交易员

Have you ever wondered what qualities top traders possess to stay invincible in the market? Recently, famous trader Eugene Ng Ah Sio shared his views on excellent traders on social media. He believes that successful traders should have at least three key qualities:
Acute emotional awareness: Excellent traders are able to identify their own psychological biases in a timely manner and decisively step away from the screen when their emotions fluctuate to avoid impulsive trading.
A sound risk management framework: They build systems to handle 2/3/4 standard deviation events, ensuring robustness and reducing downside losses even during volatile markets.

In trading, it seems that the market will bite you back at any time, but don't forget that emotions are also used by humans as weapons of self-harm. Let me ask myself a question: when you are at a high point, are you mentally unable to bear it and want to do more? To continue to be bearish at this time is already a matter of "psychological struggle" and is difficult to analyze objectively. At this time, you must know one thing: other people will also think that there is no need to sell lower after it has fallen so much. This is the "general view". You must know that this kind of thinking is "human nature", but it is not "correct". Wanting to go long is often driven by psychology and is not based on technical aspects. It is indeed very painful after a sharp decline. After a long decline, what do you think of the market outlook? There is no doubt that the technical side is "short". It has been falling all the way. I know that my psychology has been "paralyzed" by the bearishness. This is a kind of torture. However, the road to trading is lonely. You cannot be influenced too much by others. You must be completely independent from the market. You can only rely on yourself for success, but this is the charm of trading. Operating and guessing the market are two different things. It has been repeatedly emphasized before that there is a difference between "doing more because you are bullish" and "doing more because you should do more". The way many people operate is to judge whether the market will go up or down in the future, then establish a position and wait. If the market does not go according to their inner thoughts, they will panic. Objectively speaking, insisting on what the market will do is just our wishful thinking. The market does not care how we analyze it, not to mention that the market situation is often changing rapidly. In many aspects of operation, one must put aside one's own (and of course others') views on the market. Stop when it's time to stop losses, and don't hesitate when it's time to take profits and keep profits. "Many mechanical trading parts cannot give themselves any excuses" and they cannot bet on the market just because they "insist on what will happen". This is not an operation but leaving their fate to God. Everyone in trading has this motto: "As long as I hold on to the position, it is not a real loss." But this is like letting your internal organs bleed and choosing not to go to the doctor. The truth is like the following sentence: "As long as I hold on to the position, it is not a real loss." If I don't go to the doctor, people won't know that I'm dying." But believe me, once you die, people will find out the truth sooner or later.Each of us must know that our operations are establishing a "money-winning model." When you deviate from this stable money-winning operation model, you are gambling and doomed to failure. It is not easy to break through psychological problems. In this regard, you must know where your chances of winning are before you can have confidence. I was squeezed before, so I will hesitate next time I make a move. This is a normal and natural reaction. The biggest emotional reaction problem in trading is worry - because I am too afraid of losing, because I didn’t enter the market, because... ...When you are about to establish a position, many inexplicable and weird thoughts often come out. Suddenly you think of a certain loss a few days ago, or an idea that you would never think of at ordinary times. Will you buy it? An earthquake will happen soon? Everyone has worries, but you must learn to overcome them on your own. Once a successful operating model is established, the next step is execution. Without execution, everything is empty talk. In fact, the difficulty of market operation lies in the psychological aspect. For example, when you plan to go long at a low position, if you hold a position all the way down, you have to wait until the trend turning signal appears before you can take action. However, usually on the way, your psychology will ask you to make a profit quickly. At this time, you must endure the "pain" ". The road to trading is a road of learning. For everyone, failure is almost always caused by themselves. Since you want to survive in this market, you have to change your life frequency and follow the market. Few people are born to belong to the market, so to succeed, you must change - change all the wrong concepts and habits in the past, and continue to practice correct behaviors until they become your habits. Emotions will make people chase the ups and downs, so Gotta control it. "Human nature doesn't want people to easily admit losses and realize losses, so you have to get used to the feeling of admitting losses." Human nature also doesn't want people to give up existing book profits that have been realized, so we must overcome "human nature's short-sightedness and short-term gains." idea. Doing the right thing in the market will almost always bring pain. People's choice must be to stay away from pain. Staying away from pain is also away from success. Therefore, it is destined that there will be only a few winners. Reflection will also bring pain, because this is equivalent to Admit to yourself that you failed in the past, so people will keep making the same mistakes.The market doesn’t care what you think, so what’s the problem? The reason is that you are not a blank slate and have too many subjective ideas. These normal ideas in life are correct in your daily life, but those ideas are often wrong in the market... .Because life and the market are two worlds, and they have no intersection. "When you talk about it, you seem to be enlightened, but when you are confused about the situation," it is a very vivid way of saying in Buddhist practice for those who cannot practice both interpretation and practice. That is to say, the truth seems to be understood and understood as soon as it is explained, but when the realm or specific matters come up, they have no idea of ​​the truth they once understood, and they do not know what to do in their behavior, and they lose focus and perseverance. "Speaking as if understanding" means that many people focus on the understanding of technology, position management or strategies; "being fascinated by the situation" means that many people do