When we were kids, our parents taught us to "work hard and strive for success," and when we grew up, they said, "diligence leads to wealth."
But in the trading market, this kind of "diligent" mentality can lead you into another misconception.
Look at the state of most people now, staring at the screen for more than ten hours a day. If they haven't held a position for half a day, they feel anxious, as if they have to trade back and forth in the market, thinking that if they don't take action, it doesn't count as work.
Do you think this is dedication? This is just continuously wearing down the market and sending transaction fees.
Trading and delivering food are two different things.
Delivering takeout is very simple; delivering an order earns a few bucks, and the effort and reward are linear and stable.
Trading is different; in this market, the more frequently you operate, the higher the probability of making mistakes, the more you do, the more you err.
In the animal world, lions spend 95% of their time resting and basking in the sun, only pouncing on prey at crucial moments. The crocodile lies in wait in the water, appearing only when the prey gets close. Running around all day? I've been starving for a long time.
The same principle applies to trading; most of the time, you just need to do one thing: wait.
Wait for a clear signal; before the signal appears, the wisest action is to remain still.
Doing nothing is also a form of operation.
In the market, a relaxed state is often the right one.
If you feel tired, anxious, or find that your efforts and rewards are disproportionate, it often indicates that you are headed in the wrong direction.
Learn to wait, precisely and patiently like a crocodile, not flailing around like a fly.
Preserve the principal, starting by learning to rest.
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Diligence does not equal making money.
When we were kids, our parents taught us to "work hard and strive for success," and when we grew up, they said, "diligence leads to wealth."
But in the trading market, this kind of "diligent" mentality can lead you into another misconception.
Look at the state of most people now, staring at the screen for more than ten hours a day. If they haven't held a position for half a day, they feel anxious, as if they have to trade back and forth in the market, thinking that if they don't take action, it doesn't count as work.
Do you think this is dedication?
This is just continuously wearing down the market and sending transaction fees.
Trading and delivering food are two different things.
Delivering takeout is very simple; delivering an order earns a few bucks, and the effort and reward are linear and stable.
Trading is different; in this market, the more frequently you operate, the higher the probability of making mistakes, the more you do, the more you err.
In the animal world, lions spend 95% of their time resting and basking in the sun, only pouncing on prey at crucial moments.
The crocodile lies in wait in the water, appearing only when the prey gets close.
Running around all day?
I've been starving for a long time.
The same principle applies to trading; most of the time, you just need to do one thing: wait.
Wait for a clear signal; before the signal appears, the wisest action is to remain still.
Doing nothing is also a form of operation.
In the market, a relaxed state is often the right one.
If you feel tired, anxious, or find that your efforts and rewards are disproportionate, it often indicates that you are headed in the wrong direction.
Learn to wait, precisely and patiently like a crocodile, not flailing around like a fly.
Preserve the principal, starting by learning to rest.