Why are you always losing?
To put it bluntly, you are not trading; you are gambling.
Many people place orders without any preparation, rushing when they think the price will go up and panicking when they think it will go down, one thought per order, one strategy today, another one tomorrow. On the surface, they seem diligent, but in reality, they are completely disorganized. The longer this state lasts, the more they will lose.
I also learned this from being beaten by the market; making money is not about seizing opportunities but about making fewer mistakes.
Later, I simplified everything and kept only a few rules that I must follow:
First, control your position size.
No matter how optimistic you are, use only a small portion of your funds for each order, ensuring that a mistake won’t cause significant losses.
Second, only trade in the direction of the trend.
If the trend is upward, wait for a pullback; if the trend is downward, trade less. Don’t always think about catching the bottom; many 'bottoms' are just getting caught by falling knives.
Third, don’t chase after something that has already risen.
If something rises too quickly, the risk will always outweigh the opportunity; it’s better to miss out than to catch the last part of the move.
Fourth, enter the market with a basis, and exit with one as well.
Don’t leave just because something feels off; know in advance where to set your stop loss and where to take profits.
Fifth, don’t trade when there’s no volatility.
Being in cash is not a mistake; it’s a skill. Many losses come from the mindset of 'I have to trade'.
Ultimately, those who can make money steadily are not the smartest; they are the ones who follow the rules more closely.
The market is always there; being anxious won’t help.
When you start to have your own rhythm and no longer let emotions dictate your actions, your account will slowly begin to improve.