The fundamental reasons why most people lose money can be summarized in the following ten aspects:
1. When the floating loss reaches $300 and hits the stop loss, instead of stopping the loss, the market data is analyzed first. 2. A floating loss of $500, after research, a strong support level was found, and it is believed that the price will not fall below. 3. A floating loss of $1000 makes me even more reluctant to use stop loss. I decide to treat it as a long-term holding position, supplement the Margin, and no longer set stop loss. 4. Floating loss of $2000, Margin Replenishment too early. After checking market comments, institutional forecasts, and expert opinions, it was found that most people were bullish, so continued to hold the position and hoped for a Rebound. 5. Floating loss of $1,500, feeling that the market is about to reverse, once again Margin Replenishment to lower costs, looking forward to making a big profit. 6. With a floating loss of 3000 US dollars, I realized that the market was not reversing but only experiencing a rebound. I decided not to fear losses because I had already earned 3000 US dollars this month. At most, I would break even. I placed another order, and if the price returns to the initial entry point, I can still earn 3000 US dollars. 7. Floating loss of $5000, began to suspect the market, thinking that it might be the dealer manipulating and washing out retail investors. Determined to continue adding Margin and Margin Replenishment, as long as there is a slight Rebound, it can break even. 8. Floating loss of $4000, feel like the market is finally going to reverse, decide not to do Margin Replenishment anymore, but must persevere. 9. Floating loss of $6,000, seeing the market drop again, firmly believing that the price will not keep falling and considering it as the bottom, adding Margin again. 10. Floating loss of $7,000, hoping for a positive forecast of the upcoming non-farm data release, firmly believing in a turnaround. Final result: Floating loss returns to zero, account balance also returns to zero.
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The fundamental reasons why most people lose money can be summarized in the following ten aspects:
1. When the floating loss reaches $300 and hits the stop loss, instead of stopping the loss, the market data is analyzed first.
2. A floating loss of $500, after research, a strong support level was found, and it is believed that the price will not fall below.
3. A floating loss of $1000 makes me even more reluctant to use stop loss. I decide to treat it as a long-term holding position, supplement the Margin, and no longer set stop loss.
4. Floating loss of $2000, Margin Replenishment too early. After checking market comments, institutional forecasts, and expert opinions, it was found that most people were bullish, so continued to hold the position and hoped for a Rebound.
5. Floating loss of $1,500, feeling that the market is about to reverse, once again Margin Replenishment to lower costs, looking forward to making a big profit.
6. With a floating loss of 3000 US dollars, I realized that the market was not reversing but only experiencing a rebound. I decided not to fear losses because I had already earned 3000 US dollars this month. At most, I would break even. I placed another order, and if the price returns to the initial entry point, I can still earn 3000 US dollars.
7. Floating loss of $5000, began to suspect the market, thinking that it might be the dealer manipulating and washing out retail investors. Determined to continue adding Margin and Margin Replenishment, as long as there is a slight Rebound, it can break even.
8. Floating loss of $4000, feel like the market is finally going to reverse, decide not to do Margin Replenishment anymore, but must persevere.
9. Floating loss of $6,000, seeing the market drop again, firmly believing that the price will not keep falling and considering it as the bottom, adding Margin again.
10. Floating loss of $7,000, hoping for a positive forecast of the upcoming non-farm data release, firmly believing in a turnaround.
Final result: Floating loss returns to zero, account balance also returns to zero.