“Do a good job of technical analysis every day, strictly adhere to your own strategies, and treat trading as an investment rather than a gamble – be sure to hold on if you are right, stop the loss if you are wrong, and let time change space.” These words of trader Zhang Wei express his deepest insights in his ten-year trading career.

After entering the foreign exchange market for ten years, he has not only experienced the cruelty of the market, but also developed a stronger mentality and a more stable system through repeated adjustments. For him, trading is not only a profession, but also a persistence. Today, let us follow trader Zhang Wei and approach his ten-year trading story.

Free choice to ten years of persistence

Different from the path that most people take to enter the financial market, Zhang Wei’s initial motivation for trader Zhang Wei was simple – he didn’t want to live a nine-to-five life.

“I personally feel that I am quite talented, but I don’t want to live a nine-to-five life. For the sake of a happy life, I choose trading.” This choice allowed him to enter the foreign exchange market, which is full of fluctuations and unknowns.

Today, he has devoted most of his time to trading. “Spend as much time as possible on trading.” Trader Zhang Wei 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%. This kind of allocation allows him to remain flexible and stable in different market environments.

Lessons from liquidation and tempering of mentality

The ten-year journey has not been smooth sailing. Trader Zhang Wei also experienced the moment when his position was liquidated.

“After a position was blown up, I was quite depressed at the time, but I immediately adjusted and started fighting again, because once a person loses confidence, it’s over.” He recalled.

The impact of the liquidation did not make him retreat, but made him pay more attention to risk management. In the face of sudden losses, he learned to be calm:

“Stop the loss immediately, and then follow the rules, trade within a reasonable position range, and slowly earn back the losses. You cannot rely on heavy positions to gamble.”

And when profits encountered a retracement, he also insisted on rationality: “Adjust your mentality, follow the trading Plan to stop loss and profit, then control the position and trade step by step according to the trading plan. ”

Strategy and Execution: Let Profits Run

Trader Zhang Wei is not a static trader, and his strategy is constantly revised.

“Revised half a year ago, we will set up protections to make profits as much as possible in the future, let profits run, and achieve stable profit growth.”

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

“Treat trading as a long-term investment, do not trade when the data fluctuates greatly, and do not treat it as gambling.”

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

Volatility and risk: two sides of the same coin

Trader Zhang Wei does not prefer a certain market trend, but adjusts positions according to different market environments.

“Each one has its own merits. In a stable market, the position can be a little heavier, and in a volatile market, the position can be a little lighter, so as to control the risk within a reasonable range.”

Risk control occupies a core position in his trading. He will control the risk on each trade to 20–30 points (based on 100 points), even if there is a maximum retracement, he is confident that he will recover quickly: “It will return to the previous high point of net worth in about a week.”

What did the ET exam bring to him?

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

“The biggest gain is that I will not be as resistant to orders as before, and control the risk within a reasonable range every time, so that I can have more opportunities to make mistakes.”

For new traders who are about to embark on this path, he gave the most sincere words Suggestion:

“One step at a time, one order at a time. Don’t lose big, make big and lose small. If you do something right, you must seize the opportunity. If you do something wrong, stop the loss immediately.”

In this interview, we saw a rigorous and down-to-earth trader. Facing the constantly fluctuating market, trader Zhang Wei always takes a stable mentality as his foundation and regards trading as a long-term career. A clear plan, strict stop loss, and a steady mentality allowed him to overcome fluctuations and retracements time and time 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.