A common cognitive error among traders is to determine whether a trading decision is right or wrong based on whether the final result of the trade is profitable or not.

In fact, a good trade, that is, a trade with the right decision, can also lose money; and a bad trade, that is, a trade with the wrong decision, can also make money.

In a losing trade, the trading decision may be correct, and the trader must accept that the correct decision must be upheld. Because a losing trade, if its trading decisions are correct and it follows a profitable trading strategy, then the trade is a loss, but it is still a good trade for you. Because according to the decision of the trade, repeated operations, in the long-term average result, you will eventually be profitable. After all, for a single transaction, is profit is loss, risk-return ratio is how much, traders can not predict the result in advance, itself any transaction has uncertainty. On the contrary, a profitable trade, its trading decisions may be wrong, you may just get lucky to earn profits, make money confused, over the long term, can think of it, and eventually may be lost in the wrong trading strategy. Even if we achieve short-term success in investment, we must distinguish between luck and strength, because the success brought by luck is not replicable, and the success brought by strength can be replicated.

So the most important thing about good trading is that it is executed under a good trading strategy. And a set of well-designed trading strategy must make corresponding and clear provisions for each relevant link of investment decision. And this provision must be objective, unique, can be repeated without discrimination, a set of well-designed trading strategy, must be in line with the investor's own psychological characteristics and the risk characteristics of the investment capital.

So how to gradually build their own trading strategy system? In fact, a complete set of trading strategy is gradually developed and trained gradually, from the opening rules, stop loss strategy, fund management strategy, increase strategy, market selection and other steps between the whole process is a dynamic process, continuous optimization process. Each opening rule has its corresponding stop loss strategy, fund management strategy, additional position strategy, and market selection, and any change in the value of this value will have a greater impact on the returns and risks of the entire system. But here are three ways to start:

1. Start with core trading skills training

Learn basic opening techniques. For traders, this means that investors need to have a basic knowledge of economic and currency correlations, identify trends and chart patterns, and know the ins and outs of risk management.

There are no shortcuts when it comes to basic learning! You have to practice until you can do it when you dream. The basics may seem like a lot of stuff, but these basic skills are a must. Once you have a solid foundation, then you can be more creative in your trading methods.

2. Test your skills

The best way to find out if you have good trading habits is to test your trading methods in a real trading environment. For beginners in trading, you can first set up a trading system using a demo account to identify opportunities and place orders. Test the system under varying market conditions and record the results in a trading log to determine which trading styles and habits are right for you.

Once you have established a trading system that works for you, you can start small trading in a solid trading account. Adjust to your emotional ups and downs in real trading until you can execute your trading strategy under different trading conditions.

3. Establish a transaction feedback system

You won't know how good or bad your trade will be until the results prove it. If you can't measure results, you can't manage and improve transactions, which requires deliberate practice on your part. Deliberate practice, or actively dissecting, reviewing, and adapting your trading methods, can greatly speed up your learning.