I found that what truly causes many people to suffer huge losses is not the technology, but rather the loss of the ability to endure the fluctuations of their positions.
Recently, I have come into contact with some friends who have suffered significant losses. Even when given a correct medium-term strategy, they cannot hold on. It is not that they do not recognize the strategy, but the psychological trauma from their losses has already left a deep mark in their hearts.
They have lost too much before, so with every trade, they hope for a "big turnaround." They take on positions that are absurdly heavy, as if handing their lives over to the market the moment they place an order.
Every time the candlestick moves a point, their hearts leap; every fluctuation in account balance sends their adrenaline soaring; they stare at the screen without daring to blink, fearing they will miss a rebound or a crash.
At that moment, they are not trading; they are waiting for a verdict.
You think you are doing finance, but in reality, you have become a chip.
You think you are smart, but in that state, you are worse than a gambler.
Trading should be calm, an execution based on probabilities and plans.
But when a person pins all their hopes on a single order, every market fluctuation tears at their psychological defenses.
Losses are not terrifying; what is terrifying is losing the ability to "withstand fluctuations and hold good positions."
Position size determines fate; light positions can survive, while those with heavy positions... hover on the brink of death every day.
A truly mature trader is not one who wins heavily, but one who can afford to lose and hold on.
You can only seize opportunities if you can let go of fear.
If you are controlled by emotions, no matter how good the strategy, it will turn into a nightmare.