In trading, the biggest mistake is to continue to indulge in personal fantasy. Many traders often have unrealistic expectations and try to accurately capture the top and bottom of the market. They look forward to the miracle of "getting rich overnight" day after day, and imagine that the next bull market is about to come, but the reality is often contrary to their wishes. This is the biggest misunderstanding in the trading process, that is, blindly immersing in the fantasy world and refusing to face reality.

The first fantasy: always trying to buy at the lowest point and sell at the highest point. This is a trap that most people cannot avoid. They always think that they can accurately grasp the extreme points of the market. However, in fact, there are very few people who can really do this. Market fluctuations are unpredictable. All we can do is to deal with them through reasonable strategies and risk control, rather than relying on accidental luck.

The second fantasy: the market will inevitably develop as expected. Many traders, especially novices, often have the illusion that as long as they make the right judgment, the market will definitely run as they expect. However, the reality is that the market is far more complex and changeable than we think, and personal expectations may be very different from market trends.

The third fantasy: to make more profits through frequent trading. Some people mistakenly believe that as long as they keep increasing the frequency of trading, they can earn more profits. They buy and sell frequently, seemingly free and easy, but in fact, this practice is often just blindly chasing ups and downs, not only wasting a lot of transaction fees, but also missing out on real profit opportunities.

So, how can we avoid falling into these fantasies? In trading, the most important thing is to recognize the reality, develop a set of sound trading strategies, and strictly abide by them. Don't dream of turning the tide through a gambling-style transaction. The market will never favor traders who operate only by feeling. What you need is rationality, discipline, and enough patience.