After looking at hyper data and seeing famous traders go to zero, I've been thinking: what is the hardest part of investing? Is it strategy? Is it technique? I don't think so; it's psychology.

Many people believe that mastering indicators and methods will lead to profit, but what often leads to people exiting the market is a loss of control over their emotions. When the market fluctuates, most people might have thoughts like:

🔹 I've lost too much, should I add more to recover?

🔹 An opportunity has come, should I jump in or fear missing out!

🔹 The market has pulled back, should I take profits now?

At this point, if one's mindset is not prepared, it's easy to disrupt the original plan: for example, casually lowering stop-losses, chasing after the market, or betting on a rebound. The losses incurred this way are often greater than those caused by the market's own fluctuations. Even those skilled traders in the industry have not been able to escape this; it's the most realistic reminder.

So many people ask, how can we manage our psychology in investing?

The key lies in one word: 'greed.' Everyone has moments of greed, wanting to earn a bit more, fearing to miss out on opportunities, but it is this very greed that leads many people astray from their original plans.

Psychological management can start from a few aspects:

1️⃣ Acknowledge that you will be greedy and afraid

Don't think you won't be greedy or fear losing money; these are human traits. First, acknowledge their existence, so you can set rules in advance and not be led by your emotions.

2️⃣ Strictly enforce stop-losses

Stop-losses are not about limiting gains; they are about protecting your principal. Exiting decisively when losses reach a set limit is much more reliable than changing the rules on a whim or betting on market trends. When your mind is stable, you won't lose more than the market's own volatility.

3️⃣ Be flexible with take-profits but don't be greedy

Take-profits are tools to lock in profits, not something that should be delayed indefinitely. Don't let greed postpone your exit; secure the profits that should be secured, and gains will accumulate steadily.

4️⃣ Review and train your psychology

Reviewing is not just about looking at profits and losses; it's also about examining the emotions at the time. Reflect on when you deviated from your plan due to greed or fear, identify the patterns, and gradually train yourself to remain calm during market fluctuations.

By managing your investment mindset well, you can steadily accumulate profits; otherwise, your principal will eventually be lost. With a stable mindset, stop-losses, take-profits, and strategies can truly take effect, allowing you to survive longer in the market.