What is "thoroughly"? "Thoroughly" means to eliminate all trading systems that do not conform to your own, not to have any flukes or illusions, and to implement the trading system thoroughly and without compromise. But unfortunately, most losers are blocked here and cannot take another step forward. Even if they have a good trading system, a good mentality, and good wisdom, they will not work in the face of the temptation of interests.
Many traders have gone through years of trials, tried all kinds of methods, and experienced all kinds of losses, but still fail in the next operation. For them, failure is commonplace, chasing ups and downs without stop losses, and being impatient and uncalm. No matter how many rules are set, when they start to operate, they forget them all, and are controlled by the inner demons, kidnapped by greed and fear. When they end the operation, they regret it, repeating the tragedy day after day and year after year. Many people are destined to have no chance of success in trading in their lives. No matter how much they pay or how long they persist, they will never see the day of success.
Simply put, "thoroughly" means only making the money you should make, and never being jealous of the money you shouldn't make, and giving up everything. But every trader comes with the dream of getting rich. As long as it's money, they want to make it, as long as it's an opportunity, they want to seize it. They can't just sit there and watch a wave of market go by without doing anything. When the market comes, your impulse and fantasy will dominate everything. You just want to establish a position immediately without missing the opportunity in front of you, so that you can feel at ease, otherwise you will be in great pain.
If you still can't completely let go of those opportunities that don't belong to your trading system, and still look for success by luck, then you will never find success. Only "complete" abandonment, "complete" compliance, and "complete" execution are your only choices to success! No matter how long you have been trading in the past, how much money you have lost, and how much you have learned, as long as you are still losing money today, please remember that only "complete" success can lead to success, otherwise you will never get out of the vicious circle of failure. In order to avoid risks and clarify the rules of trading, it is appropriate to give up as much as possible. The least lacking thing in this market is money. Under the premise of controllable risks, even if your rate of return is very low, you will get considerable returns over time. On the contrary, even if there is a lot of short-term profit but the risk control is not in place, it is just a castle in the air. Without reliable execution, the operation will be deformed.
The operations I have experienced over the years, such as heavy positions, no stop losses, greed, blind entry, frequent operations, etc., are all things I only understood after experiencing them many times, but unfortunately I just don’t learn my lessons. Every time, I get liquidated because of one of these, and I feel angry, madness, pain, joy, happiness, desire and other emotions. You need to suppress all your emotions to be a successful investor. Therefore, the more profit you make, the older you are in your heart, and the more calmly you can face each operation.
Finally, let me summarize: the correct method does not necessarily lead to the best results, and the wrong method may also lead to occasional victories or even glory, but in the long run and overall, success must come from adhering to the correct habits and methods and constantly improving character cultivation.
