Why can't you control your position? In fact, the reason is very simple, it is greed and fear that are at work. You see the market rising, and you think about increasing your position to make more money. At this time, you have already forgotten the risk. As a result, a big market fluctuation comes, and the loss is often greater than you imagined. This is greed that makes people forget the risk.

The panic of missing opportunities often makes people lose control. You see the market rising, and you think that if you don't seize this opportunity, you will never make money again, so your position becomes heavier and heavier. But the fact is that FOMO emotions will only make you irrational, violate the original plan, and the risk will naturally get out of control.

Overconfidence can also harm people. After several successes, you feel that you are invincible and that you can see the market trend accurately, so you increase your position more and more, and as a result, a wave of correction can bring you back to the original shape.

It is a taboo not to admit mistakes when you lose money. When you lose money, you are unwilling to admit your mistakes and think about increasing your position to spread the cost. In fact, doing so will only make your position bigger and bigger, and the risk will increase exponentially.

Solution:

1. Strict position control: The risk of a single transaction should not exceed 5%-10% of the total funds. This rule can help you deal with market fluctuations effectively and avoid losing everything.

2. Set stop loss and take profit: set the loss and profit targets you can bear before trading, and strictly implement them when you reach the target, without letting emotions interfere.

3. Build positions in batches: don't go all in at once, enter the market in batches, and the risk can be dispersed. If the market fluctuates in the opposite direction, at least you can still have room for adjustment.

4. Review summary: calmly reflect on the reasons for success and failure after each transaction. Admit that losses are part of trading, learn to accept wrong decisions, and avoid making them again next time.

Don't know what to do? Come to me!