How to improve trading mentality?

There is a jargon in trading that in the later stage of trading, three points depend on technology, and seven points depend on mentality. Therefore, it is really important for us to control our mentality in the end of the transaction. Rather than improving it, it is better to talk about how to correctly train the trading psychology.

I can give you some reference suggestions based on my practice

When doing transactions in the early days, I tried the trading system. At that time, when verifying the system, half of the real position and half of the simulated position (lack of funds) were mostly used. The reason for this is that when some new trading techniques need to be verified, the real position is often If you can't hold it, or if you don't meet your psychological expectations, you will be out in advance. The purpose of using the simulation board as a verification is to prevent this kind of psychological quality from being unqualified. Through such training in the early stage, not only the trading skills have been improved, but the psychological quality has also improved a lot.

In the mid-term, when there is a large profit or floating loss in the account, there will be two me fighting in my head, whether to be out or continue to hold. This time is a test of mentality. My initial approach is to constantly Reasoning about what may happen in the future, but there will be a problem in this way. When you lose money, your thinking will be tilted in a good direction and you will die. When you make a profit, you will try to think about it. After experiencing it many times, I found that such reasoning is not scientific and not rigorous at all. Later, it will be changed to cut off half of the position, leaving half to give myself a chance, the stop loss will be pulled, and the profit will be a small surprise for myself.

After the above-mentioned early and mid-term trading experience, the trading level of the whole person has also improved a lot. Now when facing confusion and suffering, basically follow the reasonable order opening position, set the stop profit and loss, and try not to intervene as much as possible.

The conclusion from my practice is that the adjustment of trading psychology cannot be corrected in a short time. This needs to be accumulated with the accumulation of trading experience. After you are willing to work hard to overcome the difficulties of trading, you must have more and more confidence in your own trading. In the process of overcoming some psychology, you will become more decisive with your trading confidence, and your trading psychology will naturally be improved.

Finally, I also wish everyone to get out of the trading difficulties as soon as possible and embrace wealth together.

​Trading psychology needs training

Thank you. Many people think that mentality is nothing more than how I think. I regard money as dung. In fact, emotion and state of mind are a physiological phenomenon, and the subconscious response made by the autonomic nerves of the human body to external stimuli is beyond the control of human beings. You can’t be happy if you want to be happy, and painful if you want to be painful. When you are caught in a certain emotion, such as fear and greed, it is impossible for you to stop this emotion. Since psychology and emotions are physiological responses, they can be trained, just like us ordinary people will be very painful when they are hit with a stick, but martial artists will not have any problems if they discount the stick, they are all trained. ​Like any other skill, trading psychology training is also a systematic process, and it also follows the process from simple to complex, from shallow to deep.

Starting Points and Goals of Trading Psychology Training​

​The starting point of trading psychological training is the psychological change process of novices in trading, which is roughly "desire to get rich-sudden profit-flirtatious-impulsive trading-depressed by losses-depressed after losses-explosion remorse-resilience and re-opening-explosion again Depression again - hopelessness after many repetitions" . This is a process of "self-denial", and in the end, just like the current state of the subject, he despairs of trading. The goal of trading mental training is the mental state of trading masters. It is very simple, there are only three, "self-confidence-self-discipline-self-improvement" , because trading masters know their own trading system and the status quo of market changes, and they are very clear about what they should do at the moment. What to do, so confident, once you enter the market, there will be a series of standardized operations, you should increase the position, change the stop loss and stop loss, what to do, so self-discipline, because the profit and loss orders are in line with your own system plan, more It has strengthened the confidence in trading, so we continue to improve ourselves. This is a process of continuous "self-affirmation". No matter how rough the trading market is, I will walk in the garden by myself.

How to conduct trading psychology training?

