Three major difficulties in trading, see how many of them you have?
The biggest stumbling block in trading is actually yourself
Trading is difficult and simple. But these three obstacles have tripped up many people.
First of all, the skills must be strong. Without skills, it is like groping blindly, which is no different from gambling. It is better to go to Macau. But having skills alone is not enough. The key is to have a stable mentality. Why do you say that? Because the biggest stumbling block in trading is actually yourself.
The first difficulty is that your hands are too itchy and you can't control yourself. The purpose of trading is not to make orders, but to make money. You have to spend time before and after the market, don't always stare at the market. It is easy to find opportunities to enter the market every day, but it is difficult to actually go short. Many novices don't understand that going short is actually a strategy.
The second difficulty is that you can't trade according to the plan. Execute according to the strategy, set the stop profit and stop loss before entering the market, and then do what you should do. Just check it once every cycle, don't always stare at the screen. Have you heard of "Walmart trading"? It means that you can go shopping in the supermarket after setting the stop profit and stop loss. But many people, after entering the market, are like being welded to the screen. If they make money, they will be too proud to increase their positions, and if they lose money, they will blame themselves for why they want to make this transaction. In fact, how the market goes is the market's business, and it has nothing to do with whether you look at it or not.
The third difficulty is the fluke mentality. Once the emotions come up, you don't care about anything. It's not time to enter the market yet, but you are in a hurry to enter the market, for fear of missing a good opportunity. As a result, you get yourself trapped for that little profit. In the trading market, especially the leveraged ones, you must not think that you can get away with it. The market will not indulge you, and you will go your way.
So, trading has to be done slowly, don't rush for success. You have to learn the technology and practice your mentality. Only by crossing these three hurdles can you go further and more steadily on this road.
I wish you all make a lot of money in this trading market!
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