A successful trader must do these three steps.
Step 1: Establish an effective trading system.
The so-called effectiveness refers to "positive returns". If it is implemented for a long time, it can really make a profit.
Why do many people fail to pass this first level?
Because many people lack sufficient patience, chase the market and operate arbitrarily, and have not formed an "effective" trading system at all. Before they have determined their own trading system, they have already lost all their capital!
Step 2: Establish a good mentality.
What is a good mentality?
Don't be anxious. If you are eager to make money, you will definitely lose money.
Don't be greedy. Dream of making a fortune. The truth that heavy positions will die
Don't be afraid. It's not okay to be timid when you should take action.
Don't avoid it. You must have the courage to stop losses when you face losses. Stop losses are never wrong
Step 3: Establish consistent execution.
Even if some people have established an effective trading system, they cannot pass the execution level.
The core of the problem is that they don't have a deep understanding of the trading system, so they are either hesitant or doubtful when executing the trading system.
Therefore, we still need to improve our understanding of the trading system, trust the trading system very much, and be able to "unify knowledge and action".
