EagleTrader Trader Interview |Trading is not gambling, but a long-term investment

“Do a good technical analysis every day, strictly abide by your own strategies, treat trading as investment rather than gambling – take it firmly if you see it correctly, stop loss if you see it wrong, and exchange time for space.” This sentence by Zhang Wei’s trader revealed his deepest insights in his ten-year trading career.

In the past ten years since entering the foreign exchange market, he has experienced the cruelty of the market, and has also tempered a stronger mentality and a more stable system through repeated adjustments. For him, trading is not only a profession, but also a kind of persistence. Today, let us follow Zhang Wei’s trader and get closer to his ten-year trading story.

Free choice to ten years of persistence

Unlike most people’s path to entering the financial market, Zhang Wei’s initial motivation was very simple – he didn’t want to live a nine-to-five life.

“I personally feel that I am more talented, but I don’t want to live a nine-to-five life. I choose to trade for a happy life.” This choice has led him to the foreign exchange market full of volatility and unknown.

Now, he has devoted most of his time to trading. “Enjoy as much time as possible to trade.” Zhang Wei trader said without hesitation.

In trading decisions, his analysis system is unique and clear: technical analysis accounts for 40%, fundamental analysis accounts for 20%, intuition and experience account for
40%. Such distribution allows him to remain flexible and stable in different market environments.

Lessons of bankruptcy and tempering of mentality

The journey of ten years has not been smooth sailing. Zhang Wei trader also experienced the moment of liquidation.

“I was frustrated at that time, but I immediately adjusted and fought again, because once a person loses confidence, it will be over,” he recalled.

The impact of the liquidation of the position did not make him retreat, but instead made him pay more attention to risk management. Faced with sudden losses, he learned to calm down: “Stop the loss immediately, and then trade within a reasonable position according to the rules, slowly make the losses back, and you cannot rely on heavy positions to gain profits.”

And when profits encounter a drawdown, he also insists on rationality: “Adjust the mentality, stop loss and stop profit according to the trading plan, and then control the position, and trade step by step according to the trading plan.”

Strategy and execution: Let profits run

Trade Zhang Wei is not a static trader, and his strategy is constantly being corrected.

“Revised half a year ago, make as profitable as possible in the futureSet up protection, let profits run, and achieve stable profit growth. ”

This idea of ​​”protecting profits and amplifying trends” also comes from his attitude towards luck.

“Trade as a long-term investment, not trading when data fluctuates greatly, or gambling. ”

Therefore, every day he would spend time making plans: “Every morning, confirm the direction of each period, and then find the entry point from the small period according to the general direction, and set the stop loss and take profit. ”

Volatility and risk: Two sides of one

Zhang Wei traders do not prefer a certain market, but adjust their positions according to different market environments.

“Each has its own advantages. A stable market can have a slightly heavier position, and a lighter position in a market with large fluctuations, so as to control risks within a reasonable range. ”

Risk control occupies a central position in his transactions. He will control the risk of each transaction to 20–30 points (to 100
) Even if there is a maximum drawdown, he is confident of recovering quickly: “You can return to the previous high point of net value in about a week.”

What did the ET exam bring to him?

Talk about the gains from taking the EagleTrader exam this time, Zhang Wei’s trader’s answer is a change in mentality.

“The biggest gain is that you will not resist orders like before. Every time you control the risk within a reasonable range, you can have more opportunities to do something wrong.”

For the new trader who is about to embark on this path, he gave the most sincere suggestions:

“Search one step at a time, do one order one, do not lose a big loss. To make big losses, you must seize the opportunity. If you do something wrong, you must stop the loss immediately.”

In this interview, we saw a rigorous and down-to-earth trader. Faced with the constantly volatile market, Zhang Wei traders always take a stable mentality as the foundation and regard trading as a long-term career. A clear plan, strict stop loss, and a steady mentality allow him to travel through fluctuations and retracements again and again.

As he said: “Trading is not gambling, but a long-term investment.”

I hope every EagleTrader trader can find his own persistence and direction in this mentality.