​First, make a change. As mentioned earlier, the mental state is nothing but the physiological response of the human body to external stimuli. Your current depression and despair are the result of your past frustration and despair in the trading process, so all your previous understanding and actions about trading You have to overthrow it, you have to admit that your past was wrong. The first thing to change a mistake is not to find a reason for the mistake, because you have not yet come out of the wrong state, and the reason you found is also wrong. The first thing you have to do is to see what is right, or you can compare it with a successful transaction Learn from traders, or read books and blogs written by successful traders. Only when you know what is right can you understand where the mistakes are.

Second, plan your transaction (1) Where is your bottom line for loss? ​​What is the biggest loss you Whether it is one hundred thousand or one million, this is your learning cost. You have to keep telling yourself that you must learn to trade first, and you have to pay tuition for learning. How much money you are prepared to lose in trading is how much tuition you are prepared to teach. This will at least make you cautious, every loss must bring you a little improvement in trading skills, otherwise why don't you just donate the money to the orphanage? Under normal circumstances, before your bottom line is lost, you should learn to trade and start to break even or even continue to make profits. If you really lose money and don’t know why, it means that you are really not suitable for trading, so stop here and live the rest of your life well.

Third, plan your transaction (2) Where is your profit target? ​​Give up the fantasy of getting rich overnight, foreign exchange trading can bring returns that can be called huge profits compared to any other industry, but the three-month financial freedom you imagined does not exist. You must plan a reasonable profit expectation based on the trading system and trading style you are good at. This profit expectation is used to remind you to stop when you stop. I don't know.

Fourth, focus on your trades. ​​Compared to other industries, the profit-cost ratio of transactions is almost abnormal. It often happens that you make a $200 deposit and earn back $200 within an hour. So the question is, do you think something that can bring such a huge profit will be easier than other industries that do not make much money? To sell fruit, you have to search for high-quality and cheap sources everywhere from dawn to dusk. There is no reason to make a deal and just pat your head on it! When you liquidate your position, think back, how much have you paid for the transaction? How many books have you read? How many notes have you written? How many tests have you done? How many classes have you had? Have you looked at trading as a career? Have you taken your shortcomings and shortcomings seriously? If you don't have these, shouldn't you lose money?

Fifth, reflect on your trades. ​​After reading the last paragraph, some friends are anxious, I am very focused and hardworking, okay? I don't think about food and tea because of the transaction, and I don't regret it when my belt is getting wider. I still lose money, what do you think? Quite simply, you're focusing in the wrong direction. As mentioned above, trading is a career and a profession, but the biggest problem with this profession is that there is no unified and universal law of physics. No trader can learn trading as accurately as learning physics. All kinds of complicated trading analysis theories are self-talking and even conflicting with each other. They have all created a lot of profits for their masters, but they are not suitable for you. You must continue to study and reflect in the midst of the complexity, and finally sort out your own trading theory, and constantly verify and improve it, so that you can achieve constant "self-affirmation" like a trading master.

Sixth, change your worldview. ​​With your continuous in-depth study, although you cannot make stable profits, your worldview will inevitably undergo a qualitative change. The most obvious change is that your world changes from a certain and inevitable world of causality to a possible and statistical probability world. You will change from paying attention to the past to paying attention to the present, and you will also change from various fantasies about the future to The status of various data calculations for the current operation. In short, just like the ancients said, "you know what's wrong in forty-nine years at the age of fifty", you will no longer care about the right and wrong of the past, and your understanding of right and wrong will be different, and you will understand how to make transactions , as long as you do it right now.

Seventh, self-affirmation. ​​Buddhas say that "all methods are harmonious", and any trading philosophy, trading system and trading worldview will not conflict with each other. When you have your own trading philosophy, trading system and trading worldview, you will realize this. One point, anyone’s trading philosophy can work for you, and your own system is also growing and evolving. As the trading results and trading expectations continue to match, you will continue to affirm yourself, and you will enter The ranks of the master trader.

Futures are very different from foreign exchange. The trading cycle is shorter, and it is generally based on intraday, so it is more difficult to make money by technology. I suggest that your trading ideas and money-making ideas should be set according to the characteristics of futures, and find a company with high rebates. The main profit point is the rebates of transactions.

