First of all, we want to make it clear that “light position” is completely wishful thinking. The foreign exchange market is not invincible. No matter how good the trading system or trading method, as long as the improper operation, all will fail.
One of my friends told me in frustration on QQ yesterday that he was out of stock.
But if he can keep his position light, he can weather the disorderly moves and eventually reach a profit.
This kind of thing is experienced by many people, so I won‘t go into it.
Position determines mentality, mentality determines behavior, behavior leads to results.
One friend multiplied 50 times in a day, but that’s not the most amazing person I’ve ever met — I have another friend who multiplied 1200 times in a month.
From $400 to $480,000 — simulated, of course.
And what is the state of my friend now?
The day before yesterday, he asked me to lend him 1000 dollars.
But now almost no one in his circle of friends can lend him money, because he has never borrowed money without paying it back — he can always double it quickly, and because he is in too much debt, he is eager to double it with a relatively large capital, so he can’t pay out the principal. He wants to use the compound interest effect, but his position is sold out again soon…
But he had always believed in his skill, and felt that he had always exploded because of bad luck.
Or sometimes he can figure out the problem with his mentality, only to make the same mistake the next time or several trades later.
Why can simulate the infinite beauty of the warehouse, but the real warehouse repeatedly failed?
Because a simulated position is just a number, whereas a real position is a real fluctuation of wealth, it can make you greedy or it can make you fearful, and both emotions can lead to very wrong behavior, which leads to different results.
For a $5,000 position, down 0.1 hands, you can wait until the trend is completely gone before closing out.
But if you do 10 hands, because it’s so volatile, you make a little bit and you walk away — and some people might say, I make 10 hands and I make a little bit, that’s better than making 100 points on 0.1 hands — but remember, guys, we all make mistakes and try to stop our losses, and it’s okay to make 100 points on 0.1 hands and stop our losses at 50 points,
You made a profit of 50 points.
But if you do 10 hands, you might run away with 20 points and be complacent, but on a loss, it can wipe out your 50 points profit, because very few people can throw in the towel when the trend is 20 points in the opposite direction, after all, it is still in the range of their expected direction, maybe the next second will move in the direction they set…
Because of the existence of this kind of human nature, so, heavy warehouse in the long run, almost to defeat.
But still, be light.
Many Huiyou “how many times a week”, “several hundred to several million”, the reason why they set such a goal, it is estimated that they think their technology has reached a level, so heavy warehouse pursuit of windfall profits why not?
My opinion is not at all, for the following reasons.
First, it will make you live longer, giving you plenty of time and opportunity to correct your mistakes.
One of my friends told me in frustration on QQ yesterday that he was out of stock.
But if he can keep his position light, he can weather the disorderly moves and eventually reach a profit.
This kind of thing is experienced by many people, so I won’t go into it.
Second, position determines mentality, mentality determines behavior, behavior leads to results.
One friend multiplied 50 times in a day, but that’s not the most amazing person I’ve ever met — I have another friend who multiplied 1200 times in a month.
From $400 to $480,000 — simulated, of course.
And what is the state of my friend now?
The day before yesterday, he asked me to lend him 1000 dollars.
But now almost no one in his circle of friends can lend him money, because he has never borrowed money without paying it back — he can always double it quickly, and because he is in too much debt, he is eager to double it with a relatively large capital, so he can’t pay out the principal. He wants to use the compound interest effect, but his position is sold out again soon…
But he had always believed in his skill, and felt that he had always exploded because of bad luck.
Or sometimes he can figure out the problem with his mentality, only to make the same mistake the next time or several trades later.
Why can simulate the infinite beauty of the warehouse, but the real warehouse repeatedly failed?
Because a simulated position is just a number, whereas a real position is a real fluctuation of wealth, it can make you greedy or it can make you fearful, and both emotions can lead to very wrong behavior, which leads to different results.
For a $5,000 position, down 0.1 hands, you can wait until the trend is completely gone before closing out.
But if you do 10 hands, because it’s so volatile, you make a little bit and you walk away — and some people might say, I make 10 hands and I make a little bit, that’s better than making 100 points on 0.1 hands — but remember, guys, we all make mistakes and try to stop our losses, and it’s okay to make 100 points on 0.1 hands and stop our losses at 50 points,
You made a profit of 50 points.
But if you do 10 hands, you might run away with 20 points and be complacent, but on a loss, it can wipe out your 50 points profit, because very few people can throw in the towel when the trend is 20 points in the opposite direction, after all, it is still in the range of their expected direction, maybe the next second will move in the direction they set…
Because of the existence of this kind of human nature, so, heavy warehouse in the long run, almost to defeat.
Third, never forget why we entered this market in the first place.
There is a famous saying in the foreign exchange market that the market will do anything to drive those involved mad.
Probably none of us entered this market to make ourselves miserable, depressed, autistic, lose money, and lose health every day, but I have been in the market for a few years, surrounded by such friends account for the vast majority.
I have a friend who entered the market with the intention of earning a car — not having one in Beijing is a real inconvenience.
I still remember when he told me that he felt sorry for his wife, because he thought she didn’t have a good life after she married him. After he got a car, he could send his wife to work, so that she wouldn’t have to squeeze into the bus in the cold winter wind…
I was very moved.
But six months later, the situation was like this: he quit his job and stayed at home to trade foreign currencies full-time. He sold his positions twice and lost $5,000.
Sleep very late every day, eat not very regular, the body made very bad.
Because the position is often in a relatively heavy state, stop losses and floating losses are very large (earn always can not hold, specific situation as I said the second point), so the mood is always not very good.
He used to watch TV with his wife or go for a walk in the evening, but now he lets his wife watch TV alone and sleep alone while he stares at the K-line.
On the weekend, if you make money this week, then it is OK, if you lose, then don’t say happy to go out to play, basically do nothing to raise the spirit, and other friends less and less communication, more and more closed……
His wife cried to me that she would rather ride the bus for the rest of her life than let him play the currency again.
His intention is to make her happy, to the end of the result is for her tears.
If you know such a friend, please tell him: if you have a light position, the loss and profit are within the range that you can accept, then foreign exchange will not become the whole of your life, at this time, your eyes can see other beautiful parts of life, and then you in a good mood and good state of mind, but easier to make the right judgment and operation…
Happy to make money, is our intention to come to this market.
I’ve been in this market for a few years, not a long time, but I’ve seen a lot of life.
Now I have changed to a new platform for about three months. Starting from 2000 dollars, I make about 0.1-0.2 hands each time. Until today, I have paid out 4000 dollars, and there are more than 4000 dollars in my account.
Sometimes when I make a list, I only have 0.1 hands, so I can go shopping or sing with my friends at ease…
Today, I can almost say that forex is just a part of my life. It has helped me improve my life, and I am not defeated or driven mad by it.
Being able to do this step is not just a light position can be – but the light position operation, is definitely I can do this today (of course in the eyes of many experts this is not a big achievement) an important step.
