The Three Mental Journeys Every Trader Must Experience

Seeing the mountain is a mountain, seeing the coin is a coin

Seeing the mountain is not a mountain, seeing the coin is not a coin

Seeing the mountain is still a mountain, seeing the coin is still a coin

Seeing the coin is a coin: In the novice stage, chasing highs and cutting losses, seeing a drop as risk and a rise as opportunity

Seeing the coin is not a coin: In the growth stage, actively trying to understand the market; macroeconomics, sentiment, and capital games are all factors that determine price movements, but ultimately feel that everything is an illusion, all a trap

Seeing the coin is still a coin: In the mature stage, starting to let go of obsessions, trading logically, strictly following trading discipline, stopping losses when needed, taking profits when needed, returning to the 'empty cup mentality'