Learn to be in cash. Being in cash means making choices; when there are no opportunities in the current market that you want, you must learn to observe and detach.
Do not let trading occupy all of you; you must learn to control the rhythm of trading, as it is only a part of your life.
It's like smoking; you can take a couple of puffs to relax when needed, but do not become addicted.
Trading is about making money within your understanding. Stop when your understanding is unclear; without clear understanding, you are bound to fail.
The money you earn is clear, and the losses are also clear, all of which can be logically expressed and verified. Trading is not guessing; trading changes according to market fluctuations.
If the current rhythm of the market does not align with your trading logic, exit; this is respecting the objective. Do not stubbornly resist in territories that are not yours. This is being obstinate.
Once you have the basic technical tools, there is no need to pursue excessively. The most important thing in trading is your insight; if your insight is incorrect, no amount of effort will help.
You need to enhance your understanding of trading; trading is like practice. Many people practice for decades but face more problems; the reason is that their understanding of practice is not correct, hence there are sudden and gradual enlightenments.
Gradual enlightenment is knowing without withdrawing completely, crossing the river by feeling the stones, understanding while practicing; the process is very tortuous and painful in between.
Sudden enlightenment is the opening of understanding, seeing the true nature of practice, so you will no longer be confused. This is to practice after enlightenment; true sudden enlightenment sees the truth and will not regress.
Trading is the same; you need to see the true nature of trading through the chaotic market. The chaos of trading is the limitless, and the limitless is the essence of trading, which is inherently stable. The use of trading is the Tai Chi, and Tai Chi is Yin and Yang, and Yin and Yang is fluctuation.
There is Yin within Yang, and Yang within Yin; this is rise and fall, rise contains fall, and fall contains rise. This is fluctuation, and accumulated fluctuation is trend. Trends have different levels, and you should determine your trading level according to your personality; this is establishing laws based on oneself.
Any trading theory you see is a subjective classification and redefinition of the market by someone. It establishes a set of rules based on clear definitions to make sense of a chaotic market. This is the different methods of trading; the number of methods corresponds to the number of minds. The methods of trading are means to help you see the true nature of trading. Once you see the truth, you must abandon the methods; do not become rigid.
You should redefine the market based on your characteristics and establish a set of trading language or rules that suit you best; this is breaking the attachment to methods.
Once you become addicted to anything, you will be controlled, and what is controlled is your own heart. Therefore, you must learn to stop and detach in trading. Actively holding cash means grasping the rhythm; you must learn to periodically hold cash, which allows you to practice control in trading.
In this market, you can enter whenever you want and exit whenever you want; this should be the first step in trading practice.
Retreat to advance; when the time is right, charge straight in. When retreating, be decisive. You can never control the next candlestick, so never watch the market too closely. After entering a position, set your stop-loss and do what you need to do.
If you are at the weekly level, set a weekly stop-loss and check the market again after a week. If it is a monthly stop-loss, check the market again after a month.
The most important thing in trading is to overcome the word 'urgent.' The more urgent you are, the more problems arise. You must learn to slow down; when you are no longer in a hurry, you have succeeded halfway.
When not trading, learn; learning is like sharpening a knife. When the knife is well sharpened, harvesting will be easy.
Trading should not become increasingly tiring. Trading should be the easiest profession; if you are exhausted every day, there is definitely something wrong. Trading is a profession where you take it easy; after placing an order, do what you need to do. Trying to intervene is useless; those are all delusions.
Trading is practice; true practice is not tiring, and your heart is very at ease. Every day is easy because you have understood, and your mind is unburdened.
If you feel that practice is exhausting or trading is too tiring, it must be because there are too many delusions. This delusion is your own fabricated thought, so you need to stop immediately and reflect on whether your understanding has problems.
Stopping means pausing trading; learn to hold cash; holding cash is also part of trading.