For a person, if they can operate consistently without deviation, regardless of external changes or the temptations outside, and can follow their own rules and principles, their chances of success in trading are extremely high.
Most people cannot comprehend this point.
The market always uses temptation to make you stray from your principles, your direction, and even your profit model. Every day, there are dazzling 'opportunities' everywhere. If you can't resist the temptation, you won't be able to stick to your principles, leading to indecision and ultimately achieving nothing.
You see many people always feeling like they missed this opportunity, missed that opportunity, and whenever there is an increase, they feel they are slow. This mindset restricts your ability to achieve stable profits. Because once you have a mentality of comparison, you actually lose objectivity, ultimately leading to chasing highs and cutting losses.
From what I know, almost everyone who can achieve stable profits basically sticks to their own three-point strategy and does not change from one day to the next. Among them are those who do long-term value investing, remaining unaffected regardless of short-term market heat. There are also those who do ultra-short trading, following market hotspots, and they will never abandon their model to do long positions just because institutional currencies are performing well at a certain stage.
There has never been an athlete who excels in both sprinting and long-distance running. Even if they are highly skilled, they can only deeply cultivate one direction they excel in. Only in this way can they have a chance to win medals. If today they practice sprinting, tomorrow long-distance running, and the day after swimming, they won't win any medals.
In other words, for almost everyone, walking down a single path to the end may be better and easier to approach success.
I once heard an interview with someone who was very successful in trading. He mentioned that almost all of his early losses came from 'outside the model', drawn away from his system by temptations outside his model, pursuing opportunities outside of it. When he truly decided to only take opportunities within his recognized system, ignoring any external rises, he finally broke through and achieved stable profits.
The core of his entire interview is summed up in one sentence: Give up 'opportunities' outside the model to break through. 'Opportunities' outside the model may seem like opportunities, but for you, they may not be opportunities at all; instead, they could be risks. Even if these 'opportunities' lead to profits by chance, they actually encourage you to stray from your system, making it seem justified not to follow the system, which lays the groundwork for long-term unstable profits.
Therefore, how to avoid being attracted by external temptations, focus on your own model and system, concentrate on the logic you can recognize, and only operate within the model is a necessary course for everyone on the path of trading. Only by comprehending this can you walk further on the trading road.
Understanding this requires walking many winding paths. As someone who has been through it, I hope this piece of advice can help you.
Whoever understands first, does it first, and benefits first.
