In trading, some pitfalls must be experienced personally to truly understand.
1. Knowing does not equal being able to do
Everyone says, "You must cut losses when you're wrong," and you understand this principle, but when it comes to losing money, you just can't bring yourself to do it.
Because human nature detests losses, always thinking, "Maybe if I hold on a bit longer, it will come back."
2. Stopping losses is harder than cutting losses
It's like when you're about to climax and someone tells you to pull out; your instinct is to resist stopping.
Trading is the same; when losing money, you always want to wait a bit longer, resulting in even greater losses until liquidation.
3. You can only change after enough pain
Just knowing isn't enough; you have to experience liquidation and significant losses, to the point of sleepless nights, to learn your lesson.
Some people change after one liquidation, while others may go through ten or a hundred before they change, until completely wiped out.
4. There are no shortcuts; you can't avoid necessary losses
Do you think you can become an expert by "taking fewer detours"? Impossible.
It's like playing a game; if you don't take hits, you won't learn how to maneuver. Trading is the same; without experiencing liquidation a few times, you can't develop execution ability.
5. Ultimately, it's about muscle memory
Top traders aren't born disciplined; they lose a lot, and their bodies react faster than their minds—when it's time to cut a position, their hands move faster than their brains.
Trading isn't learned; it's lost.
You can't avoid any of the pitfalls; if you skip even one, you won't make it.
Just like the fan below, if he hadn't lost so much, would he seek someone to guide him?
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