No plan, no transaction!

In the global financial market, fluctuations in the value of money are creating trading opportunities all the time. However, a detailed and thorough trading plan is indispensable to achieve success in such a complex and competitive market. Although every trader has different views on trading plans, it is undeniable that it is crucial to avoid risks and seize opportunities. So today we specially invited EagleTrader trader Chen Xiaohang to be interviewed. Let’s take a look at what different views he has on trading plans!

Small loss and small profit

When talking about his risk management plan, Chen Xiaohang said: “My risk management plan is ‘small loss and small profit, big profit, no big loss’. He believes that in trading, maintaining stability is the most important thing. By controlling the risks of each transaction, even if you encounter adverse situations, you can quickly adjust the strategy to avoid large losses.

Plan to go first

Chen Xiaohang emphasized: “No plan, no trading. Trading my plan, planning my trading. Every day before the market, I will formulate a detailed trading plan; during the market, I will record trading logs and monitor market dynamics in real time; after the market, I will summarize, analyze gains and losses, and continuously optimize trading strategies.” This rigorous trading method allows him to remain calm and rational in the market.

Profit exceeds expectations

When talking about EaDuring gleTrader’s first and second-trial experience, Chen Xiaohang said: “The profit target is easier than expected. In the first trial, the goal was 10%, and the second-trial was 5%. I originally thought it would take more time and energy to achieve it, but in fact, I achieved these goals quickly.” This made him stronger and stronger in his trading strategy and gave himself greater confidence.

Climb the peak again

As for whether you plan to take the EagleTrader exam again in the future to manage larger funds, Chen Xiaohang said: “Look at it again, but it should be.” Every trader is eager to show his strength on a larger stage, and he is no exception. Chen Xiaohang also hopes to continue to improve his trading skills and be fully prepared for future challenges.

Suggestions for beginner traders

Finally, Chen Xiaohang gave his own suggestions to novice traders: “For novices, the most important thing is to operate light positions and maintain a 1-to-1 profit-loss ratio. In the market, opportunities are always left to those who are prepared. So, you might as well practice for a year first to see if you make a profit or lose.” In this process, traders will gradually find their trading rhythm and strategy. Remember, stability and patience are the most valuable qualities in trading.

Thanks to Chen Xiaohang for his wonderful sharing, his experience undoubtedly provides valuable reference and reference for every trader. On the journey of the financial market, we may encounter countless challenges and difficulties, but as long as we maintain a stable mentality and continuous learning, we believe that every trader can find his own path to success. I wish Mr. Chen a more brilliant achievement in future trading, and I also hope that more traders can shine their own brilliance in the market.

I believe you have received a lot of incentives and inspiration for the generous sharing of such excellent traders? If you also want to become an EagleTrader trader like Mr. Chen, then click:

https://www.eagletrader.com.cn/Register now to join EagleTrader and become a top trader with us and unleash your trading potential!