Last year, a friend came to me with only 1200U wanting to turn his situation around. I gave him three pieces of advice, and after following them for 90 days, his account skyrocketed to 50000U without liquidation. Today, I'm sharing these three nuggets of wisdom with you; how much you grasp depends entirely on yourself.
First: Split the money into three parts and learn to 'cut your fingers.' Even if it's 3000U, it should be divided into three portions of 1000U each, and they must not be used interchangeably. 'Short-term knife' 1000U, trade a maximum of twice a day, and then be done; 'Trend cannon' 1000U, do not act unless you see an opportunity, and if the weekly chart isn’t showing an upward trend, remain still; 'Life-saving money' 1000U, specifically to guard against spike risks, even if you face liquidation on the day, you can still replenish and retain your position at the table. Forget about using the entire account, liquidation is at most a 'finger cut'; there’s still a chance to recover, but losing all your capital is a 'beheading', and it’s game over.
Second: Only nibble at the trend when it’s the most promising; otherwise, act like a turtle. A volatile market is like a meat grinder, nine times out of ten you’ll end up losing. My signals are very simple: if the daily moving averages aren't in a bullish arrangement, stay out; only enter when there's a volume breakout confirming the previous high, and it closes on the daily chart; once profits reach 30% of the capital, immediately withdraw half, and set a 10% trailing stop for the rest. Remember, the market always has the next opportunity; don’t rush for the door, just catch a ride on the tailwind.
Third: Lock your emotions in a cage and just press the button. Before entering a trade, write down your 'life and death contract': a 3% stop loss, cut automatically at the set point, don’t hesitate; turn off your computer promptly at 11 PM every day, no matter how tempting the K-line is, don’t stare at it, if you can’t sleep, uninstall the app. Trading should be mechanical and boring to ensure longevity.
In fact, the growth from 3000U to 50000U doesn’t rely on miraculous trades, but on 'making fewer mistakes.' The market has opportunities daily, but capital doesn’t come by often. Memorize these three rules first, then study waves and indicators. Surviving is the key to wealth; if you can't survive, you’re just someone else's transaction fee. @招财阿宝
