What does trading require? Having exquisite skills is a prerequisite for your long-term survival in the market. Some investors say that trading is related to mindset and execution, but mindset and execution are built on skills. Without skills, no matter how good your mindset and execution are, you cannot achieve stable profits. The vast majority of failed investors lack sufficient skills, making it difficult for them to accurately judge market conditions, and they are easily influenced by emotions while trading. Such trading is not based on technical analysis.
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The market is a battlefield of long and short positions, and each of us investors is like a soldier. If our weapons and equipment are sufficiently advanced, we will have enough confidence in this war, and our chances of winning will be significantly higher. However, if we are bare-handed or hold outdated weapons, we can only become lambs to the slaughter in front of the enemy, let alone have any chance of winning.
If you enter the market hastily without solid skills, relying entirely on luck, your psychological pressure will be particularly high. After a trading failure, it will be hard for you to bear such a heavy blow, and the final result will be elimination.
