Establishment of a successful trading mentality:
1. First of all, we must look at the investment market objectively and rationally. There will always be alternations between long and short positions, and cycles. This is a natural law. Trends have inertia, and inertia means stability. In the face of consolidation, you must be as patient, tolerant, and calm as possible.
2. Reasonable stop loss is a necessary process for moving towards profitability. If you can't make a profit, you must withdraw, and small losses are fine. Opportunities can be lost, as long as you have capital, there are opportunities. Only by continuous trial and error can you seize the trend.
3. Go with the trend and avoid being eager for quick success. Do things in a timely manner, and you will feel relaxed. Fighting against the market, you will be exhausted. When it falls, don't rush to buy the bottom, look down. Trends cannot be formed in one day, and it is difficult to end them in one day, so be calm.
4. Master 1-2 technical analysis methods. Technical analysis is the guarantee of a good trading mentality, and a good trading mentality is the premise for the effective use of technical analysis. The two complement each other. Mastering the simplest and most practical 1-2 technical analysis methods is enough to deal with this market.
5. Strictly implement iron trading disciplines. Develop the habit of setting stop loss every time you place an order. Execute unconditionally when the stop loss point is reached. Plan the profit and loss ratio before each order, make an operation plan in advance, and reduce the temporary impulse during the trading session.
6. Accumulation of experience. To do well in the market, you have to accumulate experience. With experience, you can reduce mistakes, and you will not fall into a lot of unnecessary troubles and suffer unexpected setbacks. Reducing mistakes is not enough. To do better in the market, you must also be able to deal with mistakes as soon as possible.
