Why do individual traders always make small profits and big losses? The key is that they have not been able to jump out of the trap of human nature!
There is a harsh saying in the trading world: "Don't be greedy for small profits, don't be afraid of big losses." But few people can really do it. For example, you opened an order for 20,000, and ran away when it rose to 21,000. You were very happy with a small profit of 5%, but the market soared directly to 25,000, and you missed 50% of the profit! You told yourself to make big money and resolutely not to stop profit, but the market fell back, you entered the market again, and ended up being stuck again, and finally lost money. This is a typical weakness of human nature-greed and fear!
Want to make money? Then you have to do the opposite! Don't rush to run when you see a little profit, you must have patience and courage to catch the big trend. But this is not easy, you need to have a very high mentality, patience and courage.
Are you willing to wait for the best time? Do you dare to continue to hold when the profit is huge? Can you do not care about the principal and boldly open a position? All these require time and experience to practice.
Don't always complain that you are unlucky and can't meet a good market. The truth is that good market conditions are rare, and the market fluctuates most of the time. What you need is to adapt to this rhythm and go with the flow.
Also, don't blindly operate in the following three situations: the mentality of missing out when you see others making money, the overflowing self-confidence after continuous success, and the eagerness to make up for the loss after a big loss. At these times, you are more likely to lose your mind and make wrong decisions.
Finally, don't think about getting rich in the short term. To succeed in trading, it is key to extend the timeline and stay calm and rational.
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