The biggest weakness of human beings is that the senses in the present always overcome the foresight dominated by logic. I think if you want to do a good job in trading, the first step is to learn to integrate trading into life, feel your instinctive reaction to the environment and changes in things at any time, so as to experience what "human nature" is.
For ordinary people, knowledge accumulation is always the most solid way to improve themselves. However, due to the nature of immediate enjoyment, we are always unable to restrain many current desires, and thus reluctantly give up long-term goals. Take a closer look at the people around you, how many people often talk about losing weight, exercising, learning, quitting smoking and drinking, but never stick to it. Seeing this, you must feel the same, because perhaps you are also confused by these desires, and what I want to say is, calm down and feel these struggles and inner contradictions, because this process of fighting with reason is human nature.
Long-term trading is painful. As the time dimension lengthens, the fluctuation range of asset prices will also be enlarged. In actual operation, you will be glad that you have persisted in your decision for countless times of unwinding, but at the same time you will also experience countless regrets for not closing your positions at a profit. At this time, you may try to increase operations during the holding process in the hope of reducing costs, but the result is that your operation frequency becomes higher and higher, and you gradually change from long-term to short-term. However, in the end, you still did not get the result you wanted. Because you are just an ordinary person, you do not have the power to dominate right and wrong, you don’t even know what is right or wrong, you are just going with the flow. And this is human nature.
There is a controversy here: long-term is often the strategy that is most likely to lose all your money, and blind persistence is meaningless. Indeed, in many things, choice is more important than hard work. The same is true for long-term trading, which requires the ability to search for high-quality assets and keep track of the preset trajectory of the project party/enterprise's development history (Project Milestones). But ask yourself, how many times have you not persisted in the end despite having done detailed research and set the entry and exit conditions.
Perhaps the world is not as complicated as we imagine. Ordinary people can still feel the torrent of world change to some extent. The development of society is carried out in chapters of several decades, and if we look back at each chapter, it seems that there is an obvious main theme. Therefore, many times, we must learn to trust our own perceptions, learn to use reason to deepen our own judgments, and stick to it. Even so, we may still be wrong, but the return/risk ratio will definitely be higher, and this is the correct way to open investment. #内容挖矿