Hello everyone, I am the eye of the foreign exchange market. Today we will talk about a sentence that I have been emphasizing. How should we understand every transaction with a zero mentality?
Familiar old friends may have heard me say this many times. So how do we actually do it in the trading market?
No one is a god in the trading market, and everyone will make mistakes. It is impossible for us to succeed in every transaction. To sum up experience after every success, and to sum up experience after every failure. Don't be arrogant in victory, not discouraged in defeat. Minimize mistakes as much as possible, which is the mentality often mentioned in people's trading.
First, every trader will have his own trading system, which is what people often say, all roads lead to Rome. First of all, you want to test whether your trading system is feasible? How to be sure? Personally, I think we should look at the profit-loss ratio first, and then the winning percentage. If it's double matched then it's indeed doable. All that's left is to implement it, and no matter who you hear advice from, you can't hinder the implementation of your trading system. In fact, many traders are most likely to receive external interference. Although their own system is feasible, they do not firmly believe in their own point of view. After the market comes out, they feel regretful. Over time, the whole person will become less confident, and even feel that the whole market is aimed at you.
What I just mentioned are people who have their own trading system, so let’s talk about what to do if you don’t have your own trading system, or if you have just entered this market. First of all, you have to think about why you choose to do currency investment? What is the purpose of your currency investment? Do you make a plan for yourself before every transaction (including how much you can lose at most in this transaction, how much profit you can earn, and what is the general direction of your prediction for the market today? What do you want to do? A trading cycle at the level, whether your execution is strong enough, etc.) So many people have been saying that I always lose money and so on. In fact, everyone loses money at times, but you didn’t do it yourself in advance. Prepare, it may also lead to more losses for a while, of course, this is also related to fund management, and how to build your own trading system, I will write a special article about my method in a later article.
Second, in the currency market, we do not have a specific enemy. All participants are the same as you. All those who want to make a profit only think of making money. Don't think about where your money comes from. Buffett makes so much money (those who lose money should be jealous of him, right?), but the fact is that instead of treating him as an enemy, people put him on the altar and worship him as a god.
In the market, your enemies do exist, that is greed and fear, and there is always a devil living in your heart. Greed makes people lost, fear makes people cringe. As long as these two enemies can be overcome, every month in the trading career will be a harvest season, and there will be no more winters and no snowstorms. Because of greed. Traders don't know what to do, and blindly chase ups and downs; because of greed, traders often don't give up until they reach their goals; because of greed, traders are afraid of missing trading opportunities, and can't stop killing people in a hurry before the actual arrival; because of greed, traders Going all-or-nothing often...these are things a trader wants to avoid as much as possible. Trading is a rigorous science (although its skills have artistic components, but that does not hinder its scientific nature), he has strict trading disciplines to abide by, that is, he must abide by the law of large numbers at all times, and must be aware of the market at all times. Remain in awe instead of praying to God to bless you with good fortune. In trading, the market is God, and you must keep up with the market at all times rather than against it.
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