If a person can operate without deviation from start to finish, regardless of how the outside world changes and how many temptations there are, and can adhere to their own rules and principles, the probability of success in trading is extremely high.
Most people do not grasp this point.
The market always uses temptation to make you deviate from your principles, your direction, and even your profit model. There are many dazzling 'opportunities' every day, and if you cannot resist the temptation, you will be unable to stick to your principles, leading to indecision and ultimately achieving nothing.
You see many people who always feel like they have missed this opportunity or that opportunity. Whenever there is a rise, they feel they are slow. This mindset is what limits your ability to achieve stable profits. Because once you have a sense of comparison in your heart, you actually lose objectivity, which ultimately leads to chasing highs and selling lows.
From what I know, almost everyone who can achieve stable profits consistently adheres to their core strategies and does not change from one day to the next. Some engage in long-term value investing, remaining unfazed by short-term market fluctuations. Others do ultra-short trading, following market trends, and will never abandon their model to pursue long-term opportunities just because certain institutional coins are performing well at a given time.
There has never been an athlete who is both a sprinting expert and a long-distance running expert. Even if they are very good, they can only deeply cultivate in one direction they are best at. Only in this way can they possibly win medals. If they practice sprinting today, long-distance running tomorrow, and swimming the day after, they will not earn a single medal.
In other words, for almost everyone, walking a path to the end may be better and easier to approach success.
I once heard an interview with a successful trader who mentioned that almost all his early losses came from 'outside the model'. They were attracted by temptations outside of his model during certain phases, leading him to deviate from his system and chase opportunities outside his model. When he truly decided to only pursue opportunities within his recognized system, ignoring how well things were doing outside, he truly broke through and achieved stable profits.
The core of his entire interview can be summarized in one sentence: Give up 'opportunities' outside the model to break through. Opportunities outside the model may seem like opportunities, but they may not necessarily be opportunities for you; they may instead carry risks. Even if you happen to make money with such 'opportunities', it may encourage you to deviate from your system, making you feel it is reasonable not to follow the system, which lays a hidden danger for your long-term stable profits.
Therefore, how to eliminate the attraction of external temptations, focus on your own model and system, concentrate on the logic you can recognize, and only operate within your model is a mandatory lesson for everyone on the path of trading. Only by thoroughly understanding this can you hope to go further on the trading path.
Understanding this requires you to go through many detours. As someone who has been there, I hope this passage by Wen Ge can be helpful to you.
Whoever understands first, acts first, and benefits first.
