What cognitive biases do we have to overcome?
Fund management has always been a headache for me. May I ask you guys, how can I do a good job of position control?
In trading, should you take your intuition into account in addition to the rules?
[Image]Sometimes when operating according to one's own trading system and rules, a feeling suddenly emerges, such as the condition for opening a position, but this time it is different from the past and feels uneasy. If you believe in your intuition, this is called inconsistency between knowledge and action, and you will condemn yourself intellectually, but after trading for so long, is such a sixth sense really illogical?Some people should think that it is because of the greed and fear of human nature, which cannot be completely overcome, but most people still need to continue to practice on this point. In addition, I would like to ask everyone, how do you view and deal with your own intuition in trading? Or, are some people who have fully achieved the unity of knowledge and action, and no longer have this feeling?
"What's your morning routine like?
My morning routine is really important to me. I feel much calmer when I follow it compared to just waking up and going straight to work.Here's what I do:- From 7 to 7:30 AM, I wake up, tidy up my place a bit.- At 8 AM, I take a shower and get ready.- Around 8:15 AM, I read my positive affirmations and gratitude list.- Then, at 8:30 AM, I check the stock market and make a plan for the day.- At 9 AM, I meditate for 10-20 minutes.- By 9:30 AM, I start trading.How about your morning routine?"
In the face of sudden black swans, how should we deal with the risks in transactions?
There are many sudden changes in the foreign exchange market that will make people unprepared. For example, when I was facing a black swan before, I still wanted to carry the order and did not want to stop the loss, but there are many risks, such as the risk of jumping high and low overnight. Excuse me How is everyone coping?