A trader friend summed it up like this:

There is a saying that sounds very illusory, "Doing business is doing life", but this sentence is really true, even universally applicable.

In recent years, professional traders have paid more and more attention to cultivating their outlook on life and values. Because the transaction itself is nothing but "placing an order to close the position."

What really affects whether I can make money in the market is not technology, nor the simple words "mentality" and "execution". But whether you do well, whether you are sincere, honest, keep your promise, be grateful and so on. I have never seen a trader who can make a beautiful capital curve by using words such as cheating, gambling, getting rich overnight and being blocked. Excellent traders, I think they all have these qualities:

Integrity. Learn to invest, learn to be a man first, and your attitude towards life will be truly reflected in your investment activities and form your investment philosophy. People are most afraid of hypocrisy and deception. If you cheat others in life, you will cheat yourself in the market. Honesty is the golden key to success. ?

Peace of mind. There is a saying in Buddhism: coma is born of consciousness, and consciousness is born of freedom, life or not. It means that a peaceful person can realize everything in the world, and consciousness can produce wisdom. Thus, peace and simplicity are the foundation of success. ?

Perseverance. Difficulties and setbacks in futures spot investment are inevitable, but excellent traders always know how to stick to their trading system and never give up because of one or two setbacks. Because they know that the final winner is not the smartest person, but those who can face themselves bravely despite numerous setbacks. ?

Know how to wait. The futures spot market seems to have many opportunities, but in fact only a few opportunities are worth investing in. The so-called opportunities are mostly "traps". We should calmly wait for the investment opportunities that can be grasped for us. ?

Know how to give up. One of the reasons why a failed trader fails is that he wants to seize every opportunity in the market, while a successful trader only needs to seize one or two opportunities. Some people say that people who understand know how to give up, sincere people know how to sacrifice, and happy people know how to be detached. This is the true meaning of life and the true words of investment. No matter in life or in career, successful people are those who are open-minded and know how to be detached.

This is the voice of a trader's friend. But I want to add a few points:

1. Don't be too utilitarian when trading. When trading becomes a part of your life, life will give you what you want.

Generally speaking, you can be a person with excellent moral character, and an excellent trader is no exception.

3. If you want to be a top player like Livermore, besides those qualities you must have, you have to go through a lot of attempts in the market to get what you want. Although, it is very likely that you can't become Livermore no matter how hard you try.

I hope I can help you.