Traders generally think about how to learn a profitable trading system quickly, while ignoring the risks in trading. It is difficult to make money only by seeing the final income, but it is profitable to see the risks in the transaction in the early stage. Therefore, for futures trading, the shortcomings that will appear on every retail investor are summarized as follows:
1: radical
In the transaction, I am eager for success, thinking about how to make money, ignoring the risks in the transaction, and my risk awareness is low. Even if you make a small profit in the early stage, you will give up all your efforts once you encounter a wave of uncontrollable risks. Risk awareness should always be ahead of income in order to survive and make a profit.
2. blindness
Do not understand the market, do not understand the true meaning of the transaction, blindly rely on feelings to make orders. Trading is cruel, and no one can predict the later trend. Only through some experience accumulated in the early stage can we avoid trading risks and gain profits. Traders who rely on luck and feeling will eventually lose confidence in the market and trading.
3. Greed and fear
Greed and fear are the shortcomings of all traders. This is human nature. Although human nature is difficult to change, this shortcoming can be avoided by trading time and trading system. With a good trading system and long-term trading, we can constantly reflect on problems and avoid shortcomings.
The above three points are just the shortcomings that every trader will have. Everyone's shortcomings are different at different trading stages. The shortcoming is not terrible, but I don't know how to correct it. Give full play to strengths and avoid weaknesses, first pay attention to risks and then look at benefits. The road to trading needs continuous learning and improvement, and the biggest opponent in trading is actually yourself!