ET Interview | Xue Teng discusses the problem of carrying orders that he hasn’t gotten rid of in 10 years, and was cured by proprietary trading

If I had to use one sentence to describe how I started doing firm trading, trader Lu Weijia said: “I didn’t sleep all night, and my pores were all standing up.”

That was her first liquidation. With an account worth US$1,000, I placed a long gold order of 0.05 lots. I didn’t know how to set a stop loss, so I was trapped after the market reversed. “The more it fell, the more positions were added, and there was not much available funds, so the position was liquidated.”

She still remembers that feeling: “I feel that the financial market is scary.”

But today, three years later, she talks about position control, risk control rules, and transaction consistency, with clear logic and calm tone, as if she is a completely different person.

How did this transformation happen? Follow EagleTrader to take a look at her trading story.

A book opens the way to trading

The relationship between Lu Weijia and trading came from a book given by a customer.

In 2015, shortly after graduating from college, she worked as a salesperson in a financial company. A client gave her a copy of “Lessons 108 on Taming Theory” and said: “Study seriously, and you will be able to make money in the market if you learn it.”

That’s what she said, and she has been studying it for ten years.

“But I’ve only learned a little bit about it now, hehe.” She said with a smile, her tone was not frustrated, but more calm.

In 2023, she opened her first real account and officially started foreign exchange gold trading. Like most novices, she quickly experienced all the things that novices should experience: low funds, easy liquidation, taking orders, adding positions, and getting higher and higher with losses.

Asked her if she had thought about giving up at that time, she only said: “I am very interested in trading.”

Things you can’t learn from real trading

After doing real trading for nearly two years, Lu Weijia discovered a problem: you can’t learn to control risks by yourself.

It’s not that you don’t want to learn, it’s that the real environment doesn’t give you the chance to learn.

“The real offer operation will only get higher and higher, and the losses will increase.” She said.

Once a person loses money, his first reaction is not to stop and reflect, but to try to recover the loss. There is no mechanism in the real offer to prevent you from doing this – there is no maximum loss bonusline, there are no forced breaks, and no one hits the pause button after you lose money in a row.

You only have yourself. In the face of emotions, one is often unreliable.

In 2025, she came into contact with EagleTrader proprietary trading and began to take the assessment. Then she noticed that something started to change.

Let the rules control

“I have participated in more than ten assessments in EagleTrader. For novices, I have really learned a lot. For example, position control and risk control, which cannot be learned in real trading.”

When she said this, she was very sure about every word.

The 1% risk control rule in the self-employment assessment became her starting point for changing herself. “With 1% risk control, I will strictly demand myself, not to resist orders, not to operate randomly, cherish the bullets in my hands, and only shoot when the opportunity comes.”

The rules she gave herself are very specific: for an account of US$100,000, the maximum loss per order is US$500. “No more.” This number is her bottom line.

When asked how she understood the consistency of transactions, her answer was simple: “Control losses and profits within a certain range. You cannot lose a lot at one time and a small loss at another. This way, your account is safe and your mentality is peaceful.”

After getting rid of the bad habit of carrying orders, many things have become simpler.

Most of the time, short positions are waiting

Now Lu Weijia is in a short position most of the time. “The key to long-term stable profits is to wait, take short positions, and test orders at the right position.” She summed it up simply.

After staring at gold and silver for ten years, she is not in a hurry to take action. She knows that these two varieties fluctuate greatly. “A rise is estimated to be thousands of points. If you can catch it, the profits will be huge.” But she also knows that opportunities come by waiting for them, not by chasing them.

She is also very honest about her shortcomings: “Because I don’t have much trading experience, I can’t add to the position at the moment. I want to learn how to add to the position.”

“I rarely have a large retracement,” she said. “Generally, I place a gold order of 0.1 or 0.2 lots and set a stop loss of 100 points. If the stop loss is stopped, I will come back if I make the next order correctly.”

Rules It’s not a constraint, it’s a protection

“It used to be easy to get fooled when making a firm offer, and the more I lost, the more I lost, and I also liked to carry the orders. Now I have the EagleTrader self-operated platform, which helps me control risks and positions, and I have made great progress in one year.”

Looking back on this year, she has been able to use the system to control herself, which is much more reliable than relying on willpower.

For newcomers who want to join, she is very honest: “Taking the self-employed exam is definitely better than the real deal. You can get a $200,000 account with $1,000 and can lose $20,000. It is a great deal. If you share the profits in the later period, it will be very generous.”

From liquidation and insomnia to stable trading, Lu Weijia completed this journey in one year. Not because he found some magical strategy, but because he finally found itOne method is to cure the old problem of carrying orders through the rules of self-operated trading.

If you also encounter trading bottlenecks, you may wish to learn about EagleTrader proprietary trading. Take the initiative to make changes for your trading career.