Establishment of a successful trading mentality:
1. First of all, we must look at the investment market objectively and rationally
The market will always alternate between long and short positions, and the cycle is a natural law. Trends have inertia, and inertia means stability. In the face of consolidation, you must be as patient, tolerant, and calm as possible.
2. Reasonable stop loss is a necessary process towards profitability.
If you can't make a profit, you must withdraw, and small losses are okay. Opportunities can be lost, but as long as there is capital, there are opportunities. Only by continuous trial and error can you seize the trend market.
3. Go with the trend and avoid quick success
You have to go with the flow to feel relaxed. Fighting against the market, you are exhausted. When it falls, don't rush to buy the bottom, look down. The trend is not formed in one day, and it is difficult to end it in one day, so you have to be calm.
4. Master 1-2 technical analysis methods
Technical analysis is the guarantee of a good trading mentality, and a good trading mentality is the premise for the effective use of technical analysis. The two complement each other. Mastering the simplest and most practical 1-2 technical analysis methods is enough to deal with this market.
5. Strictly implement iron trading discipline
Develop the habit of setting stop loss every time you place an order. When the stop loss point is reached, execute it without any conditions. Plan the profit and loss ratio before each order, make an operation plan in advance, and reduce the temporary impulse during the trading session.
6. Accumulation of experience is a lot
To do well in the market, you have to accumulate experience. With experience, you can reduce mistakes without guarantee, and you will not fall into a lot of unnecessary troubles and suffer a heavy blow. Reducing mistakes is not enough. To do better in the market, you must also deal with mistakes as soon as possible.
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