There are plenty of people wiped out, and their skills are not bad, but why do they still lose money? Actually, the problem is not with K-line analysis, but with these two words: position control.
I've seen too many beginners who go all in right after entering the market. An account of 10,000 yuan, fully invested immediately. When it rises a little, they dream of tenfold profits; when it drops a bit, they panic and cut their positions to run away. Such operations are no different from gambling.
I used to play like that in my early years. I earned quickly, but lost even faster. Even when I judged the market correctly, the money was still gone. Later, I realized that the ones who survive are not the ones who make the most money, but those who can afford to lose.
The change happened when I started doing one simple thing: profit on top of profit. Enter each trade with a small test position, add more when the market moves in your favor, and cut losses immediately when it goes against you. Never confront the market head-on.
This approach might not be as "exciting" and doesn't give the thrill of heavy leverage and rapid gains. But you'll find that your account grows steadily, and your mindset becomes more and more stable. Being able to stay out of the market for three or five days without action, or to make a quick trade when the rhythm arrives, is all part of it.
Many people get wiped out in the market, but it's not really because of poor market judgment; it's because of two things: emotions and illusions. When non-farm payroll data exceeds expectations, they chase wildly; when a negative news appears, they cut and run. Repeating this cycle, eventually, the principal is gone.
Want to truly turn the situation around? First, stop opening positions recklessly, stop heavy bottom-fishing, and stop risking your principal on luck. The market will give you opportunities, but only if you stay alive to seize them.
Taking it slow doesn't matter; as long as the direction is correct and the rhythm is steady, this path will always be under your feet.
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There are plenty of people wiped out, and their skills are not bad, but why do they still lose money? Actually, the problem is not with K-line analysis, but with these two words: position control.
I've seen too many beginners who go all in right after entering the market. An account of 10,000 yuan, fully invested immediately. When it rises a little, they dream of tenfold profits; when it drops a bit, they panic and cut their positions to run away. Such operations are no different from gambling.
I used to play like that in my early years. I earned quickly, but lost even faster. Even when I judged the market correctly, the money was still gone. Later, I realized that the ones who survive are not the ones who make the most money, but those who can afford to lose.
The change happened when I started doing one simple thing: profit on top of profit. Enter each trade with a small test position, add more when the market moves in your favor, and cut losses immediately when it goes against you. Never confront the market head-on.
This approach might not be as "exciting" and doesn't give the thrill of heavy leverage and rapid gains. But you'll find that your account grows steadily, and your mindset becomes more and more stable. Being able to stay out of the market for three or five days without action, or to make a quick trade when the rhythm arrives, is all part of it.
Many people get wiped out in the market, but it's not really because of poor market judgment; it's because of two things: emotions and illusions. When non-farm payroll data exceeds expectations, they chase wildly; when a negative news appears, they cut and run. Repeating this cycle, eventually, the principal is gone.
Want to truly turn the situation around? First, stop opening positions recklessly, stop heavy bottom-fishing, and stop risking your principal on luck. The market will give you opportunities, but only if you stay alive to seize them.
Taking it slow doesn't matter; as long as the direction is correct and the rhythm is steady, this path will always be under your feet.