Don't read any futures analysis articles at ordinary times, and focus on the road of ultra-short-term trading rebates to achieve the ultimate. Open the trading software every day and train for an hour in the morning, do 20 transactions, and close the position if you make a profit. No profit is required, only a high winning rate is pursued.

It may be very tiring, and you are constantly watching the market every day. When the road is stable, you can adjust it according to your own situation.

I think your approach is not wrong. The first problem in trading is to control the risk. The problem may be your original intention to view trading. Trading is really not so easy to make money. If there is no profit and no interest, it is more difficult. persist in.

Not everyone is suitable for trading, and if you don't like it, you don't need to force it.

I always feel that something is wrong. Human nature is to seek advantages and avoid disadvantages, and the market is a place of interests. After you come in, the first consideration must be how to make profits, not to avoid risks. I think your reason for placing orders cautiously because of high leverage is wrong. Large leverage positions can be smaller. This is not the original factor. I think you should have lost money because of the position problem before, which caused you to stop taking heavy positions and be cautious. If so, the problem lies with position management. For position management, you can see what I replied to other people's same questions, so I won't say more here. Find the root cause and prescribe the right medicine. If there is no problem with the position, then you are still cautious, it means that it is caused by the imperfection of the trading system. The trading system will give you a line to check, judge the situation, position, signal, position, and execution. Every detail must be resolved, I believe you will get better gradually, ㊗️

Thank you: It is not a bad thing for non-professionals to be cautious and not get real profits. If non-professionals trade boldly, I believe the result should be huge losses or even liquidation. The financial market is a profitable industry, but high yields correspond to high loss rates.

In the financial industry, you can communicate with your peers, but if you pay too much attention to these, you will lose your heart or your own logic. Like many groups, whether it is Penguin’s or other groups, you soak in it every day and chat every day. After a while, you won’t be able to absorb much knowledge. It’s better to find a good teacher or find a few good books to study with all your heart, and then carefully review and analyze whether these methods are feasible, how high is the winning rate and profit-loss ratio, and finally is the small one. Funding transactions. Never underestimate a good teacher. Sometimes it may take months or even years to figure out a problem of your own without the guidance of a knowledgeable person, but if you have a good teacher, you may be able to understand it in a few words.

The main reason for the decline in interest is that the profit did not meet your expectations, but you know that you are a non-professional, so find a way to learn to make yourself a professional. It will come naturally, and you know when you can make money and when you can’t make money. When the profitable market comes, you will seize every correct signal to participate in the profit. When the market is over, you know you should leave the market and go Instead of continuing to trade on the floor. As for listening to music, watching movies or going out to have fun after leaving the venue, it all depends on your own mood. I think when your ability reaches this level and you are able to retract and release freely, you will not be uninterested.

It’s not good to work behind closed doors, but it’s also not feasible to listen to unprofessional friends or group calls. Today I met a little girl who doesn’t know much about technology, but can’t control her random trading. Hearing from friends, the index will fall to 24,000 points , As a result, large funds entered the market to short. Recently, the U.S. market has been rising. Although there are occasional drops, it will rise again immediately. Then her result is that she owes a total of 100,000 credit cards + borrowing, and there are two days to repay Yes, but the monthly income is only more than 2,000. When I took the initiative to add me, when I talked about it, I had no way to help her except to contact the bank to apply for a delay in repayment and ask family and friends to borrow money to repay the repayment. She has no money when she arrives. Repayment and transaction status, still thinking about following the order, thinking about whether there is a way to follow the order, now she realizes that she is incapable, but pins her hopes on others, thinking about finding a good teacher, a good signal source is Can count money stably, but don't know what kind of trading style the signal source is, especially those on the top list, many of them are long-term, or carry losses after entering the market, because he has enough funds to carry them It's been a long time, but can her time afford it, and her funds afford it?

