This afternoon, a trader came to me complaining. Pippin has been continuously rising, and his short position was directly buried at a low point. He said he had just finished learning MACD, tried a few trades with small capital, and ended up losing money, asking me what he should do.
To be honest, trading has never been about playing it safe. Just because you learn some complex theories or study MACD doesn't mean you can win effortlessly. The role of these tools is merely to help you find an entry point that you firmly believe in. But here's the problem—every technique can fail at some point, and the key lies in whether you can withstand the losses when it happens.
Now, before I open a position, I don't even think about "how much can I earn from this trade." I only focus on one thing: where to set the stop-loss? Because once you go in with the illusion of making money, if the trade goes wrong, your mindset will collapse. At this moment, keeping your emotions stable is more effective than any technique.
The so-called "seizing opportunities" in the market is essentially about first absorbing a bunch of stop losses. Waiting is a hurdle that every trader must face.
