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Which is more important, mentality or technique?
This depends on the growth process of a trader.
At first, when everyone was a blank slate, technology was the first consideration. Not to mention the rich and willful people. Those who have the pursuit of trading must learn technology. From the moving average and macd that caught the eye at the very beginning, it is useful to find various trading indicators from the Internet. Then read various masterpieces, "Forex Speculation from 0", "Gold Speculation from 0" hahaha, etc., how to draw trend lines, how to draw shock intervals, judgment of pressure and resistance positions, how to count waves , how to divide type, pen, line segment, center, golden section, Gann, I have seen some powerful people put the orbit of Venus on the desktop, wow, I didn’t know how shocked and admired I was at that time. Wait, wait, read a book and use it for market verification, give up when you are frustrated, and then look for another technology. This process can be as short as one or two years, and as long as it is, there is no limit.
Later, I started to combine these techniques, put an indicator, a trend line, and then draw some wave patterns, or draw a golden section. When I combined them, I found that these techniques were written by the same masters, and some of them sometimes work well, sometimes not. At this time, people began to be confused. Could it be that they have learned so many technologies, or have they not fully grasped the market? Sometimes I even want to give up technical analysis and turn to the embrace of fundamental analysis. I dare not say that fundamental analysis is not good here, but fundamentals are always the second choice compared to non-scientific friends.
At this point, in fact, many people have at least been able to achieve long-term existence of trading accounts. And the account from time to time has been in a state of steady growth for several months. This is also a watershed. Because some technical analysis has almost been learned, and some master-level figures can also create their own set of theories.
But there are always some quotes that are beyond what you have learned and what you are good at. At this time, since the market has no way to fully understand, after all, the future is always unpredictable, we can only turn to understand ourselves. Mindset is a part of knowing yourself, a part of controlling yourself. This is why at a certain stage, masters no longer talk about specific market conditions, nor do they talk about profits and losses. Because I turned to internal cultivation, to cultivate my own xinxing. When you talk to him, he is always too lazy to practice and is unwilling to say more. If you want to talk about it, you can only talk about things that seem illusory and ethereal, such as the highest goodness like water, the impermanence of life, and Amitabha Buddha. Instead, your head was sweating anxiously: "Garbage, clean up some useless things."
So what is the importance of mentality and technology?
Equally important, without technical support, the transaction is so bad that the sage will inevitably have such a short-term gaffe. Without self-knowledge and a good attitude, there will always be so many times lost in the hard pursuit and endless K-line.
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Last updated: 08/14/2023 17:37
Regarding the important issue of trading mentality and technology, in fact, many traders have been arguing around this issue. Usually, I think that traders with younger trading ages will think that technology is important, while traders with older trading ages will think that trading psychology is important. This question In layman's terms, when I had the opportunity to go to school when I was a child, I didn't study hard. When I came out of society, I regretted that I didn't study hard when I had the opportunity to go to school. This has different feelings in different periods, but this order is very What is difficult to change is that people who have just joined the market will continue to learn trading techniques, and traders with a certain trading age will have a certain level of technology. At this time, he will feel that he needs to strengthen his trading psychology. In order to survive better in this market, trading psychology and technology are equally important, and you have to learn and master trading technology first, and then change your own trading psychology according to your own perception.
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Last updated: 08/01/2023 08:36
Technology is external, mentality is internal. Technology can be learned, but mentality needs to be understood. I have been trading for a long time, and I have basically learned all the technical things. The final test is human greed and fear. Sometimes it's not the technology that's wrong, but greed, the mentality is the devil
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Last updated: 08/02/2023 06:06