After more than ten years of trading, I have met tens of thousands of traders. The unanimous idea among them is that it really takes talent to be good at trading. Look at those talented traders who can make huge profits without any effort and achieve financial freedom, such as Soros, Xu Xiang, and Livermore, the protagonist of "Reminiscences of a Stock Operator".
Of course, there must be talented traders in this market, but basically the probability is one in ten million, or even one in a hundred million. We all want to be this chosen one, but it is really too difficult in reality.
Then I will change the perspective and summarize the common characteristics of the traders around me who can achieve stable profits. They may not have god-level returns, but at least they can achieve stable income. I think for ordinary people like us, it is enough to learn from them.
Characteristic 1: Patient and stable.
Including the traders in my own team, they are all very patient. Whether in the daily trading practice or in answering students' questions, everyone's patience exceeds my own expectations.
Sometimes I ask them, why are you so patient? Don’t you feel annoyed sometimes?
Their answers all are that they are basically abused every day in trading, and trading is inherently an anti-human thing. If you can even persist in trading, what else in this world can challenge your patience?
I have also come into contact with some friends who have their own fixed trading strategies and have achieved stable returns. During the conversations with them, everyone is very calm and there is never a debate. There is no desire to compete with each other over who has the best trading strategy, because we all know that trading strategies are very personalized and are within our own tolerance range. There is no high or low strategy, only whether you make money or not. As for how much money you can make, that depends on your own ability.
This quality of patience is so important for trading. Let me give you an example. For example, when you are waiting for an opportunity in a transaction, people with trading experience know that it is not technically difficult to look at the right direction and find the expected entry point. Many technical indicators can give precise points. But once it comes to actual combat, there are very few people who can really wait for the market to be in place before entering the market and who can strictly control their hands. Lack of patience is a personality trait of most people.
This is also an important dividing line between losers and winners.
Patience can be trained, and you can learn to delay enjoyment in your daily life. For example, if you usually love to watch short videos, the reason why short videos can become popular is that they are short, flat and fast, and can quickly satisfy people's spiritual needs. They can also be called spiritual opium. Once you have this kind of "instant satisfaction", it will be difficult to accept very deep content.
So I suggest that you watch less short videos, read more, and watch more in-depth content. If you want something, you can try to delay it for a few days or wait for a while before satisfying it. When you are impatient or want to lose your temper, you can recite a few words in your mind to remind yourself to manage your emotions, etc. You can also maintain a certain amount of exercise training, such as long-distance running, skipping rope, swimming, etc., which will calm your mind and let you experience the true meaning of "slow is fast".
Characteristic 2: Willing to learn and hardworking.
There is no threshold in the trading market. As long as you have some money, you can open an account and trade at will. However, the more threshold-free the industry is, the higher the hidden threshold is. Many people start trading without any foundation, do not understand the knowledge of the financial market, are not proficient in trading techniques, and even do not know how to use trading software. How can they not lose money?
I know traders who have achieved stable profits, and almost every one of them loves reading. When it comes to some popular trading books on the market, most of us have read them and can exchange a few words. At the same time, we all have very similar interests in philosophy, history, and biography books. Some of them also like to cultivate their character, practice calligraphy, grow flowers, etc.
What’s interesting is that most of them don’t think they are particularly great. Instead, they are willing to listen to other people’s opinions, learn from others’ strengths, and reflect on and summarize their own weaknesses.
I know a few people who are good at day trading. They are all hardworking and don’t have many entertainment activities in their lives. Day trading is quite energy-consuming. For example, you have to watch the market every day. Before the market opens in the morning, you need to analyze the market and make a trading plan, so you can’t stay up late at night.
Trading is not like going to work where there is supervision and you don’t have to punch in on time. It all depends on the self-discipline of the trader. If you don’t have a diligent attitude, it is easy to gradually lose your subjective initiative in the day-to-day trading. In the end, all the trading is the output of a fixed trading method. When you lose the novelty in the trading, you may even feel tired of the trading and become more and more lazy. Therefore, trading still requires a diligent work attitude.
Feature 3: Good at thinking and good at detaching.
I didn’t think that being good at thinking was an additional ability before, until I discovered that many people don’t like to think, like to sit back and enjoy the fruits of their labor, like to seek benefits and avoid harm, and like to listen to the opinions of others in a group.
We humans like to live in groups, and it is difficult to completely break away from sociality. Just like Ding Yuanying, the protagonist in "The Faraway Savior", he seems out of place in this world because he is too independent, too independent to be a real person. He can withdraw from this world, hide in a small corner, and not care about worldly affairs, but no one will deny his strength. Because he is away from the world and the crowd, he can think about the world more independently and look at everything in the world from a more global and objective perspective.
This is a kind of courage and also a kind of pattern.
In the early days, I also liked to discuss trading with a group of people, I liked to compete with each other, and I liked to be recognized. But now that I have been trading for so many years, that impetuous feeling has completely disappeared. The people I know who have made profits can be said to be very thoughtful and have their own wisdom. In the process of communication, we can unconsciously talk deeply, go deep into the most painful aspects of trading, and also go deep into the way of trading and the way of life.
Being able to separate ourselves from these complex groups and think independently is a rare quality. Others may think that we are sick, too unique, and too strange. But only we know in our hearts that right and wrong are relative. If we make money and live a transparent and comfortable life, that is the best thing.
In the early days, I thought trading was a kind of ability. The more I did it, the more I realized that trading was nothing more than a game of mentality. When you have these qualities, you will not have a bad time in any industry.
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