Trading philosophy is crucial. In trading, trading philosophy and trading psychology are essential, and they are the prerequisites for scientifically executing a trading plan. Trading philosophy is a macro framework, as important as a person establishing their worldview and values at the age of twenty-five. Trading philosophy also transcends any technical analysis system, being a system within faith and belief. Trading philosophy is entirely internal, akin to a person's faith being the soul of trading. Risk control, trading discipline, trading strategy, and technical analysis are compared to risk control. The roles of trading discipline and trading strategy are significant, encompassing entry, exit, patient observation, and management of the trading process. These aspects are bewildering and unrecognized for losing traders, much like traders studying technical analysis may understand support and resistance levels. However, without risk control, capital management, and disciplined execution of a trading plan, everything is futile. Financial trading is actually multidimensional: The first dimension: For traders, technical analysis and fundamentals are merely the first dimension, a prediction of future price probabilities. The second dimension: is risk control and capital management, reflecting a scientific understanding of risk. The third dimension: trading discipline and mindset make trading more disciplined and rigorous. The fourth dimension: is trading philosophy, the soul of trading—faith and belief. Immature traders immersed in technical analysis are actually in the first dimension, merely deriving pleasure from judging rises and falls, believing that being right about these judgments equates to victory. The above discussion simply and accurately reveals a truth: the skill in trading lies beyond the poetry; the outcome of trading is determined not by the first dimension of technical analysis, but by constructing higher dimensions of capital management.

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