In reality, there are only a few things you must learn to succeed, and thousands of behaviors you must learn not to do. Many things traders do are actually wrong, but very few things are right! Traders should always be wary of weaknesses and unthinking reactions that hinder success and invite failure. Therefore, the relationship between traders and the market is a never-ending learning process.

As my trading experience increases, I hope that the tasks will become less complex and more predictable; less anxiety-provoking and more bearable; and most importantly, the profits will be greater. . However, I learned the hard way that things are not always this way. The process of becoming a successful trader is actually endless. All traders may make wrong judgments due to psychological factors. No one can only win but never lose or rarely lose, and no one can win in his trading career. Always go uphill. Futures trading is a step-by-step process, usually moving forward two steps and then going back one step.

Although success in the market is difficult, failure is an even more formidable enemy.

A trader who has a high degree of self-discipline but does not have an effective trading system will rarely succeed unless he is lucky. Although they are self-disciplined, they cannot have truly successful transactions due to the lack of an effective trading system.

A trader establishes, discovers or buys an effective trading system, but lacks the crucial element of self-discipline. In this case, the effectiveness of the trading system will be partially or completely inhibited, and the trader will find that no matter how promising his or her trading system seems to be, it will fail due to lack of persistence or self-discipline in its use. destroyed.

Although an effective trading strategy is very important when entering the market, a trader's ultimate failure or success does not depend on the trading system in the first place. On the contrary, a trader's success or failure mainly depends on his personal psychological quality, that is, whether he has the ability to follow a certain trading plan or system in a controlled, consistent and unremitting manner, and whether he has self-control and self-confidence. . These important factors can either promote the success of a certain trading system or lead to its failure.

Many traders still do not stop after their losses exceed their pre-set stop loss points. Even though they have made the same mistakes for many years, traders still make the same mistakes again and again. They continue to make mistakes, knowing they are wrong but unable to change.

Traders still lose money, and they still make the same mistakes.