The trading concepts you must learn to make millions a year!
The worst way to trade is to frequently enter and exit with a heavy or even full position. This was a complete loss of self-control, almost the behavior of a lunatic. Stick to those bets that have the best chance of success. This is a matter of odds and probability.
1. The quality when you act depends on the quality when you don't act. Only when you are fully prepared will you not be in a hurry and can you do things just right. Frequent trading will inevitably lead to a decline in the overall trading quality, because there are too many clues in the mind, and the entire thinking must be in chaos.
2. Not only do bad trades bring losses in themselves, but they also prevent timely entry into the market when real opportunities arise. A trader should maintain a balance between action and inaction, between trading and rest.
We often cannot maintain a short position because we cannot bear loneliness. In fact, it is very healthy to maintain a short position. You can maintain a neutral attitude and observe the market objectively and calmly. Once a real opportunity arises, you can enter the market completely without any encumbrance. We usually do a lot of transactions that we shouldn't do. When the real profit opportunities, the opportunities that really belong to you, come, you are stuck in the quagmire of bad transactions and have no time to take care of them. This is one of the saddest things about trading.
3. Improve your state of consciousness and reach a higher footing
Some problems cannot be solved at the same level because other new problems will arise in the process of solving this problem, so the problem can only be transcended but cannot be solved at the problem level. Similarly, some problems in foreign exchange trading cannot be solved at the trading level. This requires a trader to elevate himself to a height far beyond the market, so that the original problem will be surpassed.
When we are no longer so frantic and anxious inside, when we are no longer so eager for quick success, our intelligence will be clearer, we will be more objective and calm, and we will make fewer mistakes. Inner improvement is a long-term and gradual process. When we raise our footing, we will have a holistic perspective and see the whole thing with a detached state of mind.