From A-share losses to foreign exchange liquidation, why does he still regard trading as his lifelong career?

If your trading account was instantly cleared due to a crude oil order, would you dare to press the open position button again? Chen Weiwen’s answer is: Dare. He had been disappointed and collapsed, but his obsession with trading made him calm down and review the market and study. After being fully prepared, he embarked on the road of trading again.

“I plan to stick to trading as a lifelong career, and I am not pursuing getting rich overnight.” This trader, who recently passed the EagleTrader assessment, used this sentence to unveil for us the prelude to his trading journey in the past ten years.

Surviving is more important than earning more

Chen Weiwen’s trading resume is full of ups and downs that ordinary traders may experience.

In 2015, he entered the market from A-shares, switched funds, and left the market with losses two years later. In 2024, I accidentally came into contact with foreign exchange and invested a small amount of money myself. Within half a year, I ended up losing money again. “At that time, I didn’t know much about margin, leverage, positions, and forced liquidation,” he recalled. “I remember it was a crude oil order, and my account was reset to zero. I was confused at first, and then felt very uncomfortable.”

That liquidation became a turning point. He did not choose to give up, but stopped, patiently learned knowledge, and re-examined the market. It wasn’t until mid-2025 that he came into contact with EagleTrader and polished it repeatedly in the mock exam. At the end of the year, he officially participated in the assessment and successfully passed it.

Today, he is a full-time trader, but his definition of “full-time” is different: “Full-time does not mean watching the market all day long and trading continuously, but conducting stable transactions in a state of waiting, reviewing and learning.”

The Four-Four-Two Trading Rules

In Chen Weiwen’s decision-making system, technical analysis and fundamental analysis each account for 40%, and intuition and experience account for 20%. This “442” rule is the result of his many years of exploration.

“Fundamentals allow me to understand the general trend, technical aspects help me find the rhythm, and intuition is the conditioned reflex after being immersed in the market for a long time.” He said that the three are indispensable, but no one can be dominant.

As for the trading strategy, his last major modification was during the retest phase of EagleTrader. “Compared to the past, we are more cautious in taking positions and taking profit only.The scale of losses has also been controlled. In the future, he plans to maintain this kind of restraint and abide by his principle – “take only one scoop of the weak water.” “Only take the part that belongs to you,” he repeated. “The desire to place orders and the desire to make profits must be strictly controlled.” “

The Iron Rule of 2%, 5% and 0.3%

When it comes to risk control, Chen Weiwen’s answer reveals the rigor of a science student. “Single positions are controlled at 2%, total positions are controlled within 5%, and single stop-profit and stop-loss are controlled within 0.3% of the initial account amount. “These figures, he blurted out.

When asked how to deal with heavy losses, he first denied the possibility of this happening: “Heavy positions are inherently mistakes, and losses mean misjudgment in the direction of opening a position. If it happened, I would cut my losses immediately. “

He also has a clear plan for profit retracement. If he is confident in his analysis, he will adjust the stop loss position to near the cost line, “In this way, even if the market reverses, he will only suffer minimal damage. “If there is great uncertainty when placing an order, the bag will be lost in time.

Luck? It is just a passer-by that occasionally appears

In Chen Weiwen’s trading philosophy, luck is placed at a very low position.

“How to eliminate the luck factor in trading?” Faced with this problem, he gave Three levels: strictly follow the rules and do not touch any irregular operations; strictly follow your own system, and stay away from the more extreme the market situation; keep a calm mind, even if some transactions go smoothly due to luck

“Luck only appears occasionally and is not the decisive factor in our transactions. ” He emphasized.

This rationality is also reflected in his execution of the trading plan. He admitted that the execution rate is about 80%. “At some times, there is still luck and greed, which needs to continue to be overcome. “When the strategy deviates, his way of handling it is: suspend trading for the day, review the reasons for the deviation, and then “turn off the computer, close the app on the phone, and go out to empty your mind.”

Volatility is the mirror image of the market

Chen Weiwen has his own observations on market fluctuations. “I like relatively stable markets with small fluctuations and small injuries. “But he does not reject the fluctuation itself. “Volatilization exists all the time. Without fluctuation, there would be no trading. “

He regards volatility as a mirror image of the market – reflecting the intensity of activity, news, funds and emotions. “It is necessary to conduct multi-dimensional research on volatility, analyze the factors that generate fluctuations and the extent of their effects, so as to facilitate the judgment of subsequent development trends. “

This rational attitude towards fluctuations is also reflected in his management of retracements. After the maximum retracement occurs, he usually returns to the high point of his net worth in about 5 trading days, “because I usually become more cautious in stages and tighten the system. ”

If you want to make a fortune, please don’t come

As the interview came to an end, I asked him what he wanted to share with new traders who signed up for EagleTrader. HeHis answer is straightforward and intriguing:

“If you want to make a fortune, please don’t come; if you want to polish your trading system and trade for a long time, welcome to join!”

This sentence may be the best footnote to his own trading philosophy. From entering the market in 2015, to experiencing a liquidation, and then passing the EagleTrader assessment, Chen Weiwen spent eleven years to complete the transformation from pursuing sudden wealth to pursuing “survival”.

“The biggest gain is knowing the importance of ‘surviving’,” he said. “Understanding that it is better to live longer than to earn more, and ‘less losses are equal to gains.’”

In an era of uncertainty, he regards trading as a long-term job, and does not worry about inflation, deflation, or unemployment. This plainness has become his strongest confidence.