parts; you use one part at a time. It’s impossible that you’ll never get it wrong every time, right? With this approach, the psychological pressure will be much lower. Do you think so?
Go all-in and take the full plunge—if you lose 50% and you’re still left a little, what if you catch an opposite big bearish candle or a big bullish candle? “Keep the green hills there, and you won’t fear having no firewood to burn.”
Wishing you all good luck! 🌹🌹
I want to say: since I started learning technical analysis, it’s been 6 years. I’ve reported with and studied through several institutions. Some of what I learned was very one-sided, so I kept searching for better institutions to learn from. Now, I can say I’ve learned better skills at a relatively good institution, and what I’m doing now is continuously integrating what I’ve learned into real chart conditions—replaying charts and training based on the order book.
What I want to say is that during these 6 years, besides technical strategies and cultivating one’s mindset, there’s another crucial point: many people trade by risking big to win big. Some even don’t use stop-loss. Unless the position is so small that you can completely ignore it, otherwise including a stop-loss with every order should be the basic foundation of trading. Another point is: if your technical skill is refined enough and you have accurate buy and sell points, then when trading contracts, you can consider risking small to win big. Yes—risking small to win big. I think this should be the core of contract trading. For long-term and short-term accounts, it’s also about risking small to win big, or you can understand it as position splitting. One account is divided into 10 parts; you use one part at a time. It’s impossible that you’ll never get it wrong every time, right? With this approach, the psychological pressure will be much lower. Do you think so?
Go all-in and take the full plunge—if you lose 50% and you’re still left a little, what if you catch an opposite big bearish candle or a big bullish candle? “Keep the green hills there, and you won’t fear having no firewood to burn.”
Wishing you all good luck! 🌹🌹