Never say, "I know what the market will do." No, you don't know, and no one knows. You should think, "No matter how the market changes today, I know what I should do." Pre-design the reaction behavior for every possible situation. This is your absolute freedom and guarantee. As long as the whole set of "if" is in these scenarios, "if" refers to market behavior, and "then" is your response. You can't control how the market develops, but you can control and adjust your reaction.
Decide what you want to trade. If it's a trend, follow suit. If it is an interval, then operate against the trend. When the trend goes up, buy high and sell high, and when the trend goes down, sell low and make up low. In the range, buy low and sell high. If you want to reverse the trend, don't rely on price data. Never buy because the price is cheap enough, and never sell short because the price is expensive enough. You need a clear basis.
Define your signal. According to the signal reflected by your system, it is the only valid reason for you to execute the transaction. The rest is emotions. Never let emotions interfere with your choice of operation. Don't hesitate to open a position when your trading system sends an entry signal. When your trading system sends a sell signal, close the position in time. If you have questions about your trading system, do a simulation test on paper first. If your trading system is still in the process of testing, don't actually trade.
Build positive confidence in trading. Be sure to understand the relationship between gains and losses involved in the transaction. An ambitious trading strategy can maximize your profit when you make the right decision, but it can also reduce the number of times you make the right decision. The opposite strategy will increase your chances of being right, but it will reduce the potential profit of each transaction.
Stay elastic. Modify your trading system according to market changes. Adjust your ambition and choose the appropriate trading structure according to the current market situation. Check your actions at any time to see if they meet the current market conditions.
Define what a loser is. Losers think they are smarter than the market. Losers think they can find all the eucalyptus trees. Losers believe that there must be some secret system and instruction in the market. Losers think they can avoid losses. Losers don't use stop loss because they think they are right after all. Write down the characteristics of these losers and always review yourself to see if there are any similar characteristics. Don't make yourself a failure.
Define the way of thinking of winners. Write down the characteristics of all successful traders, read frequently and measure the distance between you and them. Use this contrast to find your own weaknesses and analyze how to improve them. Be absolutely honest with yourself. Anything you don't review yourself, the market will eventually remind you, and this reminder will not be a good experience.
Treading on thin ice is the correct trading attitude
No matter what setbacks you encounter in the market, it is not its fault. This is not the fault of any market maker or professional. Or a mysterious behind-the-scenes manipulator or an evil bear. It will always be your fault. You make a decision and then carry it out. Do you choose to participate or not? Please take full responsibility. Be yourself. Don't complain or explain. Responsibility can bring control. Completely control yourself, trading is an absolute test of self-control. At first, you may feel cold and uncomfortable, and feel that you live alone in the fortress. Finally, when you gain an advantage and feel the feeling of reaching the top, all this will pay off. Complete control of one's behavior and absolute self-control are the rewards of all efforts. In short, try to be the master of your own universe.
Learn to laugh at yourself. Don't be too hard on yourself. You don't have to prove anything to others. You might as well be the first person to laugh at your mistakes. Don't try to be perfect, excellent performance is good enough.