EagleTrader Trader Interview | Replace emotions with probability and return trading to rationality

He believes that the key to long-term stable profits lies not in frequent strategy changes, but in fixed trading logic and long-term data accumulation – “I record the profit and loss of the strategy every day, and use these records to calculate which side is more likely to be tomorrow.”

This data-based thinking makes his transactions closer to statistical rationality rather than accidental market fluctuations.

Luck only exists for those who do not execute it

“If you cannot execute the trading strategy 100%, you cannot eliminate the factor of luck.” Trader Pan Delong’s understanding of “luck” is almost an anti-human insight.

He believes that luck is divided into “good luck” and “bad luck”, and through systematic recording and stop loss control, trading results can be made more stable in terms of probability. “Even if you lose, be prepared to endure bad luck.”

For him, the core of trading is not the pursuit of certainty, but the acceptance of uncertainty – and staying calm and consistent amid uncertainty.

History is the best teacher

“If the position is liquidated because of the above, it is really despair and regret; but if it is due to a technical judgment error, I will analyze it calmly and find the upper limit of the next position.”

Trader Pan Delong has experienced liquidation, but he has not fallen into self-blame. He regards the liquidation as a “record of the extreme market”, which is used to correct the risk tolerance for the next time.

His stop-loss bottom line is very clear: “A loss of 5% on the day is the bottom line. When it reaches that point, this is the only bottom line.” This clarity allows him to always maintain a sense of boundaries in the face of risks.

A heart that is not controlled by “desire”

Unlike many traders who pursue violent market conditions, Pandron traders prefer stable markets. He said bluntly: “Volatilities are meant to break your peaceful heart. You think it brings opportunities, but in fact it arouses your desires.” In his view, true maturity is to remain emotionless even in the face of violent fluctuations.

“It’s not impossible to play if you want. Use a small position to play with it so that the fluctuations can no longer stir up ripples in your heart.” This slightly Zen-like answer revealed his deep understanding of trading psychology.

Learn to “revere” during the assessment

When asked about the biggest gain from passing the EagleTrader proprietary trading exam, trader Pan Delong’s answer was only four words: “Cherish it.” This is brief, but full of meaning.

In his view, the exam is not only a test of fund management and strategy execution, but also a process for traders to relearn to “respect the rules.”

For new Eagle traders, his advice is equally pragmatic: “Use a strategy that you think can make money to review. If you can make stable profits in 1-2 years, add another position.”

Trading is never a confrontation with the market, but a competition with yourself. Pandelong traders believe that the probability of the market is always neutral, and only people’s execution ability and mentality determine the direction of the results.

He no longer pursues “making quick money”, but makes trading a rational practice through repeated reviews and corrections –

Not moved by impulse, not confused by fluctuations, just to find his own certainty in order.