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What are the main reasons for losses in gold speculation?

First, unintentional. Novices entering the market to speculate in gold rush into the market without sufficient preparation. You can see it from the way everyone enters the market. The first is that you are trading in stocks, but you are attracted by text messages from salesmen or information from stock trading masters on QQ, and then you are pulled into a group. The group does not talk much about stocks, but talks about gold every day, and then you feel that the stock market is not doing well recently. , follow the trend and enter the market. Second, recommendations from friends around you, and your so-called friends are just friends you met online (WeChat, QQ). They chat with you every day, send you profit screenshots, and tell you implicitly that they are successful. Traders, you can't resist the temptation and speculate in gold. Third, the temptation of beautiful women’s avatars. This type is mainly aimed at male investors. Suddenly, I found a beautiful and sexy woman adding me to WeChat. I immediately lost my guard. After passing through, I saw the "tall and high-ranking" circle of friends, and I was so bold. Cars, food, travel. We started chatting quickly, and you were very excited. As a result, after a while, she also pulled you into the water. And this "beauty" may be a big man who picks his feet, which is unknown. You have no intention of investing in the gold market, but you are pulled into the market by someone who is interested. This is destined to be a tragic ending for novice gold investors. It was doomed from the beginning.

Second: Brainless. (I accept everyone’s mad comments for the time being) After entering the market, the so-called teacher will operate you violently. Sometimes you will go long, sometimes you will go short, sometimes you will follow the trend, and sometimes you will rebound. In short, you will not be allowed to idle and keep operating. Occasionally you will make a small profit, and the teacher will tell you to add funds and strive for big profits. However, most people suffer huge losses. The teacher asks you to add funds and says that he will help you make up your losses. You are frustrated, the salesperson comes out to comfort you, and the teacher comforts you and tells you that there is no problem, you will definitely make money back. Don't worry, it's no problem. Just like this, you originally wanted to test the water with 100,000 idle funds, but as a result, you lost 500,000, or even more. Or the salesperson may say that they will change teachers for you, but in fact they just change WeChat. There are also live broadcast rooms, which are the most harmful. They place an order every few minutes and frequently swipe orders. They make one point and then run away. They still carry a loss of five points, otherwise they lock the position. If you make an order correctly, even if you only earn one point, the whole live broadcast room will explode, and you will also get excited. Why didn't you calm down and think about it? Don't you think there's something wrong? Just go online and search for gold trading systems and gold trading techniques. You also know that heavy positions and frequent transactions are taboos. It is true that these teachers are the main culprits for novices' losses in gold speculation, but your brainless performance is the most fundamental reason for your losses in gold speculation.

Third, there is no bottom line. After following the so-called teacher, friend, master, Bai Fumei to operate for a period of time (in fact, most of the time you are being manipulated, following orders like a fool), you find that the truth is not as good as it was at first, and you hesitate, but at this time The weakness of human nature defeats you. You start to have illusions and want to make a quick profit. You start to take chances. You start to become blind. You start to become crazy without a bottom line. You may no longer believe in these masters, and you start to operate on your own, but your operating mode is the same as the previous teacher's style, heavy positions, no stop loss, frequent transactions, and fighting to the end. Before, you went crazy with the teacher, but now it has become a blood-loss carnival for you alone. You forget your original intention of entering the market, you forget your wallet, you become like a rogue, like a gangster, like a beggar, like a red-eyed gambler, you never admit defeat, you start to make subjective guesses about the market, you The fantasy reversal begins. You have no bottom line, which will eventually lead to the complete failure of your gold speculation.

Fourth, no gain. The money is gone, the bullets are gone, the confidence is gone, the courage is gone, everything is gone, leaving only an unspeakable painful memory and heart-wrenching regret, which I cannot and dare not share with my family and friends. It will leave a lasting mark on your investment life. However, for the trading market, this experience is as calm as a cow's hair entering the sea. And the saddest thing is that after you pay a heavy price, you gain nothing. You don’t know what trading is at all, you don’t understand market discipline at all, you don’t see the shadow of the market at all, you don’t know where to sum up yourself, you don’t know anything. I only know that you still had 1 million in idle funds before. You could go to bars after get off work, travel, buy skewers, and have dinners with family and friends. But now you have become stretched... It’s not just about your wealth. What's more important is your spirit and mentality. The teacher never mentioned trading techniques, trading disciplines, you have been violating, gold trading system, what is that? You have no idea about this. Just like this, you wave goodbye to the market in tears...and all this may really only last for a short week, one week of hell, one week of heaven.