Carrying orders: The most difficult addiction for traders to quit After mixing in the market for a long time, I found a very interesting phenomenon: No matter how smart the friends around them are, how hard their skills are, and how professional their analysis is, once they fall into a floating loss, most of them will still choose to carry it It's not that I don't have a wrong cognition, it's not that I don't know the importance of stop loss, but I can't make that decision. Carrying orders has become the most common but reluctant addiction of traders This is a kind of silent collapse, you swipe the K-line every day, convince yourself to wait, you stare at the floating numbers, force yourself to calm down, you look at various technical charts and all kinds of news, and find out why you don't cut. But you know in your heart that you have long since stopped believing in this order, but you just don't want to let go. Why do so many people know that they want to stop loss, but they are unwilling to do it? "Because the market tests never skills, but human nature" Carrying orders is a psychological warfare of oneself Not stopping losses, not because you don't know the wrong direction, but resisting to admit the mistake itself, cutting a list in the transaction, not just clearing the position, it is more like saying to yourself, I judged wrongly, this sentence is more difficult to say than to lose money Especially after a heavy position, the more you invest your emotions and self-esteem in one direction, the harder it is to admit that it is wrong. At this time, it's not just money that is lost, but how could I be wrong? What if it just rebounds now? These strong self-doubts make it difficult for you to start, and human nature chooses to delay at this moment, turning the knife that should stop the bleeding into a nail that sinks deeper and deeper into your body Stop loss, means facing certain pain, and carrying the order retains hope, this is another deep-seated psychological logic, when you float 10%, you know that the stop loss means that 10% of the actual loss is in the bag, but if you carry it, there is still a glimmer of hope that you may come back, so you bet, bet that the market will favor you, and the bet price will give you a decent chance to get off the car again, even if you already feel that the direction is wrong in your heart, you will still leave that breath, but I hope that this thing will slowly deteriorate. At first, it makes you persist, and later, it will slowly drag you down A small floating loss was dragged into a disaster in the end, When you start making excuses for a list that you know is going in the wrong direction, when you start drawing lines and listening to the indicators to comfort yourself, in fact, the trade is over, and all that remains is a psychological struggle. It's too easy to overestimate the role of reason in trading and underestimate the devastating power of emotions in accounts At the end of writing, I would like to share some of the experience I have slowly accumulated over the years to overcome the reluctance to stop loss. First, set the stop loss as part of the trading action Instead of temporarily deciding on the stop loss when the loss is floating, the stop loss point is set before placing the order. Whether by technical bit, percentage, or amount, this point must be your real willingness to accept that it may trigger, rather than hoping that it will not be used. Second, reduce the space for emotional interference, brush less and watch other news Carrying orders is often because they have been watching the market and are constantly affected by market fluctuations. If you set a stop loss, leave the screen and leave this choice to the system. Otherwise, you will shake yourself in every drop and then drag it out. Third, record the cost of not having a stop loss every time. Every loss is recorded in a small notebook, not to punish yourself, but to build memory and feedback. You will find that every loss you carry is backed by the word soft-hearted. True discipline is not to suppress emotions, but to learn to protect your account in the process of choosing again and again Finally, train yourself to stop the loss test period Set yourself a challenge, such as 10 consecutive stop-loss strict execution, do not judge the market, only execute the system, and finally you will find that the account begins to become clean, the mentality begins to become lighter, quitting the order is not overnight, but it must be worth training, Carrying a single is not only a technical mistake, but also a rigidity of thinking. It will trap you in the logic of a win-or-lose gambler, and a truly mature trader never cares about one question, am I alive in the long run? You can lose a fortune, but you can't trap yourself in that bill, because you are not here to prove you right or wrong in the market, you are here to make money. Admitting mistakes, stopping losses, and retreating, these behaviors are not failures, but respect for the rules and protection of oneself Stop loss is not a failure, but a trader's qualification to continue to stay at the table, may you learn to let go in trading, no longer entangled in the gamble of carrying orders, but focus on the next right opportunity, your account, you don't need to prove yourself, you only need to protect it
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