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A few days ago, I got liquidated on a lot of capital, and I have nothing left. I am preparing to leave Shenzhen and go back to my hometown in the countryside. The rented house is also being sublet.
I think there are a few points to consider when trading:
1. Normal mental state:
1. Do not have the obsession of flipping over and earning as much as possible.
2. Use stop-loss orders; the ability and habit to quickly calm down after a stop-loss, to accept the stop-loss calmly, is not scary. What is scary is to challenge the market.
3. Control your hands. Avoid engaging in markets that you shouldn't, and manage your positions.
2. Position management for large funds (over 2000u is considered large funds)
3. Preparations before opening a position: fundamental analysis, trend analysis, approximate levels, support levels, resistance levels, direction, stop-loss levels, and take-profit levels in batches.
4. Execution of mechanisms and strategies: Set a daily stop-loss limit and stop trading when the loss reaches that amount, then engage in other activities to calm down.
5. The most important thing is emotional management: Poor emotional management can gradually turn a person into a gambler, and there is no good outcome.
Finally, I hope everyone learns from this and does not push themselves into a corner. Although I know that advising won't help, one still has to hit the south wall.
As long as you are alive, there are infinite possibilities. If you are experiencing losses, focus on repairing your mindset and return to a normal life trajectory and mental state.
In fact, for trading, 300-500u, 3000 yuan is enough.