This article is written for those who are in a period of confusion. Many people believe that trading success belongs to those who are quick-reacting, sharp-minded, technically skilled, and have high win rates, but honestly, I am just as clueless. To put it bluntly: I don’t trade based on intelligence, but rather on enduring persistence.
To be honest, I am not a particularly smart person.
I am neither the type to instantly see through the market and grasp the key points, nor the type who learns everything quickly.
In fact, when I first entered the industry, I made almost all the common mistakes, including frequent trading, heavy speculation, chasing highs and cutting losses, and not setting stop losses, etc. Many people think it’s all about persistence, but in reality, they are just stubbornly holding on.
I endured the 'cognitive anxiety period'.
I just entered the circle in 2019. In the first few years, I thought that losses were due to insufficient skills, so I frantically read books, learned indicators, searched for courses, studying everything from wave theory, Bollinger Bands, candlestick patterns, moving averages, to Gann's master charts. I learned whatever was popular.
However, as I learned more and more, my mind became increasingly chaotic because I often encountered conflicting indicators and signals, and I also came across different people with differing trading philosophies.
Because I was just starting out, I was constantly learning, testing, and switching systems, which made me more and more confused.
Later, I realized that this wasn’t a technical issue; it was cognitive anxiety. You know too much but are unclear on how to use it; you see too much but haven’t established your own judgment framework. So everything I learned at that time was just a pile of garbage.
That period was simply the darkest moment of my life because, in the repeated failures of my strategies, I began to deeply doubt myself, wondering if I was too stupid. At that time, social media was not as developed, and there was no one to guide you; it was really hard to get out of a dead end.
Later, after reading many books, such as (Trend Trading Method) and (Clarity of Mind), I did a lot of reviews on various trading methods mentioned in them. I realized that I didn’t need to absorb so much 'noise'; I only needed a few indicators, one system, and to focus on a few cryptocurrencies and one type of market.
I began to delete useless tools, keeping only the most essential indicators. I shifted from pursuing 'knowing more' to 'understanding clearly'. This was a painful transition, but it was necessary.
After simplifying things, I was able to see many trading truths clearly and finally found my own path.
If you don’t get through the barrier of cognitive anxiety, you will forever wander in switching systems, changing directions, and altering strategies, and your trading will certainly be stagnant.
If this is beneficial to you, follow me to avoid pitfalls!