Learning Progressing and Understanding Trading Together on the Path of Transactions

Coin World News Reports:
Combining the recent states and emotional feedback of many people, I have also discovered many issues. Let’s summarize and encourage each other.
Each of us has many weaknesses when it comes to trading, or rather, certain habits that are difficult to avoid due to human nature. The most common one is that before entering a trade, we have a firm view, and then we open the position. However, once we hold onto it, our attention may be focused on the fluctuating profits and losses, particularly on the changes in funds, which constantly cause inner torment and anxiety. As a result, we forget about the trade itself and neglect the initial view. At this point, many people’s intelligence actually becomes low because their attention is focused on gains and losses, which disrupts our rational judgment. However, there are a few people who have experienced and have good experience. They say that the key to trading is having enough patience and determination to wait for the market to evolve, as long as the profits and losses are within their initial plan, avoiding significant losses. In this way, they won’t disrupt the trade by prematurely considering the results, because people always like to jump their thoughts far ahead and think about imaginary outcomes, ignoring the real situation, which is the biggest mistake. Many people want to open a position when they haven’t, regret opening a position once they have, and regret closing a position after they have closed it, repeatedly going in circles. It is essential to determine the profits and losses in the trading system. Positions that disrupt the market and break the mental defense line must be closed. What are stop-loss and take-profit for? Isn’t it to consolidate funds for profit and prevent losses from increasing?
Break traditional thinking because some excellent qualities in traditional thinking are not applicable in the cryptocurrency industry. Recognizing reality is more important than these excellent qualities. Let me explain in detail. Many of us possess excellent qualities in the traditional sense, such as overcoming difficulties, fearlessly competing, fighting to the end, and being persevering. These deeply ingrained qualities exist within us. Because of these qualities, we have achieved success and good results in the traditional sense, and we bring them to the cryptocurrency industry. However, this only makes us more self-centered, defending ourselves, and when faced with reality, we try to resist and oppose it with these excellent qualities, causing personal will to oppose the entire market. In the end, we will only fail more thoroughly. Such resistance will result in significant losses in trading, and I believe many people have experienced it. Anyway, I have experienced it.
Recently, many people have been pursuing perfection, and an extreme world does not tolerate flaws. Why is it that most of the stop-losses I set are around 1000 points, but many people’s losses can reach 1500 or even 2000? It is because it is difficult to execute the stop-loss. Think about whether what I said is correct. Great traders believe that when they make too much profit or too much loss, they are unwilling to stop the losses. If you have won five consecutive trades, would you easily set a stop-loss for the sixth trade? If you have lost two consecutive trades, would you easily set a stop-loss for the third trade? If you have already planned in your mind how many consecutive wins you must achieve and do not allow any losses, do you think you would set a stop-loss? Thinking ahead about future good things means ignoring the real situation. Because the real situation is that in trading, there are ups and downs, stops and starts. Why would there be extremely perfect things? Why would you confront the real market with your pride?
Speaking of which, there are also people in the market who have just started trading for a while and you will hear them say that they are going to quit the market. It is because they are pursuing overnight wealth, instant riches, and attempting to make a huge profit in one trade. This inevitably leads to heavy positions and a mindset of making big profits. But then they find that they have suffered losses in one or two trades and can no longer continue. The essence of trading lies in the long term, not in a single trade. Setting small stop-losses is also very healthy because once you learn, you will not need to set large stop-losses.
When the market has no major fluctuations, let’s summarize the market’s state and analyze everyone’s emotions at each time period. Talking too much about many things can be tedious, but if we don’t talk about them, it will inevitably lead to many chain reactions. Why do retail investors always lose money? How many retail investors can make money? In the entire financial investment market, it is important to understand the source. If you think about why retail investors lose money, then you will understand, right?
If we have faults, we should correct them, and if we lack something, we should strive to improve. Let’s learn together, progress together, and understand trading together.