Review and Reflection on the Second Trading Day | Profit of 3000 on the first day, withdrawal of 6000 today.
Today is the second Trade day, overall performance has been poor, losing 6000, completely erasing the 3000 profit from the first day and even resulting in another loss. This result reveals several key issues that must be reflected upon and adjusted promptly:
1. Spending too much time watching the market leads to emotions being driven by market movements.
One should follow the trading plan, but frequent monitoring causes emotional fluctuations, with every Candlestick bringing a new thought, ultimately leading to illogical actions.In the future, it is necessary to control the frequency of monitoring and maintain calm.
2. Failing to firmly execute according to the established strategy.
The funds' moving averages, Resistance levels, and profit-taking and stop-loss points were all planned in advance, but in practice, they were not strictly followed. When it was time to sell, reluctance led to missing the best stop-loss opportunity; when it was time to buy, hesitation caused a missed opportunity.No matter how detailed the plan, if it is not executed on the spot, it is essentially going against oneself.
3. Ignoring the impact of news and having insufficient risk contingency plans.
A sudden news event from Trump today directly affected the market's rhythm, causing rapid fluctuations in several large-cap stocks. Such uncontrollable factors always exist, but I did not preset stop-loss points and position protections, resulting in passive losses.
4. Incorrectly Buying Options Contracts Close to the 'Floor Price'.
Several times, options were chosen with very low volatility and poor liquidity, which seemed cheap but had almost no flexibility. Holding onto the hope of a 'possible rebound' eventually led to a situation where losses could not be cut.Cheap options are not opportunities; they may just be traps.
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Gold has rebounded to $3,300! It's time to get on board?
🎙️ Discussion: 1. Has it $Gold Futures (AUG5) (GCmain.US)$ rebounded to $3,300? Will the short-term trend continue to rise? 2. What factors
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1349 : I basically share your feelings; losses were not cut in time, leading to more significant losses. Planning was done but not executed as per the rules. Constantly watching the market in fear of missing out, continuously reflecting and making mistakes. It is truly challenging to surpass oneself. The stock market really tests human nature. When one reaches a state of calm, that is when steady profits are achieved. Let's work hard together.
Fiona小姐的养老金 : I trade every day, buying high and selling low.
Fiona小姐的养老金 : I don't dare to Hold for a long time, leverage.
Aaron OP 1349 : Indeed, human nature is the greatest enemy; planning is easy but execution is difficult, practice slowly.![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Aaron OP Fiona小姐的养老金 : This rhythm is really hard to grasp.
Fiona小姐的养老金 Aaron OP : Yes, it's so tense that it's driving me crazy,
.
Fiona小姐的养老金 Fiona小姐的养老金 : Only able to sleep with sleeping pills, so just decided to Sell them, otherwise, there is no way to sleep normally.
Fiona小姐的养老金 Fiona小姐的养老金 : Not resting well, Tuesday will be even harder.
耐心点 Aaron OP : What needs to be honed is to develop a calm mindset like mine.![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Dragonsiryu : Unfortunately we always let our emotions rule and cloud our judgement. Sometimes I find that "Less is More".
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