A brief discussion on trading mentality
What is trading mentality? How to establish the right mentality?
Trading mentality is actually your attitude and goal when facing trading.
Since it is so simple, why do some people's mentality always fluctuate? The most important factor here is not that you did not set a goal when you opened the position, but that as time goes by, the constant news every day makes you lose your original attitude-profit in the market
In this case, how should we face and deal with it?
1. Read less news, especially useless news. If a piece of news can make your emotions fluctuate, it is normal. #BTC☀ But you need to use your own rationality to filter and determine whether the news has an important impact on your income, and whether you should update your operating strategy? Before there is an answer, the best way is not to move.
2. Do your own math problems. Calculate your open position before each opening. If there is a loss, whether to stop loss or cover the position, you need to plan this problem before opening the position, not after opening the position. In this way, when the market moves in the opposite direction, it is also carried out in your plan, and your emotions will not fluctuate. This is a very simple math problem. You don't need to be taught. You can plan it yourself before opening a position.
3. When the market reaches the target position, you must stop profit and leave the market. Because no one can sell at the highest point every time, so don't regret it. If you can make a profit every time, you have already exceeded 90% of people.
4. Review. After each transaction, you should summarize your strengths and weaknesses, affirm your strengths, and correct your weaknesses in the next transaction. If you have traded 50 transactions and can correct one shortcoming every time, then you have corrected 50 problems. In fact, we don't have so many shortcomings to correct, only a few important problems need to be constantly corrected, because in fact, important shortcomings are difficult to correct and need to be constantly improved in trading. For example: If you can't read a book, the best way is to read it. The more you don't want to read, the more you have to read. Because except for yourself, there is no way for you to correct it. So the sooner you recognize this reality, the sooner you will make a profit.
People practice in things, so they can move and be stable, and pure and stable!