EagleTrader Trader Interview |Slow down, trading really begins

“I had a position that exploded. At that time, I had a shallow understanding. I refused to admit defeat and kept resisting. At that time, there were too many invalid orders, small losses and small losses. In the end, the principal was lost little by little, and the position was finally broken.”

Ask the problem of liquidation, Yi Yingchun trader talked about his darkest time. He said that the two most important things that taught him that liquidated his position – acknowledging limitations and controlling risks.

Yi Yingchun trader, who has been engaged in foreign exchange trading for eight years, recently passed the EagleTrader self-operated trading exam and is now entering the profit-sharing stage as a full-time trader. He is not a lucky person who relies on luck, but a veteran who gains a foothold by discipline and control.

Find a system that suits you

He currently uses the “multi-period moving average system”: the 6 moving average on the daily K determines the direction of the 4-hour 6 moving average to find the turning point to enter the market, and 1 hour is used to make a light position against the trend or a heavy position to follow the trend. The last time he made a major change in his strategy was half a year ago – that time, he decided to amplify the cycle, give up his obsession with short-term trading, and focus on the band market.

“I like to short at high levels, long at low levels, and find turning points at key points.”

This system is a trading framework he gradually polished in his long-term practical combat. Yi Yingchun trader emphasized: Technical analysis and position management account for more than 60% of the weight in his decision-making, with intuition and experience controlled at around 20%, while fundamentals are only considered when major news appears, with a weight of less than 10%.

His execution creed is very clear: “Do it when you see it, and don’t do it if you don’t see it or miss it.” For him, execution is better than inspiration, and planning is better than fantasy.

How does he view risks?

After trading for many years, Yi Yingchun traders prefer to choose products with large bands rather than short-term and high-frequency fluctuations. “Volatility” is not a temptation for him, but an interference. What he values ​​more is the direction and structure of the market. “Volatility is the up and down oscillation of the K-line, while the wave is the wave of the 4-hour moving average. I like the latter the most.”

In terms of risk control, he has a strict set of self-restrictions.

Each transaction is only chosen to bear the risk of 3%-5%. If the position is too heavy, even if it makes a profit, you will choose to make a deposit and stop loss or decisively reduce your position. He said: “If the K-line pattern is not good, I will set a guaranteed stop loss; if the K-line pattern is good, I can accept the pullback – the premise is that the retracement space must be calculated.”

He also has a clear understanding of large-scale retracement: “Usually, after the maximum retracement,” he also has a clear understanding of, on average, you can return to the original net value high point in 2-3 weeks. “This is not confidence, but an honest summary of historical data.

The end of trading is discipline, not inspiration

Talking about the gains from taking the EagleTrader exam, Yi Yingchun trader said: “The biggest benefit is that I reduce invalid transactions. “This sentence sounds simple, but today when a large number of traders are tempted by short-term trading, frequently in and out and exhausted, this is a mature trading awareness.

He trades every day and strictly implements his trading plan. When asked if he will take more risks in the profit-sharing account, he smiled faintly: “The risk that can be taken is 100 points, so I only choose to bear 3%-5% each time. ”

It’s not that he doesn’t want to make a profit faster, but he knows better that “fast” is never the real fast in trading. The real “fast” is to take it slowly and follow the system, and then the account will naturally feedback the most real data to himself.

Give one sentence to a new trader who has just entered the assessment

“Don’t be impatient, the account profit and loss can be fast or slow. Keep in mind the assessment red line: total retracement 10%, daily retracement 5%, lock-up restrictions, 10% margin and other risk control rules. ”

In his own experience, Yi Yingchun trader understood that the pace of trading is “slow”, and only “slow” can stabilize. Therefore, he also hopes that this experience can provide new candidates with different ideas and gradually learn to be self-control and sober in the exam.

If you are also on the trading path, you might as well slow down like Yi Yingchun trader and establish a set of rhythm that truly belongs to you.

Because, in this industry, slowness is the beginning of fast.