NO stoploss AND THE BITTER END
1. Lack of Discipline ==> You WILL LOSE HEAVILY
2. Incorrect Volume ==> WILL CAUSE YOU TO LOSE.
(Lack of Discipline ==> Playing without stl ==> YOU WILL LOSE).
+ Are there any brothers who trade futures and incur losses due to incorrect volume (entering large orders, entering scattered orders), not setting stoploss leads to losses, losing money unjustly???
==> Even many brothers LACK DISCIPLINE let it drift leading to losing MONEY or losing A LOT OF MONEY??
1. Most of the brothers when playing futures usually think that the coin will drop ==> then it will RISE again.
+ There are many times when brothers set stl and then -- it hits the stl, the coin bounces back to entry and is profitable ==> Brothers get frustrated, if this happens a few times, it will lead to the MINDSET of brothers -->> why set stoploss, it will bounce back anyway.
+ Many brothers think they have A LOT OF MONEY ==> it drops so they DCA (averaging price) ==> when it BOUNCES back up, they will MAKE PROFIT.
==> Brothers, if it DOES NOT BOUNCE, the average volume increases, when the market dumps strongly (like the recent OM from 6.6$ to 0.3xx$ ) then A LOT OF MONEY will also B.U.R.N, at this point it will be a FINAL BOUNCE, brothers.
2. Most of the brothers think they enter really large orders, then EAT QUICKLY 1-2% and then fall, then run,...locking in Sure Profit 😂
+ This way of thinking, this way of playing is COMPLETELY WRONG, brothers.
==> Brothers think this way of playing can eat 6-7-8-9 orders... BUT unlucky hit right on the 10th order they just entered ==> the market dumps strongly then the first few orders they EAT QUICKLY are NOT ENOUGH to OFFSET the losses, even B.U.R.N through all capital and profits.
🤝 Advice for the above 2 cases:
+ Playing futures means you MUST DISCIPLINE and set clear stl.
==> Brothers can set stl 3-4-5% or even higher but must still set stl.
+ Some days you win, some days you lose, if unlucky and hit stl 2 times then relax, play again tomorrow, DON'T GET FRUSTRATED, DON'T PLAY against the market when your spirit is not comfortable.
+ Get into the habit of maintaining volume.