The essence of trading is a game of human nature
What you think trading is: staring at the charts, making trading decisions through various technical indicators and trading techniques, competing with the market.
But in reality, trading is about doing something that involves a continuous game with oneself throughout the process. We need to overcome our own greed, conquer fear, resist the urge to secure profits and cut losses, and avoid chasing trends and panic selling.
All of this is actually unrelated to the market, but is related to ourselves. So rather than saying that trading is a game against the market, it’s more accurate to say that we are constantly battling our own human nature during the trading process. Trading goes against human instincts.
Like athletes, a healthy body, stable emotions, a rock-solid mindset, and strict trading discipline are essential qualities for an excellent trader. Of course, the most important factors are still the era, industry advantages, and luck.
A successful complete trading cycle consists of: 70% mindset + 20% luck + 10% trading skills. You need to use your 70% mindset to capture the cyclical wave, along with 20% luck and 10% trading skills, to expand your profits within that captured cycle.
Later, I will share a trading system with everyone, what it means to have an invincible trading intuition.