Your biggest enemy in trading is actually yourself.
The longer I trade, the more I realize that the biggest opponent in the market is not others, but myself. Fear, greed, impatience—these psychological issues are harder to deal with than any market fluctuation. When we face losses, we fear exacerbating them, thus missing out on rebound opportunities; when we make money, we often think, "Just hold on a bit longer," resulting in profit withdrawal.
The most important lesson I’ve learned is that I must set rules for trading. Before entering a position, I first ask myself: How much can I lose? What is my target? Once I reach my stop-loss or take-profit, I decisively exit. Rules are calm, but emotions are wild; only by adhering to the rules can I combat the turbulence within.
Trading is not a game of emotions, but a game of probabilities. The market is always changing; what you need to do is stabilize yourself. Don’t take your frustrations out on the market; it has no wins or losses; it is merely a mirror reflecting your own inner self.
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