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2024/11
Summary of 15 Years of Trading Experience: The More You Earn, the Harder You Fall !
In my trading journey, I’ve learned that for many traders, the thrill of doubling accounts often comes with the pain of losing it all—some leave the market disheartened, while others struggle on. When I first entered futures trading, losses were relentless. I had lost most of my stock investments by then, so I began studying futures intensively. I read hundreds of books and examined every technical analysis method I could find, from Dow Theory to Elliott Wave Theory.
Then one day, something clicked, and I started making small profits. But during an overnight position with a heavy investment, the market opened down nearly 3%. I panicked and exited at the low, erasing all my hard-earned gains. That was the first time I lost my entire initial capital.
From 2012 to 2013, I took a break, returning with a more disciplined approach. Soon, I doubled my account in just one week. Overconfident, I started trading various instruments, only to lose everything—including additional borrowed funds—in another week. It was my second major wipeout.
By 2014, determined to step away from futures, I refocused on my day job. Still, I couldn’t let go completely. I read posts, analyzed interviews with trading legends, and spent hours studying candlestick patterns. One day, I finally understood the true meaning of knowledge, system, consistency, and rule adherence. From that point on, my trades were consistently profitable, with big wins and minimal losses.
Yet, success planted the seeds for future losses. By August, I grew complacent and ignored trading discipline, resulting in minor losses. Returning from a short break, I was eager to make a comeback, tripling my capital. I went all in on a position, confident in my approach, but the market kept crashing past every support level. By the end of the day, I lost nearly three months’ worth of gains in one trade.
Reflecting on these four years of trading, I had both profits and losses but ultimately gained little. I want to share with fellow traders that achieving consistent profits in trading is not easy. Especially after big wins, it’s crucial to control your desires—overconfidence can lead to major losses. After a significant profit, always rein in your ambition and avoid sacrificing your gains in pursuit of even more.
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