It is difficult to face the market rationally, because the market is a carnival of emotions. If you think you are a unique participant in the market, you are just a part of the torrent. In the market, please underestimate yourself, feel the trend, and follow the trend. Only in this way can you get a share of the market.
Traders are desperately pursuing profits, thinking that they lack skills. In fact, before they have even set foot in the market, all kinds of emotions surge up. When they have a floating loss, they stare at the market hoping that it will go up; when they have a floating profit, they are worried about giving up even a little bit of profit. So they cut off profits and let losses run.
Is it the technology I lack? Is the technology useful? In the trading university, technology has always been the lowest priority course. Why do I feel this way, and at what stage do I feel this way? What does technology provide? Technology is ultimately applied to trading execution, and it only provides a rule for entry and exit. Moreover, the deeper the trading, the more you need to simplify the entry action, and it is best to identify it at a glance.
Some people say this is nonsense? I can analyze a long article of 10,000 words and can explain various trend predictions. You said that you can identify the trading entry at a glance? It is really that simple. Those who understand will understand. Because the rules are established by the traders themselves, what is the point of making them too complicated? Can you make a profit by analyzing for more than ten or twenty minutes before entering the market? Relying on a turnaround?
If you want to embrace probability, you must simplify the entry and exit criteria. Although simplicity may seem simple, it can be very powerful. It relies on a deep understanding of the market and the price operation mode. It relies on a clear understanding of the trend and the market. To put it bluntly, it is faith and belief.
Why can't you hold on to profitable orders and close losing orders quickly? Isn't it because you are not confident and undecided about your choice to enter the market? Why does it sound simple to cut losses and let profits run, but it is difficult to execute? It must be because of lack of faith.
Most people will never make money. Why? I have faith, so why can't I make money? What if my faith is wrong? If the direction is wrong, in the end, in the eyes of others, my faith will make me look like a madman who shorted all the way to the highest point in the bull market.
Those who are self-righteous and clever will not survive in the market for long. Those who can make money in the market must be those who honestly implement trading strategies and do not change easily. This is the key point. When you see this, ask yourself if you are such a person, or at least if you do this when trading. Trading does not require you to be quick-witted or have many ideas. It is enough for ordinary people to honestly execute, which is enough for stable profits.
Don't make it too complicated, just stick to it, time will give the answer. Do a good job of risk control and stop loss. Write down the transaction records honestly and do the transaction review seriously.
Let me ask you the simplest question: Have you executed more than 100 transactions in a system from beginning to end, reviewed each transaction carefully, and written down your trading experience every week and month? If not, how can you feel the trading rhythm without even touching the edge of probability? How can you understand what stable profit is? Naturally, you will not understand. So you should experience and understand at the same time, and you should experience deeply to gain deep understanding. This is the process of enlightenment, which cannot be learned by listening to others.
So standing outside the mountain, I feel that making money is inevitable and losing money is accidental;
Standing in the mountains, I feel that losing money is inevitable, and making money is accidental;
People outside the mountain lose money, while people inside the mountain make money.