Jesse Livermore, a famous Wall Street trader, once said a thought-provoking statement: “The difference between gambling and speculation is that the former bets on market fluctuations, while the latter patiently waits for its own trading opportunities.
Why are so many people obsessed with capital markets? The reason is that the subconscious mind is intoxicated by the human instinct of "gambling". The pursuit of excitement, fear of boredom, blind self-confidence, repeated defeats and other "gambling" characteristics are due to human nature. "Market fluctuations" provide many seemingly "workable" and "unable" bets. Therefore, due to their instinctive gambling instinct, many traders put their energy and enthusiasm into the fluke of hoping to make quick profits.
Professional traders think more about how to establish a stable investment style, investment strategy, investment psychology, and investment risks, formulate different trading plans based on different market trends, and implement trading plans with strict discipline.
