I have seen too many beginners playing rolling positions, jumping in with high leverage and full positions, refusing to admit mistakes when they lose, and making up for it; when they make a little profit, they get carried away and increase their positions aggressively.
They say it’s "rolling positions", but what they are actually doing is—an emotional amplifier + an account destroyer.
When the market is favorable, it seems like genius; once it pulls back, all previous actions will backfire.
I almost walked down this path early on,
but I forcefully pulled myself back,
only doing one thing: doing the opposite of everything.
First principle:
Do not rely on principal to increase positions, only rely on floating profits.
I never "supplement faith" when I am losing.
The account is in the green,
positions only decrease, never increase;
only when the market moves as I expect,
and floating profits appear genuinely,
do I allow myself to add a bit more.
Money that can't be earned,
I don't count a single cent as chips.
Second principle:
Set stop-losses first, then open positions.
It's not about looking for an exit when the market goes wrong,
but at the moment of order placement,
I already know:
how much I can lose at most on this trade.
Once it hits the line,
auto exit,
no stories, no feelings.
Third and the harshest principle:
Single position size never exceeds 5%.
Many people think I'm timid.
But it is precisely this 5%,
that allows me to stand firm during continuous mistakes,
and to gradually expand when the market explodes.
