Some people say: One point of trading depends on technology, nine points depends on emotion, what do you think?

Thank you Mr. Hong for the invitation. One point depends on technology, nine points depend on emotion?

The emotion mentioned here should mean the state of mind, right? After all, emotion is not a good word. If you are emotional in a transaction, it is easy to get in the way. It is estimated that you will not be far from a big loss.

If what the subject wants to say is that nine points depend on mentality, then what is the status of mentality in trading? We can get some clues from the mouths of some famous traders. For example, Larry Height was asked what was his most thrilling transaction. Heite replied calmly, "Every transaction is the same to me regardless of profit or loss. , nothing alarming, I can't even recall my biggest profit and loss list.

This answer is too domineering. Many people think that to have such a mentality is really at the level of a fairy in the trading world, and they hope that they can also cultivate such a mentality. Is it really a mentality issue? Why is Heite able to face any transaction so calmly? Behind this seemingly good attitude must be supported by a strong trading logic and trading system, which means that he only sticks to the rules set by himself, As for what you like to do in the market, that is a matter of the market, and has nothing to do with him. If he makes a mistake, he will stop the loss. In his powerful trading technology system, everything can be controlled by risk.

Doesn't it matter if the mentality is in the transaction? I think technology and mentality are actually two stages, they are not in the same dimension. Let me explain it this way, if in the stage of building a trading system, it can be said that technology accounts for 10%, and mentality is useless. Because what you should do at this time is to formulate rules. The three elements of the trading system are entry, exit, and fund management. Each item is an iron-like probability. Is there a mentality here? Even if your mentality is so good that you can become a fairy, it doesn't matter if you have a dime of technology.

In the second stage, when the trading system is built, mentality is important. At this time, it may really be like the subject said that technology accounts for one point, and mentality accounts for nine points, because any trading system has unfavorable periods. Can you persevere, can you not be tempted when others explode and rise, can you firmly believe in the positive expectation transaction that you have earned through hard work when others ridicule you when you are still moving forward system. This is testing your mentality. Why do I have to leave one point for technology? For the time being, you may use technology to optimize your system.

Therefore, technology and mentality are things that should be discussed in different periods. If you are in a different situation, you should position yourself in the period and do what you should do.

Are you satisfied with this answer?

Few people understand that mentality and technology are the same thing, mentality is the internal basis of technology, and technology is the external expression of mentality. Any trading analysis technology in the world is not causal, that is, no technology dares to put forward the conclusion that "because of any phenomenon, the direction of the trend will inevitably appear". The vast majority of analysts and traders can only helplessly admit that the trend is objectively random.

In essence, there is no absolutely objective trend and quotation. Any market in the world is determined by the psychological expectations of traders. When the people who think that the price rises account for the majority or the strength accounts for the majority, the market must rise, and vice versa. fall.

Specific to a single trader, his own subjective will has little influence on the market, so a series of logical processes are produced in his mind to explain the seemingly objective market trend. These logical processes may be learned from others. It is also possible that he summed it up himself. No matter what the logic is, if he can track and explain the market trend more accurately and realize profits, his psychology will be stronger and firmer, that is, he will have a good attitude. If this theory is prone to mistakes and irregular, His mentality will inevitably collapse, and he will even fall into the dead end of placing heavy orders at will.

When a trader's confidence in a certain technical means is too strong, he will inevitably die on it. There is no fixed market, nor fixed technical means, only to keep a clear mind at any time and the courage to change. In order to be undefeated, you will succeed in the end.

Technology is one thing, human greed and fear are another.

People have emotions all the time, and emotional fluctuations will affect our rational judgment. At times of extreme greed and fear, emotions can completely destroy our rationality.

It's useless for you to rationally analyze something after it happened. For example, if a beautiful woman is completely naked, wrapping herself around you in a sexy dancing pose, rubbing her skin against your jj, do you think you can handle it? ? ! ! Except for Gay and impotence

, we can only fight against mood swings by controlling risks. For example, although I can't control having sex with this naked beauty in front of me, I find someone to help me out, so that I can escape if my wife leads someone to rape. Instead of suddenly standing up and saying to her: "I'm sorry, lady, I'm married, I can't have an inappropriate relationship with you, please pass on the clothes...

" people!

Half and half. Good technology, bad mentality, hard to make money, the best way to deal with it is that you do small mid-line, do trend trading, uninstall your MT4 from your mobile phone, hang up stop-profit and stop-loss, and go out to drink tea, so as to ensure that you will not hold orders mentality risk. Also uninstall all foreign exchange related communication software, don’t be influenced by outside voices to your own judgment, trade to be loyal to yourself, loyal to the market, loyal to the system, lonely and free

I personally understand that the emotion you mentioned should be a trading mentality.

Actually, I don't think this sentence is completely correct. The proportion of trading technology and mentality should not be one size fits all. Personally, I think it depends on what stage you are currently in.

