Mental training
The road of Yi is a road of learning. For everyone, failure is almost always caused by oneself. Since you want to survive in this market, you have to change your life frequency to follow the market. Few people are born to belong to the market, so to succeed, you must change!
Change all the wrong ideas and habits in the past, and continue to practice the correct behavior until it becomes your habit. Emotions will make people chase ups and downs, so you have to control it. "Human nature does not want people to easily admit losses, so you have to get used to the feeling of admitting losses." "Human nature is also unwilling to let people give up the existing book profits that have been realized, so you must overcome the idea of 'human nature is short-sighted and quick to profit'."
In financial transactions, facing the ups and downs of money, the ups and downs of the market, most traders lose their trading plans or rules, have nothing to rely on, and begin to unconsciously fall into random trading. Therefore, there are many famous sayings on Wall Street that talk about these phenomena, and many people are also studying trading psychology. "Plan your trades, trade your plans" is also a typical saying.
In fact, the discussion about trading mentality is an old topic. Friends who have had some trading experience should understand the impact of trading mentality on the "success or failure" of trading. At the beginning, many novice traders regard trading technology as the key to the success or failure of trading when entering the stock market. However, after a period of trading, they will find that due to many reasons of their own, we have no way to enforce trading discipline.
Knowing but not doing is just ignorance. This is from Wang Yangming, a thinker, educator, and military strategist in the Ming Dynasty. Wang Yangming is also known as the best warrior among the literati in the Ming Dynasty and one of the few perfect people in ancient and modern times. His theory of the unity of knowledge and action has a great influence on later generations. I like this simple and crude sentence the most: "Knowing but not doing is just ignorance." Some time ago, there was a very popular pretentious saying: "Knowing so many principles, but still not living a good life." If you understand Wang Yangming's words, you will know that no matter how much you study and understand, if you don't practice, you will end up being just a nerd.