Add
What logic, common sense, theory or philosophy is your trading system based on?
Any long-term trader will inevitably form his own relatively stable "trading concept". From the beginning of contact with the financial market (stocks, futures, foreign exchange) to the later relatively stable and mature stage, it must also be in line with some of the basic ideas he recognizes. Common sense and theory are related to philosophy. For example, from the perspective of the law of the development of things, things must be reversed when they are extremely extreme. From the perspective of human nature, herd mentality, unconventionalism, breaking the old and creating the new. There are also the law of the jungle and the law of the jungle from the perspective of the natural world. I would like to discuss the establishment of the trading system with you. You can share it and learn from each other.
What conditions are needed to achieve stable profitability?
There are 3 major elements of stable and profitable trading: 1. Stable system 2. Stable execution 3. Stable mentality. The three elements of profitability complement each other and influence each other.A good system guides good execution, good execution brings good results, good results bring good mood, and good mood will in turn promote execution. But having said that, any mature trading system, including the original system, can only solve the first basic element. And stable execution and stable mentality cannot be solved by any system itself. A system is only a method of trading, not the result of trading. To form a profitable state of sustainable operation, not only the system is needed, but also one's own trading quality. Without any one piece, the wheel of profitability cannot move forward.
What books inspired you in your trading journey?
Storytelling, characters, and themes in books may have impacted a person's trading philosophy or strategies. It underscores the idea that inspiration and insights can come from unexpected sourcesand provides a unique perspective on the trader's personal journey.
How do you maintain your concentration while trading?
How do you maintain your concentration while trading? How do you avoid getting bored or experiencing burnout from constantly monitoring the charts, all while staying attentive to your trading activities?In my case, the struggle arises from excessive chart-watching, leading to boredom during quiet market moments or fatigue from over-attentiveness. There are times when the perfect trading setup emerges, but I'm either too tired or not mentally prepared to take action.Do any of you engage in activities like watching TV or listening to music to help? Any advice to share?
What is the essential difference between a good analyst and a good trader?
There is a huge difference between a good analyst and a good trader. Many analysts analyze the market and talk about theories in a clear and logical way, with a high accuracy rate.But once on the battlefield, the real gold and silver were slaughtered in the market, and most of them returned in defeat. The truly powerful masters are consistent in analysis and transaction execution, which is what we often say is the unity of knowledge and action.To become an excellent trader who combines analysis and actual combat, obviously, this goal is not easy. This also confirms the reason why there are so many callers who are quite accurate when you look at them, but you will lose money if you follow them.[Image]Most theorists end up being a one-man, the kind who don't do it themselves.What do you think?
