Do you think luck is important in trading? If it matters, how important is it? If not important, what is most important?
As the saying goes, "
It is up to people to plan things, but it is up to God to make things happen." To succeed in one thing, more or less luck is needed. Many things that fail to succeed and fail in the end are also likely to be caused by bad luck.
Therefore, most people agree that it takes some luck to succeed in doing things.
This of course also includes transactions.
When you are lucky, it is difficult not to make money in trading, and once you make money, you will be full of money. Therefore, everyone hopes that their luck in trading will be better.
There's nothing wrong with that, but don't you feel a little weird if trading is all about luck? Are you really relieved? Are you at ease? Can you sleep soundly at night?
Luck is actually just an accelerator for successful transactions, not the underlying logic of successful transactions.
Of course, with a little luck, the transaction will go a little smoother, but that's all.
However, if you just hope for better luck and just wait for luck to serve you, then you are bound to fail!
Just like a popular saying on the Internet - " The money earned by luck will eventually be lost by strength ."
And when the luck is bad one after another, it is the time to test the true strength of a trader!
Just like the epidemic in the past two years, the recent Russia-Ukraine war, etc., the occurrence of these extreme events may be bad luck for many people, and it can be said to be a nightmare.
And what we have to do is, in the case of the worst luck and bad luck, the trading account will never be liquidated, or even a large retracement will not occur, or even in the worst market environment You can still survive!
Therefore, the real success of trading cannot depend on luck, but must rely on technology. (The technology mentioned here refers to all trading system technologies including fundamentals and technical aspects.)
That is to say, we must first create a trading system with positive expectations, and then strictly abide by the trading system trading from beginning to end, so that we can succeed. This is the underlying logic of successful trading.
So, if you think that luck is the most important thing in trading, the first thing you need to do is to change this way of thinking.
Only by completely changing this way of thinking can you completely exclude the factor of luck from your trading system; Survive and make money in the market.
Then there is risk control, risk control, risk control , no matter when, always put risk control in the first place.
Always put risk control first, which means that you have to take the worst into account in every transaction. After entering the market, as long as the market does not meet your predictions, develop in the opposite direction. Once you reach the risk control line, It is necessary to exit immediately! You can't make any excuses for yourself, and you can't have the slightest hesitation, you must implement it thoroughly!
Of course, if luck happens to be cheering you on, you can’t be too complacent, and you should always beware of the risk of profit-taking, take certain measures to lock in part of the profits, and leave room for further development of profits.
Finally, I would like to say, friends, don’t always count on luck anymore. Luck can only make you icing on the cake occasionally, and what can really make you profitable for a long time must be technology. The set of trading systems is fully implemented and the execution power is in place! And also has a strong heart that is not surprised by favor or humiliation, calmly smiles and watches the clouds rise and fall!
Add
