Let's do a simple review and talk about what I experienced.



1: First, about leading trades, 10:00 PM is the time when the US blocks or the Strait of Malacca, so oil prices rose and gold fell, so I initially took a short position. As the market rose, gold and crude oil moved up together. When I was confused, I reversed and went long, and also added to the position. The result was a stop loss around 4700, and the lowest point of gold didn't even break 4700. Maybe stopping out at the lowest point is a tragic story, but seeing the crude oil continue to rise, I decisively chose to short near 4700, and then gold surged, causing a breakout.

2: During this period, my personal account was also trading, losing about $5,000. ① Influenced by leading trades. ② To quickly recover, I increased to a one-lot position. Not a big problem, the loss was manageable, but the key question is, why did I lose?

3: In total, I lost about $5,600, and today I recovered around $5,600, breaking even.

Review summary:
1: Regarding adding to positions, the advantage is that it can lower the average price and maintain a profitable rhythm. The disadvantage is that if a black swan occurs, or if perception, indicators, or the market are different, it can lead to consecutive losses. Consecutive losses are not scary; what’s scary is the mindset after continuous losses, which can become a state of having no ideas at all.
So: Once a loss occurs from adding to positions, you need to stop for a while before trading again.

2: How to recover with less than $1,000? The answer is position control. Using the same position size, you can recover the same loss, or use a larger position, but the risk also increases. So it’s not recommended; it’s better to stick with the same position size.

3: The detailed history is below; those who like review can take a look.

4: Although leading trades blew up, I will start again, and the owed profits will be earned back. Stop loss is just a cost on the trading journey. We’ll talk about it tomorrow. Good night.
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FullOfWindAndAmbition
· 7h ago
Waiting for you to start broadcasting
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