How to become a top ultra short trader?
  WikiFX 2023-04-19 10:28:34
Description:In order to finally overcome this terrible opponent, you must have a strong fighting spirit, a strong desire for survival, full of self-confidence and determination to win; You have to stay highly focused, attack decisively when the opportunity comes, and

One of the reasons trading is so difficult is that "losses are an integral part of trading," and most people are not comfortable with them. Some people escape losses and cannot resolutely stop losses; Some people are afraid of losses, dare not dare to open positions; Others are so incensed by the loss that they can't stay calm and focus on the trade at hand.


Ultra-short-term traders are generally brave enough to face losses, so they can quickly become real warriors, they have been through a few years of heavy trading baptism, can accept losses, losses as the cost of trading, and can control the cost of trading.


For the very short term traders, trading against the trend will lead to a great loss of accuracy, so they must stick to the trend and continue to go long in the uptrend, but not to find the highest point. Similarly, keep shorting in the downtrend, but don't look for the lowest point. In this way, you have formed a good habit of operating with the trend


However, in order to achieve a certain rate of accuracy, only relying on the trend is far from enough, ultra-short-term traders must also be able to grasp the timing of the position. If the timing is not grasped, even the trend operation may continue to lose money.


Trading is both a science and an art. The scientific side of trading is reflected in the formulation of reasonable trading strategies, resolute stop-loss and operation with the trend. For the grasp of the timing of entering the position, it is more to show the artistic side of the transaction. It requires traders to use insight, foresight, creativity and execution, and to trust their instincts.


Ultra-short-term trading can not only help traders develop a firm stop loss, calmly accept losses, take advantage of the trend, quickly grasp the ability to enter the position, there is also a great benefit: exercise the psychological quality of traders. Ultra-short trading is a bit like boxing, except your opponent is scarier because you can never knock him out, but he can knock you out at any time.


Therefore, in order to finally overcome this terrible opponent, you must have a strong fighting spirit, a strong desire for survival, full of confidence and determination to win; You have to stay highly focused, attack decisively when the opportunity comes, and break quickly when the disadvantage; You have to be very tough, to withstand a series of heavy blows, to be more and more courageous, but also to keep calm; You also need to be flexible and constantly adjust your tactics; Most importantly, you need to maintain a high degree of self-discipline, using strong willpower to resist weakness, fear, greed, anger and impulsiveness, and force yourself to insist on doing the right thing. But none of this is easy.


Only those who have been highly rigorous training and excellent mental quality can do it. Because ultra-short-term trading requires traders to maintain a good mentality at all times, it is like putting people into a melting pot to forge their iron will and exceptional psychological quality.


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