The legendary woman who was reborn from the ashes
Chapter 44 Bad Habits in Trading
In the trading arena, bad habits are like tigers lurking in the dark, ready to ambush traders on their way to success. Every trader, whether a novice or an experienced trader, will face various challenges of human nature.
Greed makes people unable to stop in the face of profits; fear makes people timid in the face of losses; impatience for quick success makes people ignore risks and blindly pursue short-term interests; overconfidence makes people have illusions about market trends and ultimately pay the price.
These bad habits have happened to Jiang Juan to a greater or lesser extent.
Jiang Juan knows that in order to stand out in this transaction, she must hone her will like a swordsman and cut off the shackles of these bad habits. In addition to the previously mentioned lack of concentration and excessive focus on short-term fluctuations, there is another bad habit that is particularly common - over-trading.
A trader buys and sells stocks frequently within a day, hoping to catch every profitable moment. However, this practice not only increases transaction costs, but may also miss greater profit opportunities due to frequent operations, and even make wrong decisions due to psychological pressure.
To overcome this bad habit, investors need to wait patiently like hunters, and only act decisively when the prey is within range and meets our trading strategy.
In addition, Jiang Juan was too superstitious about certain technical indicators, thinking they could reveal the secrets of the market. However, the market is ever-changing, and no indicator or forecasting method can be 100% accurate.
You should analyze various information comprehensively like a detective, use a variety of analysis tools, and form your own trading strategies and judgments.
Secondly, the impact of market sentiment should not be underestimated. When the market fluctuates violently, Jiang Juan often loses her mind due to panic or greed, blindly follows the trend or panics out. In order to deal with this situation, we should control our emotions like the captain, stay calm and rational, and stick to our trading plans and strategies.
It is not easy to correct these bad habits and it requires traders to make continuous efforts and patience.
First, we need to formulate clear trading plans and strategies, and carefully plan our own trading blueprint like an architect.
This includes setting clear trading goals, assessing your risk tolerance, and gaining a deep understanding of the market.
Second, we need to establish a strict stop loss and take profit mechanism to protect our principal and profits like a goalkeeper. By setting reasonable stop loss and take profit points, we can effectively control risks and ensure that we can remain calm and rational when the market fluctuates.
Third, we can use some tools and methods to help us correct bad habits. Record your own trading behavior and reflect on it, record your trading experience and lessons. By reviewing your own trading records, you can find out the mistakes and bad habits that you are prone to make in trading, so as to make targeted improvements.
In short, it is not easy to succeed in the trading arena. However, as long as we face up to and overcome the weaknesses of human nature, abandon bad habits, keep a clear mind and firm belief, we will surely stand out in this market full of challenges and opportunities and become a true trading master.
In the world of trading, every tiny shortcoming may become a stumbling block to your success. However, these shortcomings are not insurmountable obstacles. As long as we have the courage to face them and actively seek improvements, we will be able to overcome these difficulties.
Just like Jiang Juan, an ordinary trader who once failed in trading due to being too greedy, but Jiang Juan chose not to escape or be discouraged, but firmly embarked on the path of self-improvement.
Jiang Juan began to read the works of trading masters and draw nourishment from their wisdom. She signed up for a trading training course, humbly asked the instructor for advice, and drew wisdom from the instructor's experience.
Jiang Juan constantly hones her trading skills and improves her sensitivity to the market. At the same time, she also learns to control her emotions and avoid making wrong decisions due to impulse.
During the trading process, Jiang Juan always insisted on reflection and summary. After completing each transaction, she would carefully review the entire process and analyze the reasons for success and failure. This reflection allowed her to gradually realize her shortcomings and try to improve them. Jiang Juan also established a strict stop-loss and stop-profit mechanism to avoid taking extreme actions due to greed or fear.
In addition to skills and knowledge, Jiang Juan also pays great attention to maintaining a healthy lifestyle. She gets enough sleep and exercises every day to ensure that her physical and mental state is at its best. This state allows her to be more focused, calm and rational during the trading process.
It is this kind of hard work and persistence that has gradually transformed Jiang Juan from an ordinary trader to an excellent trader. Her trading performance has also improved, and she has become the envy of many people.
Therefore, most traders can become excellent traders like Jiang Juan. By constantly learning, reflecting and improving, and maintaining a healthy lifestyle, I believe we will be able to succeed in the world of trading!
On the road to success, with firm belief and enterprising spirit, ride the waves in the ocean of trading and reach the other side of your heart.
At present, Jiang Juan stands on the big stage of trading, like an experienced trading veteran. In the complex market, she is calm and at ease, and her trading is smooth. Jiang Juan can do this not only because she has mastered trading skills, but also because she can always adjust to the best state when needed. The reason why she can maintain this state is that she attaches great importance to the balance of body and mind.
When most traders are busy watching the market and placing orders, Jiang Juan will take a break from the day, sitting around a cozy dining table with her family, or taking a leisurely walk in the park with friends. These seemingly ordinary moments provide her with precious opportunities to relax and decompress. This well-balanced lifestyle makes her more calm and confident when trading.
Of course, it is not easy to reach the level of Jiang Juan. Bad habits in trading are like cunning opponents, always ready to attack you. As long as you have determination and patience, you will be able to defeat them. Like Jiang Juan, keep learning, reflecting, and making clear trading plans and strategies for yourself. At the same time, maintain a healthy lifestyle to fully nourish your body and mind.
When you stand at the top of the trading market and look back at the hardships and efforts you have made in the past, you will understand that it is all worth it. Because you have not only learned how to trade, but also learned how to become a better person. This is why trading brings us not only financial rewards, but also spiritual growth.
In Jiang Juan’s growth process, I see the shadows of you, me and her.
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