Fat Cat's article about trading systems is quite realistic. Many of the articles are about the pitfalls that people who have experienced them have walked out of, which is worthy of recognition. I would like to add one more thing, which may discourage many people, but it is also true, that is: even if you have built a trading system that is more suitable for you, there will be countless reasons that hinder your thinking and operations during the execution process. Firm execution does not mean that you will be able to do it well as long as you are extremely determined in your heart. In fact, if you can do half of it, most of the time it is already rare. It doesn't matter how much you make when you make money, but the difficulty is whether you handle it correctly when you lose money.
In essence, whether it is survivor bias or betting on probability, trading is almost 99.99% not suitable for ordinary traders, while 99.99% of ordinary traders are almost all unwilling to admit defeat and some are even self-important, always thinking that there will be good results if they persist. In fact, more people persist and work hard, but still lose everything in the end. It is essentially the setting of the contract, the bad nature of human nature, and the unpredictable accidents that affect your thinking and operations. The whole currency circle is full of screenshots of texts about getting rich quickly, and sober people first see how to deal with risks.
The only things that can be relatively certain and controlled are your position and stop loss. The market is unpredictable, and the market has the final say on where it will go. There is no certainty in the market, and it is actually just a probability. What you need to do is how to deal with and respond to where the market goes. In the short term, look at volume and price, in the medium term, look at trends, and in the long term, look at cycles. The price trend and market sentiment are a pair. With the combination of volume, price, time and space, as well as a good attitude towards unfavorable market conditions, there is a small chance of getting positive returns in a long term and relatively stable manner.
Many KOLs are saying that it is better to play spot instead of contracts, but they are still playing, and they don’t even have a decent spot foundation. When they make money, they post all kinds of pictures and smile, and when they lose money, they find all kinds of excuses. The final result is zero. The few who can survive are just those who can cope with risks better and withdraw cash quickly. It’s not that contracts cannot be played, but they are not suitable for most people. Moreover, contracts are just icing on the cake, using profits to fill the spot. Spot is the underwear, and contracts are a relief for ordinary people. Few people make a lot of money with contracts in years. They all go from wanting to make a lot of money to wanting to make a small money and then to always on the road to making back their investment.
There are many people around me who have made a profit or even made a profit from spot trading, but there is no one who has made a profit from contract trading. This is the cruel reality. It is too difficult for most people to admit that they are just an ordinary person among the masses. They cannot recognize themselves and the reality. Losing all their debts is not the end. The family is broken and the death of people is the grave. Completely degrading and falling into self-destruction is the complete loss. Encourage those who understand. Those who do not understand are not awake yet, and there are countless pits waiting for you to step on.
Finally, trading is about being yourself and constantly adjusting yourself in the market again and again. You are trading the market and yourself, trading your own logic, trading your own cognition, and trading your own emotions. Many times, you need to reconcile with yourself when facing the results, whether good or bad. You don’t need to be overly happy if you make money, and you don’t need to be overly pessimistic if you lose money. Knowing is easy, but doing is difficult. As long as you do it seriously according to your own trading system and trading logic, it is correct. We come to the currency circle to make money and improve our lives, not for the excitement of gambling, nor for showing off. Everyone is a victim before we get out of the sea of suffering, and there is no need to attack each other. It is not easy. Finally, I hope that everyone who works hard to make money in the currency circle can get ashore, but you also know that this is just a wish. The road is long, so cherish it while you go, and don’t lose your original self in the world of trading.
mutual encouragement.
