What do trading masters choose and what do they give up?

First of all, you need to understand why trading requires trade-offs.

Because trading is like life, many factors are mutually detrimental, one increases while the other decreases, and you cannot have both.

For example, many traders fantasize about being surrounded by beautiful women and having fun every night after becoming rich. In this case, they give up loyal love and the pursuit of self-cultivation.

For example, many people choose to start a business and choose more possibilities for the future, but what they often give up is stability.

It can be said that in trading, like in life, you have to pay a price to get something.

For example, if you want to make huge profits, and huge profits often mean holding a large position, then what you give up is security.

There are old traders and there are bold traders in this market, but there are no old and bold traders.

For example, if you want to cash in your profits as quickly as possible, then what you give up is the possibility that the market will continue to run and make profits after you close your position.

If you want to take advantage of a big trend, then in most cases you will need to bear the risk of profit taking when the market pulls back.

Now that we know why we need to make trade-offs, let’s take a look at the potential pitfalls in trading trade-offs:

The market seems to have the possibility of two directions at any time, and you can go long or short, but you have to think clearly, is the extra direction an extra profitable direction or an extra loss-making direction?

Please don't believe that you are the chosen one.

For most people, one more possibility often means one more risk, not one more benefit. If you want to have the best of both worlds, it is often difficult to avoid getting hit on both ends.

The idea that we want to make money on both the long and short sides often comes from the confidence and fluke mentality of short-term profit, or the belief that if others can do it, so can we. Even if we know that most people can't do it, it's easy to feel that we are an exception. This is a common problem among young people.

There will indeed be some amazing players emerging in the market in a short period of time. They can make money whether they are long or short, and they can win as many trades as they can.

But I want to tell you that this is unsustainable. There is only one Mr. Ba, and he can't do it.

What trading needs is long-term sustainable profits, not gambling on your ability to turn things around in one transaction. Don't test your own humanity, let alone your luck.

Trading masters often give up some cleverness, some fluke mentality, the pursuit of getting rich in a short time, perfectionism, over-optimization, and perfection. This is also the reason why the champions of trading competitions are often different every year. There are many people who can make five times their money in one year, but there are very few who can make twice their money in five years.

What do trading masters choose? They choose to stop and keep to their simple ways.

The money in the market often flows from the pockets of traders who are looking to get rich quickly to the pockets of traders who are looking to make sustainable profits.

As an ordinary trader, and as someone who is not a chosen one, please abandon unrealistic expectations, reduce your positions, and lower your profit expectations. This is the only way to be sustainable.

Of course, there is a prerequisite here, that is, you must know that your trading system is profitable and has a small drawdown after 1,000 transactions. You can also use Brother Ming’s system rules that have been verified by tens of thousands of transactions. This way, you can feel at ease when executing it. If your trading system cannot even pass the historical verification, then when executing it, you will actually be worried.

You might as well ask yourself, the road to trading is so bumpy, do you want to reach the other side with a cautious heart?

Like and follow, welcome to chat with Brother Ming about various problems encountered in trading, or talk about the problems encountered when building a trading system. I wish you a smooth trading and a successful landing soon.

Earth Circle, chat with Brother Ming.