The story of a trader: Only when there is "giving up" can there be "gain", and only after giving up can there be growth

Editor's Note: This article comes fromPento Speculation Road, published with permission.

, published with permission.

Hello everyone, I am Agony, this is my nickname on WeChat, but those who are familiar with me in the QQ group should know another nickname: Bai*.

In fact, I don’t think I’m good enough to share with you. Here I would like to thank Mr. Sprinkler for his support and recognition. I am a very inferior person, and his recognition gave me a lot of confidence. If I hadn’t met the nozzle, I would not have participated in the selection of pentotrader (Pento’s former selection website for asset management), let alone the current me. It would be great if my little experience can bring some inspiration to you.

Before I met the nozzle in 2019, I had been in the currency circle for a year or two. Although the currency circle fluctuated greatly at that time and it was easy to make money, I did not intend to establish a trading system at that time. That is to say, if the market comes, you can catch it and earn a high rate of return. However, after several rounds of ups and downs, you can't keep much of the results. Seeing so many stud rich legends in the currency circle, I, a young man, can't hold back my restless heart. So I spend a lot of time every day watching the market, reading the analysis of various analysts, looking for various technical analysis books to study, trying to find opportunities to get rich in the K-line.

There were a few times at first that I did hit amazing returns on the big swings, and my immature heart didn't have the strength to handle this excess wealth. Of course, this is what I realized later that a person can only control wealth that meets his cognitive level in the market. Naturally, in the subsequent trend change, I almost lost all the profits I made earlier, and the process was very painful. Recalling the operation during that period, it can be said that it was almost trading for the sake of trading, without any discipline, and I didn't know what was going on in my mind at that time.

In this reincarnation of making money and losing money, I gradually discovered that my trading frequency is very high, and I am very casual about the size of the order. I realized that I have the ability to make money but I do a poor job of avoiding losses. As long as I reduce the behaviors that cause losses, my trading system can be improved to a higher level. I want to change and try to change, but the power of habit is terrible. It takes a strong will to reverse the bad habits that have been formed, and if you relax a little, all previous efforts will be wasted.

Self-discipline, two simple words, you don't realize how difficult it is until you actually practice it!

At this moment, I met Nozzle, the 40-year-old, bald man with a lot of money, who made money so that Xu Mingxing called and begged for mercy.

In the pentotrader selection he carried out, I have undergone strict risk control, which can be said to be completely reborn. Its strict risk control such as maximum single stop loss, maximum leverage limit, target rate of return and other multiple restrictions make every out-of-control trader out of the game one after another.

There are three rounds of selection, the first round is the most rigorous, but also the one that benefits me the most. Among them, the limit of single maximum loss liquidation is the most headache for me, which means that you must strictly select the point to avoid forced liquidation before making a profit, and it also means that after several consecutive forced liquidations, your loss will reach the liquidation line ! Every time you stop the loss, you are one step closer to being out. You must force yourself to give up most of the transactions and choose the most cost-effective transaction to bet. In the past, I used my personal account to trade, and I bet whenever I saw an opportunity, regardless of point, level, or cost-effectiveness. I wanted all kinds of sesame and watermelon. As the saying goes, only with "giving up" can there be "gaining". After I learned to "giving up", I found that "gaining" has become easier.

Under the strict restrictions of pentotrader, I learned to give up those trades that seemed to be profitable, and keep the precious positions for the most cost-effective, highest winning rate, and easiest-to-understand trades. Very large fluctuations can also control the hands, and deal with it calmly. After three rounds of testing, these disciplines were almost integrated into my trading system and became a habit by itself. And after I became a cooperative trader, I can still achieve self-discipline under more relaxed requirements, and truly implement "trade your plan, plan your transaction".

I believe everyone has heard the "truth maxims" such as "cut losses and let profits fly", "only do understandable market conditions" or "trade your plan, plan your transaction", but when it comes to real trading Sometimes it's just the opposite. Because self-discipline is really difficult, except for some strong-willed people, ordinary people need certain external restrictions and their own efforts to achieve self-discipline, and perseverance can make self-discipline a habit. And Pento Asset Management just happened to help me facilitate such conditions, making me more self-disciplined.

Let me talk about my trading style. The single cycle is biased towards the medium and long-term band, because the risk appetite is low, and my average rate of return is not as good as Minime (an external cooperative trader of Pento Asset Management), but the most important thing to play in the market is to be active. Going on, less loss is the most important thing. In the first half of the year, I also made a summary of my personal account performance, so I took a lazy screenshot, and everyone will take a look: (ST refers to Swing Trading)

PS: I lay down after doing a few short-terms in May and June, so I have nothing to write. I am trying to improve position management, hoping to have higher yields while being stable in the future.

Maybe many people want to listen to me more about how to look at the direction and how to make orders, but in fact these are not the key things in my opinion now. The currency circle is really easy. You can make money by learning any technology on the market, and I think the most important thing in this market is how to avoid losing money and discard unworthy transactions and unintelligible market prices. It's what I've been working towards. After all, from the first audition of more than 6,000 people in pentotrader to the first phase of external asset management cooperation (10 people) that has been running for less than half a year, the only people left are Minime and me (continuously profitable). Objectively speaking, living is not easy.https://cn.tradingview.com/

If you want to see my trading logic, you can follow my TV:

Note: Published less frequently and not necessarily as a trading plan.