Never trade with the mindset of getting rich quickly.
As long as you overcome this mindset in trading and act completely according to your trading system, then set your profit cycle a bit longer. As a trader, you can earn a considerable amount of money. Of course, it requires time.
In the first few years of trading, you must not make earning big money your goal. Because the growth of trading capital always occurs after breaking through a critical point. Turning 10,000 yuan into 20,000 yuan seems like you've made 10,000 yuan, but in reality, the principal has doubled. This is a significant profit. Turning 100,000 yuan into 200,000 yuan. It seems like the principal has increased by 100,000 yuan, but in reality, it is also a doubling of profit. If 1,000,000 yuan turns into 2,000,000 yuan. It's actually the same. Many traders, when they first enter the trading market, always think about making a big profit.
Trading with this mindset can easily lead to significant losses. Many promotions portray trading as a way to turn a small amount into a large amount, like turning 100,000 yuan into 1,000,000 yuan. This is a very dangerous promotion that has harmed many people. If you want to be a good trader, it is best to study how to turn 100,000 yuan into 110,000 yuan, and then repeat this trading model ten times. In fact, many of today's traders' articles tell stories about how to turn 100,000 yuan into 500,000 yuan. Some even take exceptional cases to illustrate how to turn 80,000 yuan into 8,000,000 yuan. These articles mislead many people. I hope everyone avoids reading such articles. Trading is a continuous process.
It's just like going to work; it doesn't rely on inspiration, luck, or blessings from heaven. Of course, blessings from heaven are important, luck is also important, and inspiration is important too. But all these have a foundation, which is that traders must have a clear understanding of the market. They must also have a clear understanding of themselves. For ordinary people, earning two to three hundred thousand a year is quite good, while making five to six hundred thousand requires exceptional talent. If someone wants to earn seven to eight hundred thousand a year, they must have many powerful factors that we cannot see. However, many traders, with only 100,000 or 200,000 yuan in hand, hope to make 800,000 yuan in just one year.
This mindset leads many to be eliminated from the trading market in the first or second year. I hope everyone understands that trading capital accumulates slowly, and trading experience also accumulates gradually. In warfare, one cannot be overly concerned about the gains and losses of a single city or territory. In trading, one cannot fantasize about making big money on every trade or being correct on every trade; one should earn small profits when it's time for small profits and cut losses when it's time to stop losses. When it's time to make big profits, hold your position a bit tighter.
Additionally, there's one more thing to note: if you execute a trade and take profit, and then the asset skyrockets in subsequent market movements, you should not feel any disappointment because according to your trading system, you were supposed to earn that amount. You cannot change your trading system based on sudden market movements or exceptional situations. A trading system is developed after hundreds of hours of analysis and practice; if you change it on a whim, trading will become distorted. There is no end to the money that can be earned in this market, but the money in our accounts can easily be lost.
The biggest detour in trading is not being aware of your own strength and not respecting the risks of the market. But that's okay; after being educated by the market a few times, you will be awakened.
