What is trading? Many people have different opinions when discussing this issue. Some believe it is about making continuous small losses to test and capture major market trends; some believe it is about aligning as much as possible with the future's objectivity; some consider it a form of hunting, the most primitive and basic thing... And to do well in trading, the following points can be reflected upon before placing an order!

Discipline is more important than judgment

Becoming an outstanding trader requires learning many skills. But in addition to knowing how to do it, traders also need to be disciplined enough to do the right thing. There are countless factors that may affect whether a trader will make money or lose money. Every trader knows that they should take losses at random, not trade too frequently, formulate a risk management plan, and should make detailed preparations in advance.

However, without strict discipline, it is impossible to combine all of this to become an outstanding trader. Only discipline can ensure that all plans are executed. Therefore, discipline may be the most needed tool for traders.

Patience is a virtue

Patience means waiting for technical indicators to give signals, or entering the market after the price touches the trend line. It also means waiting for the price to break out and then fall back to test before entering the market. It also means that you will not chase the price because you are worried about missing opportunities. It also means that you will not trade because you are bored or looking for excitement. You must be able to calm down and do nothing, waiting for the right opportunity to appear, even if you do not trade all day.

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Outstanding traders can strictly adhere to discipline and wait for the market to slowly present opportunities. Because they know that if the trading performance is not ideal, it is better not to trade. It is indeed difficult to watch the market develop in the direction you expected without participating, but an outstanding trader must do this. Traders who strictly adhere to discipline will wait for the price trend to return to the main trend direction, because this is the right opportunity to enter the market. As long as traders learn how to wait for high-win opportunities to appear, the performance will naturally improve significantly.

Do not discuss with others

Do not discuss the market with others, as different personalities and methods will not lead to consistent results. Even if you both trade in the same direction at the same time, the concepts and exits will also be different. When everything is in your technical method, do not waste time discussing the market with others. Do not think that being diligent can achieve success, nor do you think that others can find what you have not found. When your technology is mature, you will not be disturbed by others' analysis, but there is no need to waste time. If your technology is immature, it is easy to be disturbed, and often the wrong decisions are made after listening to others' words.Empty Warehouse

Most of the time in the market is not worth trading (or not worth heavy position trading). Do not be busy at this time, you need to endure loneliness. Rest is also a kind of investment strategy, and in the horizontal adjustment of the market, rest is the best investment strategy. Only by first closing the original short position and returning to the neutral state of no position can you see the market situation clearly.

Control emotions

Successful traders generally know how to control their emotions. They have enough self-discipline and will not beat their chests and feet, will not complain about the world, and will not show off their success. For losses, they will bear the responsibility themselves and will not blame others. People with irritable personalities are prone to anger and feel that the market is always against them. Obviously, this is not one of the conditions for success. Emotions cannot solve any problems and will make you look very silly. In addition to anger and showing off, there are many emotions that traders should avoid, such as greed, timidity, expectation, revenge, overconfidence, etc.

Fund management

Investment should first ensure the safety of capital, and take as little limited risk as possible before making a profit. After making a profit, use the profit to bear the risk. Formulate a fund management plan: the first goal is long-term survival ability; the second goal is the stable growth of capital; the third goal is high-level profit.

Professional masters absolutely do not envy others' accidental gains, they are more disgusted with their own accidental success. The most important value of their existence is to rely on their superb technical skills to continuously, stably, and long-term obtain their own profits from the market. Any accidental or temporary success is meaningless to them.