TigerWit · Tiger Forex: How Traders Spend Their Da
  Source:TigerWit 2023-02-14 15:16:31
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actually


For traders, the toughest times are only two:


The accumulation of irrational emotions and behaviors that do not know when they are doing blocks the correct understanding of trading; After knowing what to do, being constrained by external factors leads to extreme discomfort.


01Let's start with the first point:


Can you ask some mature traders how they feel about their original selves? Many people are likely to answer: very naive and irrational. But this is the necessary path for people, isn't it?


For example, why are you currently struggling with trading and unable to eat or sleep at night? The outcome of the transaction is clearly predictable, not that you can know how much money you can make before opening the position,


It means that you can know the best and worst outcome of this transaction before opening the position.


Since you have a psychological expectation for the worst-case outcome, why do you still feel extremely difficult?


Either, you have no control over your trading behavior and are reckless; Either you didn't recognize it clearly


My own real


Affordability, these decisions that make you feel difficult and painful, may only be the result of a decision made a day or even a few minutes ago. So fragile, it makes you fall into difficulties, so can this path still go on? Obviously not.


Perhaps some people may attribute the worst-case scenario to trading strategy issues, but as you can see from all the above, there is no mention of trading strategy. You may wonder, even at the toughest moment, isn't it necessary to move forward with a trading strategy?


But many veteran traders will tell you that trading behavior during difficult or confused times has no strategy to speak of.


The reason for this is simply that your trading behavior exceeds your tolerance, or that you think your stress level is too high. Ultimately, it is a matter of mindset. In an interview I read before, the real champion Kong Lingyi said the following sentence:


Trading failures occur almost every day, and there may be many objective reasons for them, but subjective factors must come from oneself.


There are indeed various difficulties encountered in trading, but these difficulties should be predictable, have a bottom line, and can be tolerated.


If you can't bear the pressure, then keep your risk expectations high. If the worst-case scenario occurs, then accept this fact and don't complain.


02To come to the second point:


There are many traders in the market who never think of modifying their strategies when their strategies are running well or when they are still profitable after a few days of trading.


Once the strategy has been running poorly for a period of time, or the transaction has become unprofitable, one will be extremely serious in finding problems, reasons, and methods, just like a student who went astray and courageously forward in school, but often did not make the same rapid progress as in their student years.


However, at this time, you are often surrounded by negative emotions that seem like a fog, making you short-sighted, unable to see problems clearly, and becoming increasingly difficult, creating a vicious cycle.


But as a mature trader, one should approach the problem from a comprehensive perspective, leave a bottom line for oneself, and always maintain thinking and correction of the transaction. The purpose of doing so is not entirely to make money, but rather to maintain a sense of crisis at all times and reduce the probability of oneself falling into difficult situations.


When you have a stable mindset and can manage larger funds, the most difficult thing during this period is being constrained by external factors.


There are many real market competitions for futures and stocks in our country, including scattered account groups and professional groups. What are the benefits of being in the top few?


Firstly, a large amount of funds will come to you, and they eagerly hope that you can help them with their trading; Secondly, futures companies may meticulously introduce customers to you; In the end, the organization will show you how eager they are for talent and may even have to look at the thatched cottage.


However, some people have never seen such a large amount of capital capacity, which exceeds their psychological capacity, making it easy for their mentality to collapse. After a period of time, they found that your profits seemed very average, so they questioned you, and futures companies and institutions also gave you a lot of cold shoulder.


This sense of difference can easily destroy a person, but it is only you who are responsible for it.


When you reach a certain height, you have to consider external factors such as sophistication and relationships with superiors. Because you have managed more funds and gained greater power, you must accept the negative effects and constraints of these responsibilities. Otherwise, you ask yourself, can you guarantee to control yourself? Not necessarily.


Wen Yong, who has been struggling in the market for 20 years and is currently the general manager of an investment company, seems to have a deeper understanding. He believes that traders need to communicate more, learn from experts, learn from each other's strengths and weaknesses, and be well-rounded in order to continuously improve.


Because the market is constantly changing, the requirements for the comprehensive quality of traders are also increasing, and the challenges are becoming greater. It is necessary to learn and communicate with excellent traders to continuously improve their trading in order to stay in this market for a long time.


Even if you understand these things, you cannot put yourself from an always correct perspective and view everything except yourself from a higher perspective than others.


You should know that you are just a bit more professional than others, but there is no way to override everything because of this.


As long as you are still in this market, the most difficult time will always be the next time you face difficulties.


What are you going to do?


Knowing what this situation is like and what to do,


Estimate


Can I bear it,