How to distinguish between "noise" and "signal" in the trading field, and extract truly valuable information?
The financial market is flooded with a lot of information all the time, how can we extract something of real value from this information?
I have been unable to set the stop loss in the transaction, how can I do a good stop loss?
My usual trading system continues to fail, what should I do?
If a trading system built by myself often fails and causes losses, should I abandon this system and replace it with another one? Is there a stable and profitable trading system?
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.
As a "trader", what trading discipline do you have to restrain yourself?