November 27, 2024

Today's Reading Share:

8. No matter how good a trade looks, long-term losers will almost do everything in their power to avoid accepting the reality of potential losses.

9. Trading does not have a formal ending; the market will not force you to exit a trade unless you have the proper mental structure. You must always end trades in a way that aligns with your best interests; otherwise, you may become a passive loser.

10. Trading has many contradictions, one of which is that it simultaneously offers benefits and drawbacks. The benefit is that for the first time in our lives we can completely control everything we do; the drawback is that there are no external rules or boundaries to regulate or organize our behavior.

11. Most people have learned or developed various skills that allow the external environment to align with our mental environment. However, these skills are completely useless in the trading market; the market does not respond to control and manipulation (unless you are a market maker or a whale). However, we can change from trying to control the environment to learning to control ourselves, so that our perspectives on the situation align with the environment.