Let’s leave this passage as a summary: You will never make money beyond your cognition, unless you rely on luck; but the money earned by luck will often be lost by strength in the end. This is an inevitable. Every penny you earn is the realization of your understanding of the world; every penny you lose is due to your flawed understanding of the world. The greatest fairness in this world is that when a person's wealth is greater than his own knowledge, this society has 100 ways to harvest you until your knowledge and wealth match.

stop and rest

Take stock of your profit and loss

List if any liabilities

It is easy to adjust the mentality, but it is difficult to stick to the rules. This is the most difficult high-level self-discipline in human nature.

Your leverage should not be too big, and we can achieve a maximum of 1:1000,2000.

I suggest you do hedging

Learn to use FIBO if you want to learn

Most people who do transactions will feel depressed because of losses. How to control losses in transactions, or keep losses within your control, you will find that it is not so difficult to make profits, but some people can't bear the time to wait. If you leave the market with a loss, in many cases, it only takes time for the market to come back again. The mentality is affected by the loss. If you find the root cause, it means that you have not yet had the ability to control the loss! I believe that if you make a profit, your mentality will naturally be better!

The only good medicine -------- cure the loss, control the loss, and control the mentality.

Trading must have a complete system, including technology, mentality, ability to execute stop-profit and stop-loss, position control, fund management, and the most important thing is to have a firm execution ability. In any case, you must have 100% confidence in your own system. trust.

You have been trading by yourself for three years, which proves that your nature is not suitable for trading. If you continue, you will only lose more money. If you still want to make money in this business, I suggest you find a suitable person to follow the order (Documentation is not listening to others calling orders, and then follow suit), so as to achieve the purpose of profit!

Trading mentality is an indispensable basic psychology in trading. If your mentality is unstable, it means that you feel that you have not followed a clear method to place an order. Before trading, you generally have to watch the market for half an hour or after a period of time before starting to make orders. You can improve your system by finding the knowledge that suits you

First of all, thank you for the invitation. In fact, it is not easy for me to answer this question. The experience is different. At the beginning, I experienced the legendary big profit, big loss, liquidation, fear of placing an order, not placing an order, etc. After encountering basically everything that can be encountered, I was silent for nearly two years before I recovered. Yes, the main thing I did in those two years was to return to my life.

High leverage! Is it good or bad? Of course it is good! 10-50 times why few people buy it, naturally high leverage is good. But for those with little money! Your interest in trading is because you trade less. If you calculate and manage your positions well, you will become more confident and meaningful when you trade more! You have been doing it for 3 years, it is a pity if you don’t persist...

The trading psychology is the best only if it suits you. Personally, I think it is a feasible solution to use the thinking of financial management to do foreign exchange. It is not only a small investment of large capital, but also a stable daily income of 5%.

Make more summaries, the most important thing is to do your trading test, the data can tell everything, and it is also a very important part of your trading system

There are two ways, the first one is to continue to learn, thoroughly review what was not done well before to find the problem, try to ask more experienced people, and improve the way of making orders. This is not something that happens overnight. There are many people who have not made a profit for three years. The second is to give up directly, that is, to stop the loss in time. You are not interested in it, so there is no need to force yourself to stay here and continue to lose money.

Thanks for the invitation.

Non-professional, three years in the industry? May I ask who was not brought into the pit by inexplicable reasons? From stocks to foreign exchange, I didn’t even have a springboard for futures, so I went straight to it. I don’t know how much money I lost. You have been in it for three years, and you don’t know what kind of urine you are? If the trading system is not solidified, continue to test and study hard.

It is a good thing to be overly cautious, at least it can guarantee that you can live longer in this foreign exchange market, and it is not easy to not lose money in the early stage.

There are risks in the foreign exchange market, let's do it and cherish it.

I haven’t traded for a long time, so I can only help you invite big guys to answer

Relax..emotion can be up and down for traders..its normal..

For motivation,look back your history trading.find out wat mistake that you did.get the solution on it.

Sometimes market movement can let our trading be so bad.its not about our technical skill..but it market..

Normally in trading.if you got 3-4x loss on trading.dont do any trade..relax.