There are no shortcuts on the road of trading; every pit you should step in will not be missed, because if you miss even one, you won't be able to find your way out.

For example,

Everyone will tell you that when you make a mistake, you should cut your losses and not hold onto your positions. You understand this statement as soon as you hear it: cut your losses and don't hold onto your positions.

Everyone is Chinese, and it's not that they can't read.

But that’s just it; you understand, but you can't actually do it.

Everyone has a loss aversion mentality. When they see losing positions, they hesitate to act, always thinking that if they just hold on a bit longer, it will come back.

Cutting losses is harder than entering without a plan; when you need to shoot, pulling out to shoot outside is still difficult, because it feels so good to shoot fast that you don't want to pull out.

This decision to cut losses is not something you will make just once; if you are a short-term trader, you need to make countless difficult decisions like this every day. Even if you fail to do it once, you might end up losing everything.

When can you actually cut your losses?

Only after you hold onto your positions until they blow up, losing a significant amount of money, do you truly feel the pain, a pain that penetrates to the bone, and realize that you really need to cut losses!!!

Even after losing a large sum of money once, you may still not be able to do it. You might need to blow up ten, a hundred, or even a thousand times, feeling pain to the point of wanting to die, before you can develop the discipline to cut losses.

Even the current market's only version of the God of Trading, who perseveres, also experienced four years of losses and four years of blowing up before achieving today's execution ability.

How many years of blowing up do you need to practice the execution power of cutting losses?

Trying to develop the execution ability in trading through taking fewer detours and reducing losses is almost impossible.

There's fundamentally no shortcut in trading because if you take even a little less of a detour, you won't be able to find your way out.