I have been doing trading recently and gradually found that trading has a lot to do with our serious character. Of course, many people may know this. It is not just about trading, but can be extended to doing anything. A serious and careful attitude is indispensable.
But how can people who are careless do a good job in trading? Will it be more difficult for them to do a good job than others? First, let's define seriousness, and then analyze and give some examples around seriousness. How should we be a serious person and extend it to the field of trading. Finally, we need to extend the seriousness, because being serious alone may not be enough. When you are serious, you also need to do it with your heart. The explanation of seriousness in the encyclopedia is to treat it with a serious attitude or mood. I believe that many people have made mistakes because of carelessness, especially in the learning stage.
I think we should have a concept that although our bodies are our own, we are actually powerless to do many things about ourselves. For example, quit smoking, drinking, quit using mobile phones, go to bed early, eat less, exercise more, etc. Reviewing my previous trading status, you might as well follow my pace and recall how you usually trade. I usually turn on the computer when I get home, and then go through several varieties from beginning to end. I haven't even finished reading half of the varieties, but I have already placed several orders.
It often takes less than 20 minutes to browse the market. Then you may watch the market go up and down, the funds in it jump back and forth, and your mood swings with it. If you are in a good state, you may analyze it for a while. If you catch up with the bad market, you may also trade in and out frequently, or be frequently interrupted by other things, or you may not have the patience to check the market anymore, as long as you have an order in hand. You also have time to watch the live class, but you don’t have the patience to listen to a few words.
A lecturer once said that he spent 3 hours to review the market. I was still surprised to hear this. Think about it, the difference between the 3 hours of the expert and my 20 minutes is not just 9 times. How can I surpass most people in the market? I think he must have thought carefully about each line he drew. I don’t know how many times he has gone through the logic behind this line and what theoretical support it has.
As for me, I just looked at a cycle and drew two lines to draw a conclusion. I didn't even switch the cycle to compare. This shows that I am not serious enough. It may have become a habit. I don't know how to be serious. As a hardware engineer, I have made various mistakes while working. I made the wrong package, short-circuited the circuit board and still sent it out, made the wrong wiring, made the wrong pin sequence of the schematic chip, and many other problems. These are obviously avoidable, just because of carelessness. If it continues like this, some things may not matter, but once something big happens, it will have immeasurable consequences. The chip made a mistake in a pin that led to the failure of the entire project. Many people worked hard for half a year. This made me blame myself. Fortunately, there was a remedy soon.
If I still have this attitude when trading, what will the final result be? Maybe I will slowly make a profit, but compared with the traders who work seriously, even if I put in more effort, I will fail because of this lack of seriousness, and will eventually be defeated by my own attitude. Successful people are not smarter than you, nor do they have better luck than you, but they can pay more attention and work harder than you in every seemingly insignificant little thing, and they are more patient and responsible than you. Being serious does not mean that you only need to be serious when trading, this should be reflected in everything you do. If an amateur trader is sloppy at work every day, and then meticulous when trading at home, I don’t believe there is such a person.
Therefore, we are required to take everything seriously and develop such a habit, so that we can calm down and think seriously when trading. The field of trading is not like other industries. Your shortcomings will be magnified several times and displayed at a glance. Therefore, our requirement is that once you sit in front of the computer, you must completely calm down and give yourself enough time to analyze and compare the entry. To give a few specific examples, take a product. First of all, you need to analyze whether the trend and shock are more suitable for long orders or short orders under the trend. Then it is around finding support and pressure, and start drawing lines.
Drawing each line is not random. For example, a pressure line, then it is more appropriate to take a point at a certain position for this line. Are there any other drawing methods that conflict with it? The market often has shadows and entities, and different levels show different performances. Which level is the most effective? How to take the points of the golden section line? Is it really the highest and lowest points? What is the theoretical basis? All these need to be thought about. Dow Theory once said that history will repeat itself, but it will not simply repeat. Have you ever found a repeated market? It may happen several times on a variety. These are our opportunities.
No matter how you traded before, no matter what your personality is like. I hope that after reading my article, you can cultivate your own serious character. Whether in work, life or trading, you must be a serious person, think more, and look up what you don't understand. Do things with a basis, and don't abandon the theory. Be patient when drawing lines, and be serious when trading. Analyze more when placing orders, and compare more varieties. Train your seriousness, and only love to fight can win! Friends who like it are welcome to like, collect, and follow. I wish you all a smooth investment!