To achieve results in trading, you must first endure the cognitive anxiety phase. Once you get through it, you can achieve anything, whether it's seven or eight-figure assets.
Easily grasped🤏🏻
This article is written for brothers in a state of confusion. Many people think that trading success is about being quick-witted, agile, technically skilled, and having a high win rate. In fact, I am also a fool. To put it bluntly: I do not trade based on cleverness, but rather by enduring.
To be honest, I am not a particularly smart person.
I am neither the kind of person who can see through the market at a glance and grasp the key points immediately, nor am I someone who learns everything quickly.
In fact, when I first entered the industry, I made all the common mistakes that everyone does, including frequent trading, heavily betting, chasing prices, not setting stop losses, etc. Many people think it's all about persistence; in reality, it's just stubbornly holding on.
1. Endure the 'cognitive anxiety period'
In 2019, when I first entered the circle, during those initial years, I thought losses were due to insufficient skills, so I frantically read books, learned indicators, searched for courses, and studied whatever was popular, like wave theory, Bollinger Bands, candlestick patterns, moving averages, Gann master charts, etc.
However, as I learned more, my mind became more chaotic because I often encountered conflicting indicators, conflicting signals, and also faced different people with different trading concepts.
Since I was new to this field, I kept learning, testing, and switching systems, which made me increasingly confused.
Later I realized that this is not a technical issue, but cognitive anxiety. You know too much, but are unclear about how to use it; you see too much, but haven't established your own judgment framework. So everything I learned at that time was just a pile of garbage.
That was practically the darkest moment of my life because, amidst one failed strategy after another, I began to deeply doubt myself, wondering if I was too stupid. At that time, social media was not so developed, and there was no one to guide you; it was really hard to get out of a dead end.
Later, after reading many books, such as 'Trend Trading Method' and 'The Clarity of the Mind', I did a lot of reviews on various trading methods mentioned in them. I found that I didn't need to absorb so much 'noise'; I only needed a few indicators, one system, to trade a few currencies, and to focus on one type of market.
I started deleting useless tools and kept only the core indicators. This shift from pursuing 'knowing more' to 'understanding clearly' is a painful transformation, but it is necessary to go through.
After simplifying things, I saw many truths about trading clearly and finally found my own path.
If you don't endure the cognitive anxiety phase, you will forever wander in switching systems, changing directions, and altering strategies; your trading will definitely remain stagnant.
So wanting to get rich is not just about luck; the key is that you must overcome more difficulties than others. Not everyone has the opportunity to earn seven or eight figures; in fact, every coin friend has the chance to make money.