Brother Ming, I have never been involved in trading before. Do you have any experience to share with me?
When new traders come to me, I usually scare them. They have to be mentally prepared. Because I don't like to tell lies, and the truth is too naked, but I would rather you feel uncomfortable at the beginning than feel uncomfortable after losing money in the future.
First of all, the difficulty of surviving in the trading market is far beyond your imagination. Even if you have mature technical analysis experience and the ability to deal with setbacks, it may not guarantee your long-term stable profit. Because the market is speculative, there will be losses and gains to drive the market to continue to operate. You will never know whether you are the one who loses or the one who wins.
People who have just entered the market for a short time will definitely overestimate their abilities and underestimate the complexity of the market. Many people often see a pattern and think that they have mastered the essence of the market, but they fall when they encounter a wave of market conditions. They gradually begin to enter the "prediction superstition" and think that people who succeed in trading must be good at predicting the market.
But after trading for a long time, you will find that no one can accurately predict the market. You may guess right once or twice, but you will not always be right. Prediction is the stupidest behavior.
The core of trading is to establish a fixed trading model. Whether it is called a trading system or a trading strategy, the name is not important. What is important is to have consistent trading rules, fixed stop loss and stop profit, and position management standards to ensure your survival in the trading market.
I think people who can make profits in trading are all lucky people. The luck here does not mean that you can make the right market every time, but the luck that can really understand the truth, not greedy or anxious, and seriously do trading for a long time to make profits.