《The first hundred thousand of ordinary people should not be consumed, but should be bullets》
I have never wanted to give up leverage so much. In contracts, I feel that unless the principal is large enough for the trader to be satisfied, one can rationally allocate positions. Currently, this target position should be around 100,000 RMB for me.
Assuming that one day in the future my funds reach 100,000, I will choose to start flexible position trading, because even if the monthly yield is 10%, 10,000 is enough to support my current life, provided there is stable profit and the ability to control drawdown.
Currently, my goal for myself is 100,000 yuan, 1.4 wu, without any debt.
Before 100,000: Pay off debts and get rid of off-exchange leverage. Trading with high leverage will make losses more intuitive than profits. Trade large and small contracts with small funds and low leverage, below 5 times.
After 100,000: Give up leverage, try position trading, and gradually enter a compound interest trading system.
No time requirements.
Those who are born with more than 100,000 principal often die quickly when they first enter the industry, because they lack the sedimentation of the former. Unless they have extraordinary talent and can realize human shortcomings in a short time, they will fall into traps one by one, and lose even more money.
I bought a notebook to prepare to record my daily thoughts in the future. Achieving self should not only be about financial compounding; thoughts are equally important.
(I didn’t expect that the person who practiced writing every day in high school has not held a pen for two years, and their handwriting is so ugly)
