A successful trader is a realist. He knows his own abilities and limitations, he knows what is happening in the market, and he has ways to cope with it. He never looks for shortcuts, but carefully analyzes the market and examines himself, and then makes a practical plan. Because a professional trader can hardly bear the losses brought by fantasy.
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When amateur traders suffer a few blows and have to call margin, they often go from blind arrogance to timidity and start to have some strange ideas about the market. These losers buy, sell, or avoid trading according to their fantasies. They are like children who are afraid to look under the bed or walk through the cemetery at night because they are afraid that there will be demons there. The chaotic environment of the market is also easy to cause hallucinations.
