The psychological quality of a trade winner

2022-09-15 0 By

Instead of looking for more factors that contribute to the success of trading, traders can seek for themselves and recognize their own attitudes and states of mind to promote the success of trading.Clear beliefs and attitudes are essential to a winner’s mind, which means learning how to think in terms of probability.(1) You don’t need to know how you’re going to make money next, because no one really knows.(2) Anything can happen. The only certainty is that markets change.(3) Every moment is unique, and every advantage and outcome is a unique experience, so allow for error.1. Accept risk and Keep Faith Build a unique attitude that keeps us disciplined, focused, and confident in the face of adversity.The best traders not only accept risk, they embrace it and embrace it.Because of the transaction, you need to fully accept the risks inherent in each transaction, which is also the cost of the transaction.The best traders trade without the slightest hesitation or conflict, and exit without the slightest discomfort even at a loss.In other words, the inherent risks of trading don’t cause the best traders to lose discipline, focus or confidence.If you cannot trade without emotion (especially fear), you have not learned to accept the risks inherent in trading.Admitting that we were wrong and incurred losses is excruciatingly painful, and certainly something we want to avoid.As traders, however, we face both possibilities all the time.Once we learn to accept risk as a technique, no matter how the market works, we won’t feel pain.If the market doesn’t have the power to make you miserable, there’s nothing to avoid.The trader sees only probability and establishes an objective state of mind – not skewed, or distorted by your fear of what may or may not happen.Because markets are neutral, they do not control our interpretation of information, nor do they control our decisions and actions.The wrong attitude produces fear instead of trust and confidence.The best traders are not afraid.Not being afraid is because you trade in and out of the market as it offers you opportunities, and the best traders develop an attitude of not being flippant.To some extent, everyone is afraid.But when some people stop being afraid, they tend to be rash, impulsive, and the result of that rash is that they start to be afraid again.If you are afraid of making mistakes, your fear will lead you to misunderstand the market and make mistakes.You can’t learn enough to compensate for the negative effects of fear, and you can’t be objective and act without hesitation.In other words, there is no confidence in the face of constant uncertainty.A cold, cold trade is one in which every trade produces an uncertain outcome.Until we learn to fully accept the possibility of uncertain outcomes, you need to consciously or unconsciously avoid your definition of painful possibilities.Full acceptance of risk means accepting the outcome of a trade without mental discomfort or fear.There is no pain in defining and interpreting market information.When we no longer agonize over defining and interpreting market information, we also eliminate the tendency to rationalize, hesitate, jump the gun, hope the market will give you money, not cut our losses and hope the market will bail us out.Once fears are gone and there is no reason to be wrong, the result is that they literally disappear from trading.Automatically into a carefree state of mind.Eliminating fear is only half the battle.The other half is to develop restraint.Use internal discipline or thought-mechanical systems to counter the negative effects of overexcitement or overconfidence caused by a string of profits.The consistency we seek is in the mind, not in the market.2. Market analysis does not Solve the fundamental problem It is not that we do not need market analysis, however, market analysis does not lead to consistent results.It does not solve trading problems caused by lack of confidence, discipline or improper focus.Confidence and fear both come from our beliefs and attitudes, but also from contradictory thoughts.Confidence requires absolute belief in yourself, even when you’re going to lose more than you ever thought possible.However, you cannot have this confidence if you have not trained your mind to handle thoughts that are not consistent.Learning how to analyze market behavior will not achieve the ultimate purpose of the trade.Everything needs attitude to win.A lot of people understand that, but at the same time, a lot of people don’t understand the importance of attitude to results.Most people mistakenly believe that a major change in perception of the market is the key to success, when in fact a fundamental change in attitude is the key to success.The market is not responsible, it is simply acting on the principles on which it was set up.If we find ourselves blaming the market, or feeling betrayed, any kind of blame, it means we haven’t accepted that the market doesn’t owe you, no matter how hard we try, no matter how hard we try.Taking responsibility means being sure that all results are self-inflicted, that trading results depend on understanding the market, and that you accept the results of your decisions and actions.There are two main psychological barriers to success if you do not fully accept responsibility.First, you develop an adversarial relationship with the market and miss opportunities for consistency.Second, you mistakenly believe that market analysis can solve trading problems and failures.You can’t prevent pain by avoiding loss.Markets generate patterns of behavior, and patterns repeat themselves, but not all the time.So again, there is no possible way to avoid losses or mistakes.Failing traders focus on trying not to make mistakes, and the harder they try, the more mistakes they make.The market has chance, again excellent trader also has the possibility that makes a mistake, also have to do wrong time, we want calm face, take the initiative to undertake.Instead of focusing on making money, focus on avoiding pain by preventing the market from hurting him again.In other words, the more he wanted to win and not lose, the less tolerant he was to information that might benefit him.The more information he has the ability to block, the fewer opportunities he can see in his favor.That is, focus on what attracts you and don’t let past losses shackle future deals.Each transaction is a new beginning, do not let fear, to prevent the market hurt themselves, resulting in missed opportunities in front of the opportunity.Learning more and more market analysis to avoid pain creates complications, because the more you learn, the more you expect the market to do, and the more painful it will be if the market doesn’t do it.We unwittingly create a dangerous vicious circle: the more we learn, the more exhausted we become;The more tired I am, the more I feel the need to learn.Ultimately, the worst result of not accepting responsibility is a cycle of bitterness and dissatisfaction.The answer is to get more market information.Learning is always good, but if you don’t take responsibility for your attitudes and opinions, you’re learning for the wrong reasons and using what you’ve learned inappropriately.If this is not realized, knowledge is used to avoid the responsibility of taking risks.In the process, you create what you’ve been avoiding, a cycle of pain and dissatisfaction.3. Learn to think in probability and build good expectation management. When starting to take advantage of opportunities, do not place any restrictions or expectations on market behavior.As the market moves along, it creates opportunities that you define or perceive.You take those opportunities and try your best, but you’re independent of what the market is doing.Once you accept risk like a professional trader, you don’t feel threatened by the market.Very few people start trading with the right beliefs and attitudes about responsibility and risk.We must view the market in an objective manner and refrain from misinterpreting it.There must be no pressure or hesitation in trading and a positive attitude to overcome the negative effects of overconfidence or excitement.The core goal is to form a trader’s mind.Trading begins with seeing an opportunity.If we don’t see an opportunity, there’s no reason to trade.As traders, we can’t obsess about “I know what the market will do” or what the market will do next.Because for any variable, even if you think it’s an advantage, the distribution between wins and losses is random.We can’t predict the order of wins and losses, and we don’t know how much money we’ll make.This fact shows that trading is a game of probability or numbers.Once you believe that trading is a game of chance, the concepts of right and wrong, winning and losing, no longer matter.Proper expectations do not interpret market definitions as painful or threatening, and effectively neutralize the emotional risk of trading.4, to maintain the consistency of the strategy objectively confirm the advantage, which is the result of long-term experience summary, but the advantage is not completely correct, only represents a high probability, therefore, before each transaction, we need to measure the risk in advance, prepare for mistakes, fully accept the risk, or give up the transaction.Trade according to advantages without any reservations or hesitation, avoid associations, especially the influence of recent transactions, and remain independent and objective.At the same time monitoring the possibility of making mistakes, from the discipline of restraint, will never violate the rules.