not consciously cultivate their 'resolute execution' of what they have learned before and do not Or there is simply no control over the subject’s consciousness and behavior in executing them. In financial transactions, faced with the ups and downs of money, losses and profits, and the ups and downs of the market, most traders lose their trading plans or rules, have nothing to rely on, and begin to unconsciously fall into random trading. Therefore, there are many famous quotes on Wall Street about these phenomena, and many people are studying trading psychology. "Plan your trade, trade your plan" is also a typical saying. In fact, the discussion about trading mentality is an old topic. Friends who have had a period of trading experience should understand the impact of trading mentality on the "success or failure" of trading. At first, many novice traders regard trading technology as the key to success or failure when entering the market. However, after a period of trading, they will find that due to many reasons of their own, we have no way to implement trading discipline (of course, there are many people who attribute it to themselves). There is no master key in the trading world, so it is inevitable that some people will fall into the trap of looking for the master key. We will not comment too much on such traders here). Many friends have also asked me how to establish a good trading mentality. So let’s talk about how to establish a good trading mentality. First, let’s analyze where a good trading mentality comes from. Many people will be curious, why does a mature trader remain unmoved in the face of changes in money?Have they reached the point where the six sense organs are pure? What's more, some people deify this kind of trading state and think that such traders are like eminent monks. In fact, this kind of trader's state is very easy to achieve. You need to do the following: First: You need to change your current situation that does not meet your needs. All losing positions in my own trading system were closed. The reason is very simple. We have a tendency to protect ourselves. When we are "hurt" by the outside world and we cannot change the status quo, we create an illusory scenario to "protect" ourselves from being harmed. Psychological suffering. This is also the essential reason why many novice traders do not stop losses. Second: You need to change your current trading logic. Of course, this kind of trading logic can also be called trading thinking. When it comes to thinking, everyone should understand very well. When we encounter a specific event, we have to make an evaluation of the matter through our own thinking model, and then take actual actions. . That is to say, if we want to make a trading action, we will have our own trading thinking to analyze. Many people like to use gambling as a metaphor for trading, so let us also use gambling as an analogy. Next, there are two ways of gambling for you to choose. The first is to gamble with your winning money, and the second is to gamble with borrowed money. So I think no one chooses the latter. Well, when it comes to trading, everyone doesn’t think so. In fact, many mistakes made in trading cannot withstand scrutiny in reality, and can be completely denied using some very simple and easy-to-see principles. So how do you change your trading logic? "That's to streamline your thoughts!" Think less about things that you don't care about, and do less things that deceive yourself and others, and be an open-eyed trader. Third: Forget the "dream" you had before entering the market. In fact, it is more of a fantasy than a dream. When you really enter and understand trading, maybe all your dreams will be "shattered", and the market will subvert all your illusions and superficial understandings. Only by respecting the market honestly, simply performing mechanical operations, and not having any illusions about the rise and fall of the market is the only hope for survival in the market. Please remember that it is survival, not anything else.What the market leaves us with are rules and regulations. Of course, mentality is only one aspect of subjectivity. The combination of the subject's review of the market, funds and trading plan and the intensity of its execution are also things you need to control yourself. It is not enough to have psychological tolerance or not to be moved. Self-control is the primary condition for profitable trading, and it is also the ability to implement trading behavior from beginning to end. Without self-control, no matter how skilled you are and how good your money management is, you will eventually leave the market in pain. In trading, it may not be possible to be rational all the time, but you can ask yourself every time to review whether your trading actions are part of the plan and what results it will bring; when encountering floating losses or floating profits, what should I do? How to deal with it; whether I want to trade frequently, whether I really want to take a heavy position, whether I enter or leave the market at this time, I must think carefully before taking action. You cannot trade randomly and involuntarily. Over time, you will naturally treat your own behavior more carefully. Self-control is the focus of trading, and it is also the most important dividing line between gambling and trading. Because of self-control, many times you don’t let luck trade for you. It is the inner strength to execute your trading plan. You can't do anything without him. If self-control is not enough and you can't do it yet, it is best to learn trading psychology or philosophy. But once you learn it, you still have to execute it consciously and purposefully. In fact, there is only one reason why you cannot execute the transaction, that is, you have not clearly understood the importance of trading discipline. To truly gain such understanding, you can only have some experience in actual transactions that have failed repeatedly. After polishing off your own edges and corners, maybe you can trade honestly. That’s all for today. Finally, I’ll talk about it again. To keep your trading mentality stable, you can only achieve it if there is a profitable number in your trading account. All losing numbers will make you take self-protective actions; and to have Account numbers are profitable only if you implement iron trading disciplines; and to implement iron trading disciplines, you must have an understanding of the nature of a trading market.In the final analysis, trading is performed with the brain. The key to execution lies in your trading thinking, and trading actions are only superficial. If your trading thinking changes, then the implementation of trading rules will be a matter of course, and then trading will become a happy thing. Are you still worried about being unable to execute your trading plan? Will there still be ups and downs in trading mentality? So will you still fight against your own psychology? #内容挖矿 #JUP #交易员