Trading is like a psychological contest, and the core competition lies in patience and wisdom.
Every operation feels like a duel with the market. The market sends signals, and I respond; if the response is inappropriate, I temporarily withdraw and wait for a better opportunity. In this contest, I have summarized the following insights:
First, it is important to understand that the market's financial power far exceeds that of individuals, and a head-on confrontation is not a wise choice. Only by following the trend can one seize profitable opportunities. When the market is unfavorable, decisively cut losses; when the situation improves, take advantage of it to expand profits.
Second, I always set a fixed loss limit for each trade. This stop-loss line allows me to remain calm and prevents me from making incorrect judgments due to emotional loss of control.
Third, major market trends are usually accompanied by sharp fluctuations, which present opportunities for substantial profits. As for a sideways market, I choose to stay away, as in such conditions, returns are difficult to match with the time and effort invested.
Finally, I prefer to wait for the market to show a clear direction before acting accordingly. This post-observation response often more effectively increases the success rate of trades.