#TRADING

"Perfection will kill you just as quickly as mistakes" - Weekly article!

Quoted from Alden's writings!

I once thought if I tried hard enough, learned enough, prepared enough... then I would not make mistakes.

I used to force myself to do well from the start. No mistakes, no losses.

It sounds like a strong motivation. But in fact, it is 'an invisible sentence'.

It makes me exhausted because I always have to force myself to be perfect. It makes me afraid to start something new.

It makes me doubt myself, just because I have not reached some 'standard' in my mind.

And then I realize: 'The pressure to be perfect kills me faster than the necessary small mistakes'.

1. Perfectionism causes you to procrastinate action, while flaws help you learn faster.

Perfectionists do not start because they do not see themselves as 'good enough'.

They will wait for another piece of knowledge, another tool, a few more weeks of practice.

But during that time, the market is still moving, opportunities are still passing, and experience cannot form.

On the contrary, those who dare to make mistakes will act.

And taking action early, even if not perfect, always provides you with more real lessons than any theory.

They stumble, but they can correct it. They incur losses, but they understand why.

And those who do not dare to make mistakes will never understand why they have not progressed.

2. The 'perfect' mindset creates a fear of mistakes, and that fear is what kills progress.

When you pursue perfection, you no longer dare to experiment.

You don't dare to enter a new position for fear of being wrong. You do not accept risk in investing. But in investing, accepting risk is a form of intelligence.

You don't dare to cut losses for fear of being seen as 'failing'.

You don't dare to try new strategies for fear of losing to the market.

And in trading, in life, anything that is not tried cannot be learned.

What does not accept mistakes will never go far.

You will live in the comfort zone.

Because you chose correctly, instead of choosing to grow.

3. Flaws keep you humble and alert.

I have once won big on a few trades, and thought that I 'had mastered the market'.

The ego inflates. And then comes a painful drawdown due to arrogance.

But thanks to those mistakes, I learn to slow down.

I learn to doubt my own strategy.

I learn to cut losses, stay out, observe, and adjust.

Flaws do not kill me.

It 'helps me survive' by forcing me to be more alert. But of course, there must always be contingency factors to keep mistakes within control.

And if you are brave enough to face your flaws, you will never be swept away by illusions.

If you are trading and feeling tired, it might not be because the market is difficult. It's just that you do not accept risk, you do not slow down to recognize the market's noise as an essential part of the game.

You are forcing yourself to become a perfect trader. You want to always know the market in advance, you want to always grasp the entire direction of the market, and when you do not accept that market rules are impermanent, you begin to resist it.

But the market doesn't need a perfect person.

It needs a person who 'knows when to enter, knows when to stay out, and knows what else they need to learn.

Relax the expectation of always being right.

Allow yourself to be wrong within a safe framework.

Practice flexibility, not rigidity.

A system with flaws but persistent improvement will survive.

A perfect self that does not dare to change will die.

And success is like walking a tightrope, you must accept mistakes, learn from mistakes, but do not let those mistakes become too big. Success is indeed difficult, but that’s why I must try harder, not just sit still and expect to succeed!

Alden Nguyen "Perfection will kill you just as quickly as mistakes" - Weekly article!

Quoted from Alden's writings!

I once thought if I tried hard enough, learned enough, prepared enough... then I would not make mistakes.

I used to force myself to do well from the start. No mistakes, no losses.

It sounds like a strong motivation. But in fact, it is 'an invisible sentence'.

It makes me exhausted because I always have to force myself to be perfect. It makes me afraid to start something new.

It makes me doubt myself, just because I have not reached some 'standard' in my mind.

And then I realize: 'The pressure to be perfect kills me faster than the necessary small mistakes'.

1. Perfectionism causes you to procrastinate action, while flaws help you learn faster.

Perfectionists do not start because they do not see themselves as 'good enough'.

They will wait for another piece of knowledge, another tool, a few more weeks of practice.

But during that time, the market is still moving, opportunities are still passing, and experience cannot form.

On the contrary, those who dare to make mistakes will act.

And taking action early, even if not perfect, always provides you with more real lessons than any theory.

They stumble, but they can correct it. They incur losses, but they understand why.

And those who do not dare to make mistakes will never understand why they have not progressed.

2. The 'perfect' mindset creates a fear of mistakes, and that fear is what kills progress.

When you pursue perfection, you no longer dare to experiment.

You don't dare to enter a new position for fear of being wrong. You do not accept risk in investing. But in investing, accepting risk is a form of intelligence.

You don't dare to cut losses for fear of being seen as 'failing'.

You don't dare to try new strategies for fear of losing to the market.

And in trading, in life, anything that is not tried cannot be learned.

What does not accept mistakes will never go far.

You will live in the comfort zone.

Because you chose correctly, instead of choosing to grow.

3. Flaws keep you humble and alert.

I have once won big on a few trades, and thought that I 'had mastered the market'.

The ego inflates. And then comes a painful drawdown due to arrogance.

But thanks to those mistakes, I learn to slow down.

I learn to doubt my own strategy.

I learn to cut losses, stay out, observe, and adjust.

Flaws do not kill me.

It 'helps me survive' by forcing me to be more alert. But of course, there must always be contingency factors to keep mistakes within control.

And if you are brave enough to face your flaws, you will never be swept away by illusions.

If you are trading and feeling tired, it might not be because the market is difficult. It's just that you do not accept risk, you do not slow down to recognize the market's noise as an essential part of the game.

You are forcing yourself to become a perfect trader. You want to always know the market in advance, you want to always grasp the entire direction of the market, and when you do not accept that market rules are impermanent, you begin to resist it.

But the market doesn't need a perfect person.

It needs a person who 'knows when to enter, knows when to stay out, and knows what else they need to learn.

Relax the expectation of always being right.

Allow yourself to be wrong within a safe framework.

Practice flexibility, not rigidity.

A system with flaws but persistent improvement will survive.

A perfect self that does not dare to change will die.

And success is like walking a tightrope, you must accept mistakes, learn from mistakes, but do not let those mistakes become too big. Success is indeed difficult, but that’s why I must try harder, not just sit still and expect to succeed!