December 3, 2024

Today's Reading Sharing

26. The reason we cannot create long-term achievements lies in our way of thinking. To cultivate and maintain a mindset that can identify the flow of market opportunities, without being affected by pain or the problems caused by excessive confidence, one must spend energy deliberately controlling the associative process.

27. The secrets of trading:

(1) Do not be afraid when trading, nor be overly confident.

(2) Interpret the information provided by the market from the market's perspective.

(3) Continuously focus wholeheartedly on the 'current opportunity flow'.

(4) Naturally enter into 'favorable circumstances' (now commonly referred to as 'flow'), which is a firm belief in oneself in situations of uncertainty.

28. You know that your strengths will increase your chances of success, but at the same time, you must fully accept the fact that you do not know what the outcome of any trade will be.

29. Extreme divergences of belief can occur at any moment and in any market, making anything possible. Not setting risks in advance, not cutting losses, and not having a systematic way to take profits are the three most common and usually the most costly trading mistakes you may make.