Sharing trading experience
In trading, many people find it difficult to control their positions.
Greed makes us desire the maximum return, and when the market rises, we ignore the risk and enter the market with a heavy position; the FOMO psychology caused by market fluctuations makes us eager to seize the opportunity and hastily increase our positions; overconfidence after several successful transactions will underestimate the risk and blindly increase our positions; when we lose money, we are unwilling to admit our mistakes, "the more we lose, the more we increase our positions".
In fact, we can solve this problem through the following methods:
1. Set the risk of each transaction to no more than 5%-10% of the total account funds;
2. Set stop loss and take profit points before trading and strictly abide by them;
3. Build positions in batches to diversify risks;
4. Reflect after trading, accept mistakes and avoid repeating them.