What is the holy grail of traders? After reading this, your trading will be elevated to a higher level!
Buddha said: Don't seek outside. In this market, the only one who can change you is yourself, or your own cognition is more accurate. Let me tell you the real answer! The answer is: yourself!
Every transaction is a trade-off between risk and return, and it is a pricing for your own prediction of the future price of the selected target. Many traders always think that their predictions are correct, and they always fantasize about the dream of getting rich overnight. They never think or rarely think about what to do after making mistakes, and they don't have corresponding risk control measures. Once the market verifies that their predictions are wrong, they are at a loss and have no courage and courage to stop losses.
From another level of analysis, this is a high valuation of one's own predictions, not thinking that one's own predictions are wrong, and even starting to fantasize that the market will soon move in the direction of one's own predictions. The final result is definitely devastating. Even if you succeed in holding an order occasionally, it is also good luck. The more times you hold it, the greater the possibility of catastrophic results in the later stage, because a person's luck cannot always be good, and there will always be times when you can't resist.
Human greed and fear correspond to the gains and risks of trading. How to balance the gains and risks is the holy grail of your trading.
Without sacrifice, there will never be gains. What you say must be done, and what you do must be done. Establish strict trading disciplines and strictly enforce them. Do not deny that you cannot succeed because of one or two failures, and do not ignore the existence of risks because of three or five successes.
This market is full of too many uncertainties. We don’t know what will happen in the future. Use the best mentality, make the worst plans, and face everything optimistically and positively.
Go, the past; be, now; come, the future. The holy grail you have been looking for is in your heart. Look for it thousands of times in the crowd, and look back suddenly, it is in the deepest part of your heart!