Understanding the market but unable to hold on, misreading the market and stubbornly hanging on
Ultimately, most people do not struggle to understand the market, but rather cannot hold onto what they should and cannot let go of what they should stop.
Do you often find yourself like this:
Entering the market only to see it in the green, thinking "I'll cut my losses if it drops further"
As soon as you break even, you run, only to look back and see it has doubled
When it really drops, you stubbornly hold onto your position, refusing to give up, saying "I don’t believe it can drop further!"
Days go by, the more you watch, the more unwilling you feel, the more you hold on, the worse it gets
This is not a technical issue, it’s a mindset that hasn't been refined.
The most common way to lose in a bull market is not misreading the direction, but rather:
Doing it right but not holding on
Doing it wrong and refusing to admit it
Fearing profits will evaporate, fearing losses will require cutting losses
Clearly, the overall trend is upward, yet small fluctuations drive your mindset to explode
Trading is not about one-time hits, but about consistent execution.
When you're wrong, admit it; the market is not your father, it has no obligation to take care of you.
Remember this: The only things you can control are your entry point, position size, and stop-loss point; don’t fantasize that the market will listen to you.
The long position at 2620 set up this morning is starting to profit now! The market is just this relentless
