RIVER's wave cut, the account balance of 200,000 U instantly returned to zero...
That afternoon, my phone suddenly popped up a message: "Brother Liu, can I still recover my losses in this situation?" I opened the account screenshot he sent, and to my shock, 200,000 U was left with only 5,000 U, and my heart sank.
It turns out that he leveraged 10 times his entire position at the peak of RIVER and frequently traded dozens of times a day, keeping a close eye on the 1-minute candlestick chart, with transaction fees consuming his principal like running water. When the market fell, he blindly added positions, eagerly anticipating a rebound, only to end up with a zero balance package. Worse still, seeing others flaunting RIVER's hundredfold returns, he impulsively entered with his entire position, and the next day, the account was a sight to behold.
I told him that it is possible to recover losses, but he must first learn to be “beggar-style” cautious. Then I gave him three tips:
First, stop fidgeting and learn to wait. No more chasing highs and lows, just wait for certain market conditions; if you don't understand, stay out of the market, better to miss out than to act rashly.
Second, test the waters with small positions and increase when profitable. Each trade should not exceed 10% of the principal, take half the profits at 20% gains, and let the remaining run with a trailing stop loss.
Third, strictly enforce stop losses; preserving capital comes first. Set stop losses for each trade, cut losses at 5%, and if you hit stop losses twice in a day, stop immediately.
After he followed my advice, he initially found it hard to adapt, but gradually began to taste the sweetness. These past few days, his account returned to 100,000 U.
In investing, many people aren't incapable of analysis, but rather always fantasize about "holding on a little longer to recover losses." If you are also experiencing losses, consider opening your trading records to see how your money disappeared.
Want to change your current situation but don’t know how to do it? Come talk to me, and I will customize a strategy just for you to help you steadily grow your money. As for what other tricks I have to recover losses, wait for you to come, and I will explain in detail...
$RIVER
