Trading experience

1. This is the first law of the market: the market will definitely disappoint most traders.

2. Trading elites do not rely on a mysterious indicator or some kind of trading secret to make profits. They do not rely on choosing the right trading market, choosing the right trading time, or choosing the right financial product. None of it. Their success stems from successful trading rules and strict compliance with these rules.

3. Failure to give up past experience is a big mistake that every trader will make, without exception. Although perseverance is an important part of success, because failure is the mother of success, there are many difficulties on the road to success, and success cannot be achieved without the determination to persevere. But doing so may also lead you to continue to practice losing money, and believe me, I know this very well. You know, it took me 15 years to give up using the Elliott Wave Theory!

4. Focusing on profits will not make you big money. Traders should focus on the trading process rather than profits, that is, they should pay attention to management, clear plans and execution of trading plans. If you learn to pay attention to the trading process, profits will naturally come.

5. Believe it or not, being successful or always being right is not that important. If you are obsessed with winning, it is safe to assume that you will devote too many resources and energy to figuring out how to beat the market. These "tinted glasses" prevent you from seeing any other goal in trading than winning. Unfortunately, the will to win and be right can actually get in the way of success.

6. If the report you read has too clear views and opinions, please be wary; if the analyst seems to know everything, then you must be careful.

7. Success is great, but making it your main goal is inappropriate and disorienting. If you want to be successful, your trading goal should be risk money management. #BTC