EagleTrader Trader Interview | Why “loss and makes big profits” is the only rule of success

The trading experience of Huang Wengui’s trader is like a journey of ups and downs. On this road, he once lost his position due to overconfidence, and also found his own trading philosophy due to inner struggle and reflection. Today, he stood at another peak in his trading career, but looking back, there are countless trial and error and hardships behind every success.

“2015 was the beginning of my real entry into the foreign exchange market.”

In 2015, Huang Wengui’s trader first came into contact with foreign exchange trading. At that time, he did not expect that this line would become the main theme of his life. For Huang Wengui, trading is not just a job, it is his way to break through his own personality limitations and pursue independence and freedom.

“I am not very outgoing and have a bad eloquence. I want to make a living by trading,” he said. It is precisely because of this personality that he is more eager to find a way of working that suits him.

Trading determines destiny, but mentality determines success or failure

Trader Huang Wengui, who is just like many newbies, has lost his way due to lack of experience and understanding of the market. He never thought that trading is not just a showdown of technology, but also a contest of mentality.

“Technical Analysis 50%, Fundamental Analysis 0%, Intuition and Experience
50%. “This is Huang Wengui’s trader’s understanding of his trading decisions. He does not rely too much on fundamentals, but more on experience and intuition to judge the market. Perhaps this is the inertial choice of a beginner: in uncertainty, he seeks a sense of security – and this sense of security comes from his own feelings and experience.

But over time, Huang Wengui’s trader gradually realized that simple intuition and experience cannot bring lasting profits, and controlling losses is the king. The formation of this concept comes from the painful experience of repeated failures.

<s "Small loss and big win" has become my trading philosophy

Trader Huang Wengui is very clear that the key to long-term stable profit is not how much it makes, but how much it loses. He knows that only by controlling the losses can one survive the fluctuations in the market.

He recalled that during the first trial trading, he often refused to admit his mistakes and once carried orders, which led to a lot of losses. Especially when the first liquidation of the position, he almost lost all his confidence. “I was in a very bad mood after the liquidation of the position. I worked hard for half a year and returned to the pre-liberation overnight. “When the trader Huang Wengui spoke, his tone was still a little heavy, but he knew very well that this liquidation brought himIt is not just a loss of money, but more a profound reflection on the trading mentality.

After experiencing this painful lesson, he completely changed his trading method, “No matter how you must take a good stop loss, you must not be proud when making a profit, and stop loss in time when the loss reaches a certain amount or point.” He understood that the market cannot always be beneficial to him. Only by insisting on reasonable risk management can he ensure that he will not “lose the whole market” in the ups and downs of the market.

Reflection and breakthrough

The pain of losing positions has not disappeared, but it has become a catalyst for Huang Wengui’s real growth. The former fluke mentality was gradually replaced by strict trading rules. Every time he operates, Huang Wengui traders will adhere to the strict stop loss principle: “Now it is to automatically close the position at the stop loss line, and there is no longer a lucky mentality.”

He began to re-examine his trading mentality and strategy, and learned how to stabilize his operations in a volatile market without blindly following the trend. He also realized that a reasonable stop-profit is the key to maintaining profit. “I will use passive stop-profit, move the stop-profit line, and automatically leave the market when it arrives. Before there is no profit retracement, I will set up a batch of stop-profit exit.” This is not only a technical improvement, but also a maturity of mentality: in the process of pursuing profit, I learned how to stay calm and rational.

The Growth of Huang Wengui Trader

Now, Huang Wengui Trader is no longer the fledgling novice. When facing the market, he is more rational and calm. He knew very well that the biggest enemy of traders was not the market, but himself.

“Although it is an assessment, I must take it seriously and operate it as a real-time market. Just like I can’t sleep during the exam, I wake up in the middle of the night to see it,” he said. Huang Wengui’s trader has found his own rhythm through repeated trial and error. He pays more attention to discipline, learns to control risks, and maintains profitability. Behind all this, he is inseparable from his deep understanding of trading and his continuous tempering of the market.

“Don’t rush to make money if you do something wrong, control your mentality.”

When talking about the advice for novice traders, Huang Wengui trader summarized his years of experience: “Although it is an assessment, you must take it seriously. When operating in real market, just like I can’t sleep during the exam, and I wake up in the middle of the night to see it.”

He also emphasized in particular: “Don’t have a heavy position. There is a major drawdown. You must set a stop loss every time you place an order, and keep the loss small and the profit big.” These words are simple and powerful, but behind them are the accumulation of his countless failures and reflections.

For every trader who is struggling in the market, Huang Wengui’s trader’s experience is a warning worth pondering: on this path full of temptation and risks, the most important thing is not how to do it right, but how to avoid being defeated by the market.

“We can’t do it right every time, so we can’t rush to make money back if we do something wrong. We have a good attitude.” This sentence is Huang Wengui’s long trading journeyThe summary in this article is also his spiritual guidance to all traders.