Trader interviewed and answered: “When you do what you think is right, stick to it!”

Trader interview answered: “When you do what you think is right, stick to it!”

In the market, fear and anxiety are the most common emotions for traders. These emotions stem from concerns about losses, which not only hinder the decision-making process, but can also lead to the missed trading opportunities.

In addition, fear of losing principal is also a deeply rooted instinct, which may cause traders to doubt their decisions, exit trading too early, and even avoid participating in trading altogether. Faced with the problems that traders often encounter, we hope to obtain professional coping strategies and experience sharing from excellent EagleTrader contracted traders through interviews and answers. So what valuable suggestions do they have to share in this interview?

Ms. Wang, a trader at EagleTrader: “Before starting trading, think about how much loss you can accept today.”

Q: What is your risk management plan like?

“Usually, I will plan my trading according to the risks I can bear on the day’s account. In order to pass the exam, I will choose more aggressive trading, which is reflected in the position that is usually larger, but the basis for entering the market is the same. After passing the exam, I will turn to a more conservative trading plan, halving the risks that I can bear on the day, and winning more trading opportunities for myself.”

Q: Have you formulated a trading plan and strictly implemented it?

“I have formulated a large trading direction and position management plan, but in specific implementationThe line will change due to short-term indicators, so I did not do a good job in strictly implementing the trading plan, which is the part I need to improve. ”

Q: During the initial or re-examination process of EagleTrader, which links are easier than expected?

“The profit target setting will not be very high in my past transactions. As long as I encounter a suitable market, I can pass the exam quickly.”

Q: Are you planning to take the EagleTrader exam again to manage larger funds?

“With this plan, I hope to manage an account worth $400,000.”

Q: What advice would you give to new traders?

“Before starting trading, think about how much losses you can accept today. Once you have thought about it, don’t be afraid of losses, so that you can face market conditions and trading opportunities normally. When you do what you think is right, stick to it.”

EagleTrader trader Mr. Zeng: “Living is more important than making money.”

Q: What motivates you to stick to trading?

“Personal goals and life pursuits.”

Q: How did you eliminate the luck factor in your transactionof?

“Reasonable position control and fund management.”

Q: What advice would you give to those who are just starting to take the EagleTrader exam?

“Living is more important than making money.”

Q: Are you planning to take the EagleTrader exam again to manage larger funds?

“Depend on the situation.”

Q: What do you think is the key to long-term stable profit in trading?

“Keep a normal mind.”

Q: Are there any difficulties in paying the exam registration fee? How to overcome it?

Mr. Zeng responded easily: “No.”

EagleTrader trader Mr. Zheng: “If there is no good opportunity, I will choose to wait and see.”

Q: What is your risk management plan like?

“With the overall direction unchanged, I will add a point position appropriately within the range I bear. If it exceeds expectations, I will choose to stop loss.”

Q: Have you formulated a trading plan and strictly implemented it?

“The transaction plan will be formulated and strictly implemented.”

Q: During the initial or re-examination process of EagleTrader, which links are easier than expected?

“As long as you do a good job of risk control, it is actually very simple. It is better to keep a stable mindset than anything else.”

Q: What advice would you give to new traders?

“Newbie trades should bring good stop loss, look more, and do less, and then trade after determining the direction.”

Q: How do you manage your emotions when trading losses?

“When trading losses, I will choose to close the position, resume the market, and wait for the opportunity to continue trading. If there is no good opportunity, I will choose to wait and see.”

The impact of emotions during trading is inevitable, but as EagleTrader traders say, through strict risk management and firm trading plans, we can turn these emotions into motivation to move forward. The market is constantly fluctuating, so we can only stabilize ourselves first. As long as we know that the choice is right, then there is no need to hesitate and just persevere!

If you are inspired by these experiences and are eager to show your trading talent, then join us! Scan the QR code to log in to the mini program or visit the official website of EagleTrader, you can easily register for our trader selection exam. EagleTrader looks forward to exploring the infinite possibilities of the market with you!