There is no shortage of stories in the market. The legendary experience of accurate judgment, one-shot direction selection, and account transition in a short period of time are always told again and again.

But what more traders really experience is another kind of daily life: losses after misjudgments, loss of control due to heavy positions, collapse after liquidation, and repeated self-doubts.

Yang Zezheng’s trading journey has also gone through these stages. In this EagleTrader trader interview, let us walk into his trading story.

Cognitive and psychological losses in 2016

"I probably entered the market in 2016, and then slowly lost all my principal."

Like most traders, Yang Zezheng's trading path has not been smooth sailing. Even in the process of continuing to participate in the market and accumulating experience, cognitive deviations and psychological loss of control will still appear at a certain stage, causing funds to be slowly consumed by the market in seemingly controllable transactions.

But even so, he did not choose to leave. "The dream of wealth and the desire for success." This is the reason why he persists in trading to this day, and it is also the most original driving force - desire - that drives countless traders to stay in the market for a long time.

Trading has never been a romantic adventure, but a long-term game centered around human nature, probability and rules.

How mistakes turned into systemic collapse

“The position has been liquidated, and more than once.” For Yang Zezheng, the liquidation itself is not terrible, but the chain reaction after the liquidation is terrible.

“The first liquidation happened not long after the transaction. The market reversed and was forced out, and I was completely confused.” He described, “Then there was pain, regret, and unwillingness.”

These emotions directly led to subsequent disastrous decisions: retaliatory trading, frequent trading, and ultimately the loss of all principal.

This is the "failure cycle" that most traders will experience: one mistake → emotional loss → behavioral deformation → System collapse. The only way to climb out of this cycle is to completely reconstruct your trading cognition.

From "Betting on Probability" to "Making Trends"

"If you toss a coin and bet on heads and tails, you are gambling on luck; but if you touch the coin with your finger and let the side in contact with your hand face up, you artificially increase the probability of guessing correctly."

Yang Zezheng used this comparison.Yu summarizes the most important change in his trading concept - trading does not try to eliminate luck, but uses cognitive and structural advantages to continue to tilt the probability to one's side.

When implemented in trading, this advantage was finally condensed into six words: recognize the trend, understand the trend, and follow the trend.

"If the direction is wrong, efforts will be in vain." Behind this sentence is a trader's transformation from "predicting the market" to "following the market" - no longer trying to control every fluctuation, but only participating in those market stages with a clear probability structure.

Principles are greater than parameters

His decision-making framework has been stable:

Technical analysis accounts for 60%: as the main basis for judging trends and entering and exiting the market

Intuition and experience account for 20%: market sense formed by years of market immersion

Fundamental analysis accounts for 20%: providing macro background for trading direction

A few years ago, he made a key modification to this system: significantly reducing single product positions. "In the past, I had a heavy position in a single product, and I had poor psychological endurance when losing money." Now, he is more willing to use diversification and light positions in exchange for a stable mentality and long-term stability of the system.

The common language of mature traders

When it comes to risk control, Yang Zezheng said: "I am willing to take 1% of the risk to obtain greater profits." This sentence almost defines his current trading style: using a very small single risk exposure to gain asymmetric return potential.

Specific operations:

Set stop-profit and stop-loss at all times

Choose "rest" after a large profit to protect profits

You also need to rest after a loss, "ideally one week"

Do not accept a large profit retracement, "preserving existing profits" is the top priority

He is no longer "chasing opportunities", but managing the entire account life cycle.

Why choose "part-time trading"

"Part-time trading is more in line with my current situation." Yang Zezheng believes that trading should not be hijacked by the pressure of life.

When trading becomes the only source of income, human nature will force you to do things you shouldn't do - overtrading, enlarging positions, and abandoning rules. The part-time status, coupled with the rule constraints of profit-sharing accounts, creates an environment closer to ideal trading:

Don’t be forced to make frequent moves by monthly bills

Rule accounts force you to implement established strategies

Examination screening ensures that peers have similar risk control awareness

The importance of being recognized once

Talking about this participation in EagleTrader Regarding the gains from the proprietary trading exam, Yang Zezheng gave a very restrained answer: "Being able to join Eagle Traders is my biggest gain. I feel very grateful for this."It's an honor to arrive. ”

In his view, being recognized by a system that respects transaction logic and emphasizes risk control and execution is itself a staged confirmation. Under the protection of rules, continuing to revise strategies and polish execution capabilities, this qualification is often more precious than short-term gains.

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Because traders who truly stay in the market for a long time always need external constraints to combat internal human weaknesses.

Finally, for traders who are preparing to register or are taking exams, Yang Zezheng summed it up this way: “The road to trading is full of thorns. As an eagle soaring in the sky, we have nothing to rely on but ourselves to survive in the market. Only by surviving can one be qualified to become a qualified hunter. I also wish everyone can become a veritable eagle trader. ”