If a trader is in a comprehensive study, he should focus on learning technical analysis and related knowledge (including fundamentals). If traders are in the process of applying technical analysis (provided that they are fully understood and can be used throughout), they should pay attention to the control of trading mentality.

Technical analysis and trading mentality complement each other. When you have a thorough understanding of technical analysis, in the actual trading process, the trading mentality will naturally keep up with your pace. If you only pay attention to trading mentality and ignore technical analysis, you are no different from a gambler. The former may grow into a qualified trader, while the latter is nothing more than a gambler with a better mentality.

Isn't that the world of EA, I think there is still execution power to account for 20%

greed and fear

Mentality can indeed affect trading results. Sometimes what I see is actually right. I am right no matter what I do in the simulation, but I will lose money if I do the firm offer. The trend is the same, the method is the same. That loss must be a problem with your mentality. There is also a part of luck.

Doing business cannot be measured by illusory things.

Trading requires the establishment of achievable goals, specific daily investment, trading discipline, trading manuals, and group company. This is to make money, is it just a joke!

It seems that technology does not have a success rate of more than 70-80%. From my own experience, even if you place an order according to the plan every time, it is impossible to be right every time. Once you stop the loss several times in a row, you want to win and you are afraid of losing. That kind of mentality will immediately make it difficult to implement the original plan for subsequent transactions.

Mentality is the key. I caught a good bottom at first, but the market was unpredictable, and the result was a heavy position, and it exploded when the callback was a little lower than before. It was just a little bit, and the good things turned into bad things. Technically, there is a high probability that it is completely correct, but it is almost accurate, and the mentality is greater than the technology to be correct.

Technology is of course very important. Without a system that you believe can make long-term stable profits, it is impossible to have a good attitude or emotion.

A truly successful trader must have passed both aspects.

Market awareness and self-knowledge. Self-knowledge includes emotions, humanity, patience, etc...

There is certainty in trading. When you recognize the nature of the market and research in the right direction, you can catch these certain trading opportunities. Strictly speaking, stop loss is only prepared for emergencies!

Mentality is indeed very important, but it will not account for such a large proportion. The two complement each other. If you have great skills, your mentality will not be too bad if there are no accidents, but you need to be steady. For a long winning streak, remember to remind yourself not to be arrogant, the loss caused by overconfidence is not worth it, it is recommended to choose a time unit, let’s take an intraday trader as an example, take a week as a unit, record the result once when you make an order, and when the winning rate reaches 70 %, set up a warning line for your own mentality, appropriately reduce transactions or trade cautiously, so as to exercise your self-control that is floating due to overconfidence. As for the technical mountain coaster players, it is recommended to make a trading plan, strictly implement it, and find out the point and timing of your own profit and loss, so as to control the loss.

For traders with average skills but poor mentality, first find out the reason for poor mentality. Is it because they don't believe in themselves or because of their personality? If you are not confident in technology, then review more/observe more/read books and watch other people's live broadcast analysis, and find your own way. Once your trading technology improves, your mentality will gradually change. If it is due to personality, it is recommended to make a personality control table, list your own trading emotions, and then write out solutions. When you encounter such emotions in trading, please refer to the solutions you wrote yourself to make orders.

For traders who are not good at technology or mentality, I can only say that both of them need time to hone. You just have to go a little longer than others, but it doesn’t matter. Everyone has come this way. If you have the conditions, find a teacher. This is a shortcut. If you really can't bear it, it is recommended not to come to this market and stop the loss in time.

It should be reversed that technology accounts for 9 layers of mentality and 1 layer of mentality is nonsense. Can a rocket fly to the sky by mentality?

Guan Yu killed Huaxiong with warm wine, not because Guan Yu had a good mentality, but because he used a sledgehammer to kill a chicken. Isn't it a one-shot kill for Guan Yu with a level 15 Liushen outfit to beat a level 1 Huaxiong with only one pair of shoes. The knife skill of a top chef can cut vegetables with his eyes closed, not because he has a good mentality, but because he has this level of strength. My last 51 stars in Glory of Kings is the same as playing, not because I have a good mentality, but because I can support five with one, all kinds of anti-jungle catches people, suppresses Tanalong and snowballs infinitely. Therefore, if the emotional state of mind is affected, it is entirely because the combat experience is not rich enough, the level of strength is not good, the structure is low, and poor technology is the root cause.

Attitude determines the result

Thankfully, I will have a stable mentality.

To say that the skill is only one point, I think it is too little, and to say that the mentality is only nine points is too high. If only these two factors are considered, half and half. You can't do well if you have technology but no mentality, and you can't do well if you have mentality but no technology.

There is a saying that goes well: Don't blame the theory for being wrong, blame yourself for not doing it. It not only reflects the importance of mentality, but also reflects that technology is its prerequisite, and the two complement each other to achieve success!