The success of trading depends on the joint effect of time, place and people. The so-called time refers to the market situation. When the market comes, even the most inconspicuous investors can profit from it. However, such opportunities are rare. So, what is the location? In my opinion, location refers to the trading system, especially the precise control of market points. When the market is not so ideal, how to deal with it is the key to whether investors can survive in the market for a long time. In addition, we also need to consider whether we can maintain no losses in neutral industries and whether we can minimize losses in bad market conditions.
Let's talk about people. In my opinion, people are one of the most important factors. People refer to consistency, whether we can achieve unity of knowledge and action. Although the unity of knowledge and action mentioned here has a narrow understanding, I think everyone should strive to achieve it. The reason why many traders fail is that there is a problem with people. For example, I originally planned to study at night, but a friend called and invited me to drink, so I changed my original intention, and finally drank until late at night, and couldn't get up early the next day. This is the fundamental difference between losers and winners. Winners know how to stick to their plans and are not disturbed by the outside world, while losers are often influenced by external factors and cannot stick to their original intentions. Therefore, in order to succeed in trading, we must pay attention to the coordination and unity of time, place and people.
