December 11, 2024

Today's Reading Sharing

53. The Beliefs of Long-term Winners:

(1) I objectively recognize my advantages.

(2) I predefine the risk for each trade.

(3) I fully accept the risk and am willing to forgo the trade.

(4) I act based on my strengths, without reservation or hesitation.

(5) When the market makes me money, I reward myself.

(6) I continually examine the possibility of my mistakes.

(7) I understand that these long-term success principles are absolutely necessary, and thus I have never violated them.

54. Reviewing the 5 Key Facts of Trading Markets:

(1) Anything can happen.

(2) You don't need to know what the next change will be to make money.

(3) The gains and losses generated by any set of variables defining an advantage are randomly distributed.

(4) An advantage simply shows that the probability of one event happening is higher than another.

(5) Every moment in the market has a unique nature.