$BLESS —Making contracts and staying at a loss isn’t bad luck; it’s trading habits dragging you down.
Bad habit one: going all-in. For people with light positions, pullbacks happen and they still survive. For all-in traders, one pullback and they’re out. It’s not dying because you picked the wrong direction—it’s dying because your position is too heavy.
Bad habit two: refusing to cut losses. Turn a small loss into a big one, then a big one into liquidation. When your stop-loss hits, leave immediately. If the direction is wrong, exit right away. One second slower means you lose an extra minute of profit—staying too long on one trade means you miss the next opportunity.
Bad habit three: adding to positions while in floating profit. Raise your cost with one pullback breaking through—you end up giving back all the money you made. Adding to size in floating profit is the most dangerous greed. After you’re up, the only thing you should do is lock in the gains.
Bad habit four: frequent trading. Seven or eight trades a day isn’t enough to cover the commission. You don’t need to trade every day—only act when the signal arrives. The less you trade, the less you lose, and the longer you stay in the game.
Fixing these bad habits on just one account can make you steadier. If you don’t know how to change, come to the chat room—I’ll teach you.
I’m Xuan Ge, a practitioner. If you want to keep up with the pace, follow me @分析师渲哥 . See you in the chat room. You focus on execution; I’ll guide you to shore. This road—only when you move does it count as starting.
#美日2011年来首次联合干预日元
Bad habit one: going all-in. For people with light positions, pullbacks happen and they still survive. For all-in traders, one pullback and they’re out. It’s not dying because you picked the wrong direction—it’s dying because your position is too heavy.
Bad habit two: refusing to cut losses. Turn a small loss into a big one, then a big one into liquidation. When your stop-loss hits, leave immediately. If the direction is wrong, exit right away. One second slower means you lose an extra minute of profit—staying too long on one trade means you miss the next opportunity.
Bad habit three: adding to positions while in floating profit. Raise your cost with one pullback breaking through—you end up giving back all the money you made. Adding to size in floating profit is the most dangerous greed. After you’re up, the only thing you should do is lock in the gains.
Bad habit four: frequent trading. Seven or eight trades a day isn’t enough to cover the commission. You don’t need to trade every day—only act when the signal arrives. The less you trade, the less you lose, and the longer you stay in the game.
Fixing these bad habits on just one account can make you steadier. If you don’t know how to change, come to the chat room—I’ll teach you.
I’m Xuan Ge, a practitioner. If you want to keep up with the pace, follow me @分析师渲哥 . See you in the chat room. You focus on execution; I’ll guide you to shore. This road—only when you move does it count as starting.
#美日2011年来首次联合干预日元
