Advice for Traders Who Have Yet to Reach A7
The market is always right; the wrong is always the self-righteous prediction. Respect the market when making money, reflect on yourself when losing; the market is the teacher, and the account is the exam paper.
Beware of greed during highs, and restrain luck during lows. True opportunities are often hidden in places that no one cares about, rather than when the crowd is vocal.
Loss cutting is not failure; stubbornness is the abyss. Discipline is the armor of trading, while emotions are the fuse for losses.
I have always liked what Bit Lang said: a wave of market, a trade, regardless of success or failure, in your long career, among millions of trades, it is just a drop in the ocean. Do not be elated by a single success, nor be overly distressed by a single failure. A calm heart is always the strongest weapon of a professional trader. When you become impatient, blind, fearful, and anxious due to market and asset changes, whether you profit or lose, you have already lost. The waves of the market will amplify your emotions infinitely, exhausting you before delivering a fatal blow. Trading is a venture with an extremely low success rate, and failing to execute it is akin to a life of liquidation with little chance of starting over. I do not wish to advise everyone to gamble recklessly in the market, or to even aspire to become a second version of myself; this is virtually impossible.