The essence of trading is a game against human nature!
What you think trading is: staring at the charts, making trading decisions through various technical indicators and trading techniques, competing with the market.
However, the reality of trading: is doing something that constantly involves a game against oneself throughout the process. We need to overcome our own greed, conquer fear, resist the urge to lock in profits while cutting losses, and refrain from chasing highs and selling lows.
All of this is actually unrelated to the market; it is all about oneself. Therefore, rather than saying that trading is a game against the market, it is more accurate to say that we are continually in a struggle with our own human nature during the trading process. Trading goes against human instincts. #CryptoCircle##Cryptocurrency#
Like athletes, a healthy body, stable emotions, a rock-solid mindset, and strict trading discipline are essential qualities for an excellent trader; of course, the most important factors are the era, industry benefits, and luck.
A successful complete trading cycle consists of: 70% mindset + 20% luck + 10% trading skills. You must use your 70% mindset to catch the wave of the cycle, along with 20% luck and 10% trading skills to expand your profits during the captured cycle.