The essence of trading is a game of human nature!

What you think trading is: staring at the charts, making trading decisions through various technical indicators and trading techniques, competing with the market.

However, the reality of trading: is about doing something that involves a constant struggle with oneself throughout the process. We need to overcome our own greed, conquer fear, avoid locking in profits while cutting losses, and resist the urge to chase rising prices and sell on declines.

All of this is actually unrelated to the market; it is all about ourselves. So rather than saying that trading is a competition in the market, it is more accurate to say that we are always in a battle with our own human nature during the trading process. Trading goes against human instincts.

Like athletes, a healthy body, stable emotions, a rock-solid mindset, and strict trading discipline are essential qualities for an excellent trader; of course, the most important factors are still the advantages of the era and industry, along with luck.

A successful and complete trading cycle consists of: 70% mindset + 20% luck + 10% trading skills. You need to use your 70% mindset to seize the cyclical tide, and with 20% luck and 10% trading skills, expand your profits within the cycle you have captured.