$US I’ve seen too many people ride a market move with a small account, double their balance quickly, then give it all back in the blink of an eye. It’s not that the market is brutal—the problem is that they get overconfident after making a profit.
Last year, one of my followers started with 1,500U. He caught two market moves and shot straight up to 6,000U. He was so excited that he told Brother Li, “Making money doesn’t seem that hard after all.” As soon as I heard that, I knew trouble was coming.
The most dangerous phase for beginners is never when they’re losing all the time. It’s after a few wins, when their confidence starts to swell.
And sure enough, he started taking bigger and bigger positions, piling on more leverage, chasing rallies and selling dips, and placing more than a dozen trades a day. He thought gains of a few dozen weren’t worth bothering with, and whenever he lost, he rushed to make it back. In less than half a month, his 6,000U had dwindled to just 900U$SNDK
When he came to Brother Li to review his trades, I didn’t go into any complicated indicators. I just gave him three hard rules:
First, only take opportunities you understand. Don’t blindly follow the hype. If you don’t understand the market, stay out.
Second, no more than two trades a day. If there’s no suitable opportunity, stay flat. Don’t force a trade.
Third, exit immediately when your stop-loss is triggered. Admit when you’re wrong—never stubbornly hold on.
At first, he found it really difficult. He always felt that staying flat meant missing out. But once he gradually learned to keep his hands off the keyboard, his account finally stabilized.
Many people think the more often they trade, the more they’ll earn. The opposite is true. Whether your account can survive in the long run doesn’t depend on how many trades you place in a day, but on whether you can resist the urge to keep opening impulsive positions$MAGIC
Technical skills help you spot opportunities; discipline helps you protect your profits. Spend enough time in this space and you’ll understand: making money takes skill, but holding on to it takes real mastery.
Last year, one of my followers started with 1,500U. He caught two market moves and shot straight up to 6,000U. He was so excited that he told Brother Li, “Making money doesn’t seem that hard after all.” As soon as I heard that, I knew trouble was coming.
The most dangerous phase for beginners is never when they’re losing all the time. It’s after a few wins, when their confidence starts to swell.
And sure enough, he started taking bigger and bigger positions, piling on more leverage, chasing rallies and selling dips, and placing more than a dozen trades a day. He thought gains of a few dozen weren’t worth bothering with, and whenever he lost, he rushed to make it back. In less than half a month, his 6,000U had dwindled to just 900U$SNDK
When he came to Brother Li to review his trades, I didn’t go into any complicated indicators. I just gave him three hard rules:
First, only take opportunities you understand. Don’t blindly follow the hype. If you don’t understand the market, stay out.
Second, no more than two trades a day. If there’s no suitable opportunity, stay flat. Don’t force a trade.
Third, exit immediately when your stop-loss is triggered. Admit when you’re wrong—never stubbornly hold on.
At first, he found it really difficult. He always felt that staying flat meant missing out. But once he gradually learned to keep his hands off the keyboard, his account finally stabilized.
Many people think the more often they trade, the more they’ll earn. The opposite is true. Whether your account can survive in the long run doesn’t depend on how many trades you place in a day, but on whether you can resist the urge to keep opening impulsive positions$MAGIC
Technical skills help you spot opportunities; discipline helps you protect your profits. Spend enough time in this space and you’ll understand: making money takes skill, but holding on to it takes real mastery.