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 incur losses, we fear further losses and consequently miss out on rebound opportunities; when we make money, we often think about 'holding on a bit longer,' resulting in profit loss.
The most important lesson I've learned is that I must set rules for trading. Before entering a trade, I ask myself: How much can I lose? What is my target? Once I hit my stop-loss or take-profit, I decisively exit. Rules are calm, but emotions are chaotic; only by adhering to the rules can I combat the fluctuations 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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