The reason trading is difficult is that most traders share a common trait: they dare to lose but not to win.
The market is a game designed based on human weaknesses, and this game is almost at a deadlock. It's not that there aren't profitable methods, but rather that people dare to lose but not to win, which makes it hard to get past this level.
In your mind, you want to win but are afraid to lose, yet in action, you indeed dare to lose but not to win. The thoughts in your mind are correct, but the actions you take are wrong. Why is it that when your trading direction is wrong, you can hold on but when you buy in the right direction, you earn little and exit? Is it that you can't hold onto profitable positions but stubbornly cling to losing ones?
When you buy in the wrong direction, why not decisively cut losses and wait for a chance to trade again? It's actually because you are reluctant to admit failure and can't accept the reality of losing. Therefore, when buying in the wrong direction, you are unwilling to cut losses and instead fantasize about a market reversal, dreaming of turning losses into profits. This fantasy leads many people down the path of daring to lose.
Sometimes, when making mistakes, you may think about the right approach of cutting losses to solve the problem, but when it comes time to manually cut losses, you can't bear the pain internally and find it hard to execute.
Many people actually only cut losses when their mindset breaks down; they can't stand it any longer. Before placing an order, they don't want to lose, but when they truly lose, fantasies arise, and they feel they can afford to lose again.
It's hard, indeed very hard!