After Liszt obtained a complete trading system, he strictly carried out trading practice, and after continuously proficiently using his own trading methods, his trading net value curve also rose relatively steadily. The strange thing is that he is not as enthusiastic as he initially imagined, although he is making money slowly.
Ordinary people should become more and more motivated after making money from trading, but Liszt often seems powerless after trading. He gradually realized that if he wanted to trade in the market for a long time, he needed to figure out why.
At first, he thought that he had been staring at the market for too long and had a fatigue reaction, but this fatigue was accompanied by the fact that he no longer wanted to watch the market or trade. Obviously I am making money continuously, but I still have such a strong feeling.
After Liszt's careful analysis and practical verification, he slowly and continuously made money and found that there are the following situations, and he himself will have a completely different mentality:
1. When making continuous profits, I will become more and more timid in my heart, more and more afraid of new opportunities and new signals, and I am afraid that profit taking will lead to a retracement of the net worth curve.
2. When losing money continuously, I am more determined in my heart. I want to find new opportunities, new signals, and do transactions so that the net worth curve has a chance to rise.
3. When trading continuously but with small profits and small losses, the mentality is particularly impatient, and it is easy to get tired, and often looking in the right direction can not make profits. It is easier than at any other time to be less confident and less patient.
According to Liszt's practical summary, he found the biggest obstacle encountered by traders: the market will not get tired, but people will; it is time that really creates value, and people will be consumed by time.
No matter how good the trading strategy is, there will be retracements. To create continuous profits, you need to continuously compound interest, discover and try unlimited opportunities in the market.
However, after a certain period of time in trading, people’s willpower will decline. After various expectations are disappointed, the psychological cost is almost exhausted, which leads to a greatly reduced level of trading in the future, and even trading psychology and technology begin to deform.
Liszt realized the key and seriousness of this matter, and he came up with a simple method to self-observation and self-regulation.
First of all, observe your own trading fatigue cycle. Liszt can only maintain a very good focus for two months per quarter, and always enters a fatigue period in the next month. He established a rule of reducing the frequency of transactions and the size of positions every two months in the next month. Until a new profitable transaction ends this fatigue and then enters a more compact daily trading rhythm.
The second is to observe the actual efficiency of each transaction, that is, to see whether the existing trading rules are fully implemented under the right market conditions, or the transaction is temporarily closed at will. When the execution efficiency of several transactions is very low, you should immediately notice that you start to reduce the position and turn the execution power back to 100%, until several consecutive transactions show high efficiency and then resume the daily trading rhythm.
The last and most important point is to give yourself the worst psychological expectation: think about the loss of this transaction all the time, remind yourself continuously for a long time, think of this immediately when you are tired, and really believe it , Lower the expectation of the market's profit-making effect, such an "accidental" profit will restore a lot of willpower and physical strength.
On the basis that your willpower will not be exhausted by the market with infinite life and energy, and you have a profitable trading strategy, you can truly learn to trade.
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