Trading progresses in a moment. Everyone has talents. If you judge a fish's ability by whether it can climb a tree, the fish will probably think it is stupid all its life.
The ability of a trader can only be effectively exerted within the system. What is the enlightenment after experiencing despair in trading? Only thorough trading can lead to success!
You cannot be discriminatory when trading. An opportunity that you value heavily may just be a trap that will make you blow up your position, while an opportunity that you value lightly may actually have a real market trend. The positive and negative cannot offset each other.
Why do many traders keep losing money despite countless lessons learned? Why do they always start to change their minds and actions when they feel that the clouds are about to clear? Why can't they get out of the vicious circle of failure?
No matter how long you have been trading, how much you have lost, or how many times you have learned the truth, as long as you are still losing money, you need to re-examine yourself.
Trading is an industry with a very low success rate. In this industry, only thoroughness can lead to success. Thoroughness is a huge energy. Not being thorough enough will cause more harm to your life than procrastination.
What do you do thoroughly? Thoroughly and consistently execute a trading system with a positive expected value!
When you are completely loyal to the trading system, trading becomes simple and easy.
When you betray the trading system, trading becomes complicated and painful.
Abandon all illusions and stop looking for the Holy Grail.
This market is cruel. It will constantly tempt you to break your own rules. The biggest trap in the market is that if you break the rules and still enjoy the benefits, your feedback loop will be strengthened and you will continue to be tempted to break your own rules. In the end, you will go further and further and repeat the tragedy over and over again.
What is thoroughness? It means only doing transactions within the system, entering the market firmly without hesitation when an entry signal appears, and exiting the market firmly without hesitation when an exit signal appears.
Maybe you occasionally did not follow the system rules and tasted the sweetness, but trading is a long-term thing. In the long run, your subjective operation cannot compare with the overall effect of the trading system. Some of your transactions are profitable. In fact, you have been profitable for several months, but it is difficult for you to evolve into a long-term sustainable profitable trader because you spend most of your time and energy outside the system.
What you’re doing is essentially looking for success in all the wrong places, when what you should really be concerned about is the long term, not searching for a new holy grail.
In the short term, the success or failure of the operation depends on the direction of the market, while in the long term, the final profit depends on the probability advantage established through the consistency of actions. This is the weapon that traders rely on for survival. If you want everything, you will often get nothing in the end. You will lose the watermelon while picking up sesame seeds. However, when you understand that there is gain only when there is sacrifice, you will actively give up some temptations and be clumsy to follow the simplest principles. In the end, you will get a good result, that is, you will get a river by taking a scoop.
It is often futile for traders to seek to expand their abilities outside of the system. Everyone has talents. If you judge a fish's ability by whether it can climb a tree, the fish will probably think it is stupid all its life.
The ability of a trader is actually in the system. If you have not built your own trading system, you can read Mingge's other articles and short articles. Or you can just use Mingge's.
Like and follow, everyone is welcome to chat with Brother Ming about the difficult problems encountered in trading. I wish you smooth trading and a speedy success.
