7.10 (July 10) mainly trade gold & US stocks

Principal: 800u. On 7.10 the account was 780u. Today’s loss: 1385u. Cumulative profit: 4u
Trade log: today gold 1 trade, Nasdaq 1 trade; both were losses

Trading is this anti-human, this painful, this difficult

After rolling over three days at 500u, then rolling over again to 2000u, today brought the pullback I expected

Reflection: greed for profit. From losing to making money, then back to losses—this made me set my stop-loss too large every time, so the losses became even bigger…. This is the curse of “having a big-picture mindset.” When you don’t hold, you always miss the sell at the top; when you hold, you always end up losing….

1. In the afternoon, gold saw a sharp drop. For the first trade, I wanted to wait for gold to rise and then continue shorting. I was too急 and entered the short early. The result was that it kept pumping up, then consolidated. I took a 4x profit, and the constant consolidation caused my psychological pressure to skyrocket. I impulsively chose to close the losing order early. If I’m not mistaken, gold would drop soon… At this point, the loss was 300u

2. In the evening, I usually focus on trading nas100. From the chart, nas100 already showed a head-and-shoulders-top breakdown pattern, and today’s nas has been in a downtrend the whole time. I decisively set up short positions. At the open, nas first pumped up and then went down. This was when Trump said something—nas instantly crashed. Greed started messing with my judgment! In this wave, I didn’t choose to take profit; instead, I kept holding “in a bigger-picture mindset.” If I had exited, my funds would be at 2600u right now!

This crash made me misjudge tonight’s nas. I thought it would keep dropping to the previous bottom. At this time, my judgment was still wrong—nas gave me another chance to escape, and I still chose to hold… The result was a violent rally that pulled the account into a state of 20% loss. At that point my mind was already distorted. I kept raising the stop-loss higher and higher, and the end result was that one big move took away all the profits.

Personal takeaways:
The last step in trading is to defeat the inner demon. If the inner demon can’t be defeated, you will never succeed

Mindset is the most important. No matter how skilled you are at trading, if your mindset is bad, the outcome will have only one possible ending!

God is also punishing me, I guess—if I know everything but still can’t do the unity of knowledge and action, then let you suffer..

(There are always opportunities; principals don’t always exist) Mutual encouragement #黄金 #CFD #Nasdaq