2024/02/19 Trading Records
I don’t dare to chase highs and only dare to buy lows. But if you want to buy low, you will usually face several problems.
1. The stop loss is set low but it is always swept out (especially the pin is really annoying)
2. If the stop loss is too large, you are afraid of losing too much.
3. When it starts to rise, you quickly chase the price, only to find it falls again.
4. I made dozens of percentages after buying something at a good price, but I want to sell it quickly for fear of losing money again later.
I believe everyone has these problems. As for how to overcome them, let me give you an example.
If you want to drive an F1 car, you won't be able to drive it without a good driver. It's equivalent to you not having a good mental system. No matter how much chips you have with good technology, it will eventually come to zero!
Many people are pursuing trading technology but often do not understand the importance of "trading system" and "mental system".
During consolidation and washout, trial orders are an inevitable cost, and risk control and frequency of moves need to be calculated rather than entering the market rashly!
