As a trader, how can you train your mental endurance?

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Trading psychology is actually a very complex subject. It should be said that subjects related to human nature have a certain degree of complexity and dialectics.

Trading is actually a chain of links. If you do not realize the profound impact of human nature on trading and its results, then there is a high probability that you will be out with a loss in future transactions.

Loss is actually not terrible. What is terrible is that there is still no objective, fair and comprehensive analysis during the review afterwards.

For novices who are new to the market, which one is more important, technology or mentality?

This is a topic that may never be avoided. The important thing is not the technology, but the belief in trading. Of course, being a supporter of technology does not deny the role of technology in the market, but we must look at trading objectively.

The vast majority of traders come here to make quick money. They are like empty-handed wolves. Think about it, they are already empty-handed. What skills and mentality are needed? ...This will cause people to deviate from the way to make money and choose to take "shortcuts." As for whether they can make money, that is a matter for the future.

Details determine success or failure, and attitude determines destiny.

The same is true in trading. A trader's mentality is often determined by his or her own values, and each person's life values are developed from childhood and acquired through experience. Therefore, the trading methods of some of our traders are more like a condensed portrayal of their own lives, or everyone's trading system has some of their own life trajectories.

Objectively speaking, if trading is indeed a craft, the quality of the craft can directly determine whether the "handicraft" produced is defective.

There is a difference between "reckless doing" and "doing it methodically". There are methods and reasons to be found in any field, and I believe there are no exceptions to this.

Remember not to be too impatient in the early stages of trading. Don’t forget that you are just a newcomer. As a trader who wants to survive in the market for a long time, you still need to give yourself a certain amount of flexibility and time. After all, it proves that long-term profits are not a short-term thing.

Here are a few common mental issues that can help you:

Under the condition that your own trading methods are relatively mature,

(1) Place orders not in accordance with trading rules or indiscriminately.

(2) I want to place an order every time I open the trading software.

(3) I always feel that if I don’t trade at all times, I will miss the big market trend.

(4) After a slight floating profit, you will be afraid of a slight correction in the market and want to close your position immediately.

(5) Facing missed opportunities, I feel angry and unwilling, always wanting to pursue them.

(6) You hit the stop loss that was buried or set in advance but you don’t believe it, thinking that you can come back if you resist.

(7) Always eager to make back previous losses.

(8) It is easy to be influenced by traders or friends around you, and what others say will be whatever you say.

(9) When trading loses money, keep blaming the market and never looking for reasons in yourself.

The biggest misunderstanding in trading is "what if".

Many immature traders always fall into the trap of self-delusion. When they trade, they often imagine that if I intervene in the correct market early, I may make 50% or more more profits.

Although it is difficult to develop a good trading mentality, it will be beneficial to our future transactions, and it will also be beneficial to manage our funds later when we increase the amount of funds; although bad trading behavior will make you very happy in the moment, But it is accompanied by long-term pain and repeated suffering, and the final result can only be a loss.

You see, there are actually many questions and logic behind a simple decision and operation. Since we can form our own trading system through many years of trading experience, it proves that our trading logic is compact and reasonable. If it is unreasonable, It is necessary to adjust the trading method in a timely manner and not to place orders blindly.

What you need most is deep thinking about trading.

Thinking is a valuable behavior for traders, and it is also the freest way to improve one's level.

We actually make orders with our eyes closed most of the time, and the improvement of transactions without repeated consideration and summary is close to zero, or even negative growth. Only by continuous learning and summary, the longer your trading level improves, the faster it will be.

Only by learning to think deeply can you know which stage of trading you are currently in, and then you can reasonably analyze how funds should be used and how to utilize the existing trading strategies in hand.

In fact, the problem of mentality will definitely accompany the entire transaction process, but as traders, we cannot abandon human nature, and there is no need to abandon human nature. Well, you can't avoid the psychological ups and downs, so don't have any delusions.

If you think that your trading will be completely free from interference and influence of mentality, this is impossible and not objective.

What we ultimately have to learn is to live in harmony with this mentality. When emotions rise and fall, you just need to know that the emotion is coming and don't let it control your thinking and behavior. This is the key to profitability in trading.
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First enrich your trading experience, and then you can think calmly
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You need to read this article carefully, it will definitely be of great help to you
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