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Details: ht
On a cold night five years ago, I experienced a nightmarish trading crash. In just a few hours, my account fell from seven figures to negative five hundred and seventy thousand, as if I had plunged into an abyss. This painful experience plunged me into a state of despair for three months.
However, after countless nights of tossing and turning, I finally realized: my failure was not due to luck, but stemmed from my ignorance of the market. The market is not a casino, but a brutal battlefield that tests one's understanding.
With this awareness, I start anew. Using the last available limit on my credit card, I gathered 80,000 in principal and set strict trading rules for myself: use only 5% of the position each time, set clear stop-loss points, and write a review note after a failure.
In the days that followed, I immersed myself in market research. Over seven hundred hours of study and the creation of thousands of trend charts gradually led me to understand the market emotions hidden behind the candlestick charts.
In this process, I have summarized four valuable trading survival rules:
1. Trend selection: Only choose targets that have stood above the 120-hour moving average, staying away from the risks of a downward channel.
2. Layered Layout: Establish observation positions when key moving averages are broken, and consider increasing positions after confirming a pullback, never risking a full position.
3. Strict Stop Loss: If a single loss exceeds 3% of the principal, stop loss immediately. If the daily loss exceeds 5%, stop trading for a week to protect fund safety.
4. Multiple Verification: Action is taken only when at least two technical indicators resonate, avoiding subjective speculation.
Following these rules, ninety days later, my account balance surpassed ten million. However, this success did not make me blindly arrogant. I am well aware that what is truly valuable is that enlightening night: the market only favors those who are willing to keep learning and punishes those gamblers who hope for luck.
I once met a female trader who went all in during the bull market, unwilling to cut losses even when the price fell below the support line, ultimately leading to an 80% reduction in her assets. She tearfully admitted, "I know I should cut losses, but I just can't accept it." This example strengthened my belief that in this opportunity-filled market, the rarest qualities are the courage to admit mistakes and the determination to stick to discipline.
When you truly understand these principles, the growth of your account is just a matter of time. The path of trading is long and arduous, but as long as you maintain your passion for learning and adhere to a disciplined attitude, you will eventually find your place in this market.