Do you often get lost in the market and can't find the right direction?
You might find that when you go long, a drop happens, and when you go short, the bulls come back. Ask yourself a few questions: Are you clear about your trading goals, or are you just entering the market because of its fluctuations? Do you truly understand the laws of the market? Has your trading strategy been thoughtfully considered? Are you strictly executing your trading plan? Do you reflect and summarize after each trade? Can you maintain a calm mindset in response to market fluctuations? Are you constantly learning and improving yourself?
Getting lost in direction is due to not having clear trading goals, so you need to set short-term or long-term goals. Your misunderstanding of the market can also lead to losing direction; you need to find the laws of the market to enhance your perception and understanding of it.
In strategy formulation, if you are just blindly learning from others without optimizing your trading strategy based on the actual market conditions and your own situation, a lack of execution can also render your strategy ineffective. Therefore, you must strictly follow your trading plan.
Without reflection and summarization, you cannot progress. Thus, after every trade, you must summarize and find out the reasons for your losses and the reasons for not holding positions, while also releasing your internal emotions. Practice your emotional management more, stay calm, composed, and rational, while continuously improving your understanding.
Because the market has its laws, only by respecting the market and not being attached to what you think is right can you remain flexible and adjust your strategy based on the market.