You must be very familiar with this title, but the content shared with you today may be different from others. For the first time, everyone thinks about a question: Why do many people lose money, and why is it very difficult to make enough profits? Is it because the 28th law determines our fate? I think there are problems in this regard, but not entirely.
Some people will lose money, and some people will make a lot of money. In the end, I still think it is a matter of belief first, and the reason for attitude and behavior second. Persistence in the implementation of beliefs will be reflected in attitudes, and attitudes will be reflected in personal trading behaviors. An excellent trader not only has the correct concept, but also has a firm belief in the implementation of the correct concept. Therefore, it is not difficult to find that they have a very self-disciplined personality, so it is a matter of course to achieve excellent results.
And a failed trader has a problem with his beliefs. What they first pursue is the result, not the process of the transaction itself. For example, in order to win the transaction, they often keep the orders with floating losses, while the orders with profits are cut off early. Can you imagine what kind of belief this is? The education that our Chinese children have received since they were young is that mistakes should be punished, instead of recognizing the advantages of children and praising them, so the reflection in our transactions is that we always think that the floating losses will come back one day, so it seems that we are not The winning rate is high, and indeed it will come back in many cases, but everyone knows that due to the complexity of foreign exchange transactions, as long as there is an accident, all our previous profits will return to zero, and even our principal will be wiped out.
In the real world of foreign exchange trading, successful foreign exchange traders focus on the entry and exit of transactions and position management, while unsuccessful traders spend more time on market research and judgment. Moreover, such a concept is almost ingrained, and many people cannot change it throughout their lives. After the market analysis is finished, we need to think about how much capital we have, where is the most suitable place to enter, where to leave the market with the least risk, how to get out of the market to maximize profits, how big our position is, and whether such a position can bear the current risk? All of these we call technical goals. When we do these things well, the final performance goals will come naturally. But from the beginning, we focus on how much we will make, while ignoring the technical goals. In the end, our ending must be very tragic. .
The last thing I want to say is that as a trader, you should think about the relationship between beliefs, attitudes, and behaviors when you have time, especially your beliefs. Think about whether it is scientific. If you are still swimming in wrong beliefs, You can't get out of it no matter how long it takes, and you'll just get more and more miserable as time goes on.
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