Trading, the game of money. The "other world" war between people. In addition to the contest of wisdom and skills, the fight is calm and calm, and the competition is calm and calm. In this war of beating numbers, a calm and tenacious mentality will allow you to better coordinate the overall situation.
In the transaction, there are no more than three situations: profit, loss, and position. We often say that the mentality is out of balance, where is the imbalance? Why is it out of balance? In fact, the reasons can be found in these three situations.
1. Profit
I believe that everyone has a time when they are killing all directions, and when their condition improves, even they are afraid of themselves. Some people are intoxicated by this feeling, and they will win when they encounter a battle. They think that they are trading elites and the chosen ones, and no one is their own enemy. Suddenly, he was beaten up by the market inexplicably, and it dawned on him that he was not strong enough, but just stood in the wind and flew up.
Neither great joy nor great sorrow is suitable for trading. The great joy in it refers to self-expansion under continuous profit.
Therefore, in the case of continuous profitability, it is also necessary to be alert to the imbalance of mentality. Profit and loss is like a roller coaster ride, with peaks and valleys, which means that whether the present is good or bad, it is only temporary.
>> Empty cup mentality
Think of yourself as an empty cup, reorganize your cognition and abilities at any time, and empty outdated ones, instead of being complacent. Treat yourself "as a human being". No one is perfect, and everyone has their own flaws and relative weaknesses.
You do have a winning streak, but you still don't have anything special. In the trading market, there are many people who make profits. The more expert you are, the more humble you are. Because they know that if they want to make long-term sustainable profits in the uncertain trading market, they need to persevere in absorbing the current, other people's, correct, and excellent things. And these things need to be tempered in the ups and downs of the market trend, ups and downs, before they can be obtained. They know that the so-called profit-making process is a process of taking a few steps forward and then a few steps back, and it is a long-term accumulation process.
Only when the water in the glass is emptied can new water be added. The empty cup mentality is a kind of never-satisfied self-challenge; it is the mentality of forgetting success and knowing oneself.
2. Loss
There are tens of thousands of ways to succeed, but the reasons for failure are always the same. Heavy positions, frequent transactions, anti-orders, etc., all the bad trading habits that we are familiar with and can be called, will always be touched by someone, and they will continue to follow. This has also led to an imbalance in the mentality of many traders.
Such as the fear of trading brought about by continuous losses, and the market countermeasures after losses, etc., it is simply not too much. A variety of reasons lead to a variety of psychological imbalances.
In general, whether it is a loss within the trading plan or an unexpected loss outside the trading plan. As long as it is a continuous or serious loss, it will affect the mentality. Especially unplanned losses, which often cause tons of critical damage to the mentality.
At this time, it is actually necessary to stop trading and adjust your mentality. But how to adjust and how long it takes to adjust, this varies from person to person, and there are various methods. As far as I'm concerned, when Trump took office in November 2016, the deal was smooth sailing. By December, Trump's influence on the financial market had been revealed. Coupled with the Fed's decision, the entire December was a mess. But at the time, I didn't notice that my mentality was out of balance. The loss lasted until mid-January, and it was only when I was afraid of placing an order that I realized it. Later, the transaction was stopped for more than 2 months, and the exchange was slowed down. It can be described as time-consuming and labor-intensive.
In fact, instead of waiting until the mentality is completely out of balance to adjust, it is better to manage the mentality from the beginning of each transaction. Although this cannot completely avoid the above-mentioned situation, it can greatly delay the occurrence of the above-mentioned phenomenon.
>> Return to zero mentality
Zero mentality has this effect. Perhaps you may not have heard of this term. But you may have heard the phrase "don't be influenced by the last transaction", which is really about the zero mentality.
Forget all the transactions completed in the past, and cut the negative impact of losses on yourself; not only to zero the losses within the day, but also to zero the big pits dug for a long time. If you keep thinking about the large losses accumulated over a long period of time, it will be difficult to trade with peace of mind. Once you have the concept of cost and don't return it to zero in time, it's like dancing in shackles. How can you move forward and retreat freely? On the contrary, if you return to zero loss and focus on the implementation of correct behavior, you may gain something unconsciously.
In fact, each transaction exists independently (except for the layout of the medium and long-term), and is randomly distributed inside and outside the probability brought by large numbers. We don't need to regret and underestimate ourselves because of losses.
There will inevitably be successes and failures, prosperity and adversity in transactions. In times of adversity, of course you will lose a lot, but only when you have the courage to "return to zero" when you lose, can you face yourself again, start from scratch, and actively struggle.
As for the method of zeroing, it also varies from person to person. There are those who stabilize the funds at a certain scale, and then withdraw the money when they make money; there are also those who divide the account into several parts, and each transaction is clean and there is no loss. There are many ways to do it, just find what works for you.
3. Holding positions
How many people, after making orders with trepidation, make a profit when they see a small profit, and die when they lose money? Is it very familiar? That's right, profits can't be held, and losses can't be carried. That's it.
They have been worried about whether the increase has reached the previously judged target level. Once they encounter a retracement, they just want to make a profit as soon as possible, and they will be safe.
It can be said that everyone has experienced this situation, and there are various solutions. In fact, there is no need to talk about it in detail, after all, it is a commonplace problem.
To put it simply, the "target position plan" should be regarded as a good method. According to your own trading experience and habits, formulate an appropriate target position (both rising and falling), and do not make changes due to price fluctuations.
It is commonly known as hanging stop profit and stop loss. Some people will say, I understand the truth, but I can't do it. That's easier, turn off the computer and unplug the network cable.
Just kidding. It's not that it can't be done, but that there is no way. A person who is afraid of heights can also overcome the fear of heights through training.
1. Control the position within the range that you can bear . This is the first step. You have to bring people who are afraid of heights. First, get familiar with the height of the 3-story building, and then slowly increase the height. When the position is relatively small , we can hold positions better, because even if the loss is stopped, I can bear it, which is a little lower.
2. Consciously let yourself leave the market . When the order is entered, the stop profit and stop loss are set, and leave for a while. Don’t always stare at the fluctuations of the market at a few points. For most people, staring at the market is only harmful but not beneficial , When you stare at the market, there are ten thousand ants in your heart, stinging your emotions and thoughts, making you make wrong choices.
3. Every time when you hold a position for too long, the profit has not come out, and after the final stop loss, you must encourage yourself, my method is not wrong, my method is correct, but this market just goes out like this, this is unavoidable Yes, next time my persistence will double my earnings. This is very, very important. If you keep doubting your own methods, you will definitely not persist. If you don’t persist, you will make frequent mistakes.
A good attitude requires the cooperation of many factors. The most fundamental thing is that the concept is not in place, the technology is not mature enough, and the way of trading is not enough. A good attitude comes from good trading techniques and corresponding trading concepts, and good trading comes from solid basic skills. . But at the same time, the mentality maintained by trading technology is like duckweed, and no one can guarantee that the transaction will always be smooth. Therefore, learning to control your mind is particularly important.
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