The author of the American futures expert "Market Contour Theory", Stemyer, summed up a very incisive formula: trading results = market understanding × (trading strategy + self-knowledge)
In the long run, trading performance is the result of a person's whole or all investment in the market.
Traders invest not only money, energy and time, but also the trader's knowledge level and analytical ability. What's more subtle is that the trader's character interests, philosophical values, artistic accomplishment and religious beliefs will all affect The final transaction results have a decisive impact.
The market is like a mirror, it reflects the naked you, especially everything that is inside you.
All your wrappers and masks are useless, and even the laws are not as fair as the marketplace.
The short-term profit and loss of a speculator has certain chances, but in the long run, the profit and loss of a trader must be driven by some internal mechanism.
Everyone's capital curve is a trend chart. From this perspective, what we actually do is our own transaction.
01. In the process of trading, the operation of intelligence and will
Before establishing a position, most people can remain relatively objective, but it is impossible to be absolutely objective. However, we often cannot maintain relative objectivity after establishing a position, and most people are absolutely subjective.
Intelligence bought by desire cannot be trusted. On the contrary, the intention is to manipulate the thinking, and the intention is to seek the support of the mind to support one's wrong decision, and to seek rationalization.
At this time, the brain thinking works on such a premise that it rejects any contrary views, and turns a blind eye to any signs and signals that are not conducive to one's position. At this time, the thinking is tendentious because it is colored by desire.
It is precisely because of this that pre-trade planning and strategy are crucial. Once in the market, head thinking becomes unreliable and completely untrustworthy.
There is also this tendency of the mind that you put off what you should do but you don't want to do. This is a trick of desire.
This is why the stop loss has been repeatedly postponed.
This phenomenon often occurs in the transaction process. We have carried out detailed analysis and reasoning on this transaction in advance, and formulated a thorough and feasible strategy, but it has become completely unrecognizable when it is actually implemented in the transaction process.
All our theories, analyzes, strategies, the rational part belongs only to the conscious mind, but this part is fragile. Instead of the rational part, the will part is very powerful, it has its own wills and dislikes, likes and dislikes.
The rational mind can only suggest, the power to make decisions and the ability to act belongs to the irrational part.
In most cases, the irrational part of the person, the impulsive part, cannot restrain itself. It often does not act according to intellectual right or wrong, factual right or wrong, but according to its own nature and preferences.
Therefore, unconscious impulse has great destructive power to the final result of trading activities. Whoever dominates will determine the success or failure of our entire speculative career.
02. How to understand and transcend, the unconsciousness inside oneself
Because we are used to suppressing and avoiding our bad emotions, they are always secretly manipulating us, which makes things worse. Because if we are not aware of them, there is no way to prevent them.
A person's unconscious impulse is a habit or habit.
Habits are so powerful that once they are formed they don't need your help to function on their own. Often we are just its slaves, that's why we keep making the same mistakes and can't help ourselves.
Repression and avoidance cannot be transcended, and only through face-to-face contact and thorough understanding can they be transcended.
One has to work hard to penetrate one's unconscious, constant beating and practice is required, and mere intellectual understanding will not help much.
Always remember: I am the cause of everything that happens to me.
People always make excuses outside, and once something goes wrong, we usually have to protect ourselves first.
The ego will doubt everything except himself. In fact, our ego is the most suspicious. So a person must first become real, which is the first condition for success in the trading market.
It is difficult for a fake person to survive in the market, because he is not used to face the truth, he will deceive himself.
03. Some trading ideas worth recommending
Don't be attracted by the short-term signs of the disk unless the market sends a clear entry signal.
Sometimes the short-term fluctuations in the market are very tempting, and we rush in desperately. The worst way to trade is to frequently enter and exit with heavy positions or even full positions.
It was a total loss of self-control, almost the behavior of a madman.
1. Quality in action depends on quality in inactivity
If you are well prepared, you will not rush, and you will get things done just right.
Stick to betting on the trades that are most likely to succeed. Frequent transactions will inevitably lead to a decline in the overall transaction quality, because there are too many clues in the mind, and the whole thinking must be in chaos.
There is a cycle of ups and downs in human body, psychology, emotion, and intelligence. Their cycles are 23 days, 28 days, and 33 days respectively.
It is best to avoid the market when your body and mind are at a low ebb and your mind is in chaos.
2. Bad trades not only bring losses in themselves, but also prevent timely entry into the market when real opportunities arise
A trader should maintain a balance between doing and not doing, between trading and resting.
We often cannot keep short positions because we cannot bear the loneliness. In fact, keeping short positions is very healthy. You can maintain a neutral attitude and observe the market objectively and calmly.
Once the real opportunity arises, you can fully enter the market without any delay.
We usually do a lot of transactions that shouldn't be done. When the real profit opportunities and opportunities that really belong to you come, you are deeply mired in bad transactions and have no time to take care of them.
This is one of the saddest things about trading.
3. Improve your state of consciousness and reach a higher foothold
Some problems cannot be solved at the same level, because other new problems will be created in the process of solving this problem, so the problem can only be surpassed, but not solved at the level of the problem.
Similarly, some problems in trading cannot be solved at the level of trading, which requires a trader to elevate himself to a height far beyond the market, so that the original problems will be surpassed.
This aspect cannot rely on theoretical study and accumulation of knowledge.
Because theoretical knowledge is external, a dead thing. Wisdom is alive, it is the ability to seek knowledge, it is the subtle and unquantifiable levels of comprehension, insight, sensitivity, and overall perspective.
A trader must not only have the ability to observe market movements, but also have insight into his own psychological dynamics during the trading process, because trading is a two-way interactive process.
When the dynamics of both subject and object are reflected in your consciousness, this awareness is true wisdom.
Inner improvement is a long-term and gradual process.
When we raise our footing, we will have a holistic perspective, will see the whole thing with a detached state of mind.
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