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In the field of trading, a mature investor needs to go through three stages of tempering to grow. See which stage you are at.
The first stage is ignorance and fearlessness. You cannot understand the risks in this market yet, so you show excessive confidence. You often trade impulsively, lacking both strategy and regularity. Although such rash behavior may bring short-term success, it often leads to tragic failure in the end.
The second stage is knowledge and fear. You begin to recognize the existence of risks and have certain concerns. At this stage, you may learn some basic trading knowledge, but your deep understanding of the trading system, profit and risk management are still relatively shallow. Therefore, you may be too cautious in operation and lack confidence in yourself or the trading system.
The third stage is knowledge and fearlessness. You have been able to accurately identify and assess risks and have mastered risk management. You can stay calm in the market fluctuations and regard risks as opportunities to gain profits. At this stage, fear is no longer an obstacle, but a result. You will not avoid trading because of fear, but because you have a deeper understanding of the trading system, so that you can reasonably control your positions and effectively execute trading strategies. Whether it is through learning and improvement, deliberate practice, or in-depth reflection, the purpose is to reduce your inner fear and make trading smoother and more natural.
If you are in the process of growth, don't worry too much. Because this may be your springboard to a higher level. Stay humble, reasonably evaluate your own strength, and take every step down to earth. This is the key to success. Then you can tell me in the comment area what stage you are at.
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