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The Life of a Full-Time Trader:
Returning to my small city from Shenzhen, every time I step out at night, it’s like going to the market. The prices are really cheap, and I haven't seen this kind of sunflower for sale in many years.
I took a stroll and bought two sesame cakes for 4 yuan and half a watermelon for 22 yuan, plus two packs of Golden Leaf for 26 yuan. My mom said the small watermelon isn't sweet, the kind that's long, so I bought half of this big round one. But this one is expensive, 1.5 yuan per pound, while the not sweet one is 0.6 yuan per pound, that's a difference of double.
Today I spent a total of 4➕22➕26=52 yuan, equivalent to 7u. Thinking about it this way, it's not too much, so I feel that making a little profit and withdrawing it in time is also very important, regardless of whether it's a lot or a little. At least life is manageable, right?
Fortunately, after returning home, both my body and mind have been refreshed. My trading has been quite good recently; I made over 1000 this month in just three days. If I keep this up, it shouldn't be a big problem to make a living from trading.
So during this period, I feel that to survive in this market and even to turn things around, trading must meet the following conditions:
1. First, ensure your physical and mental health, which means maintaining a normal psychological state when trading, without fear from minor fluctuations or excessive greed. These feelings are very normal, and there are always personal solutions. The only thing that varies is the level of execution, which differs from person to person; some have strong execution but still require long-term practice.
2. First, define the level of the orders you want to place, the evolution of levels, and the probability of breaking support and resistance. Control the entry signals and exit points, and determine how much loss you can accept after opening a position. This involves setting a reasonable stop-loss level, which determines whether you can take a normal position, a small position like an ant, or if you have the courage to take a heavy position. Stop-loss is essential, and you must have risk control awareness, as well as maintain good habits.
3. It is essential to understand that preserving the principal is the top priority; otherwise, I would really be done for. It has been incredibly difficult to gather even a thousand yuan. You have no idea how hard it is. With the principal, anything is possible, but the premise is still that your mental state must be normal; otherwise, trading will become very distorted.
4. Try not to open orders frequently; it can make you feel overwhelmed and emotional. There are many big players who are short-term traders, but I think very few actually survive and make money; at least, none of the people I know do. I've tried it too, and it can turn a person into a pure D disciple.
5. Timely realization of profits (varies by person) Ultimately, it comes down to technical judgment. No matter how advanced the technology is, if one doesn't understand the importance of securing profits and managing risk, what is the point of earning money only to lose it back?
6. The last point, and also the most important one, is to have your own trading system and trading strategy. This trading system and strategy will allow you to survive longer in the market. This trading system strategy includes entry, exit, position management, risk control, emotional management, long-term, short-term, and so on...
There isn't much time left until the New Year, so keep up the good habits and let's celebrate a prosperous year at the end!