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🔥Why is trading considered a form of practice? + Chart Interpretation of Chan Theory Article 23 👇
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1. The market situation is complex and changeable. How to simplify the complexities and find an outlet in uncertain market conditions is the key to trading.
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2. The path of trading involves stepping into many pitfalls. Trading must be practiced in a real market to improve skills; going against the trend, holding positions, liquidation, and doubling down must be personally experienced to truly understand.
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3. Transactions must overcome many barriers: technical barriers, system barriers, capital management barriers, emotional barriers, psychological barriers, and the unity of knowledge and action barrier. If one does not refine and improve oneself, it will be impossible to overcome these.
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4. There must be gains and losses in trading. It is impossible to catch every market trend, and you will definitely "miss out" on many trading opportunities. The most important aspect of trading is to stay focused, concentrating on the territory you are familiar with, and only earning your rightful share. Out of the vast waters, only take one ladle.
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5. Consistent execution of transactions is difficult. The consistent execution of transactions is the most challenging, as the temptation of luck will occasionally interfere, and without a certain level of inner strength, it is fundamentally impossible to achieve.
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🔥Trading behavior is a reflection of the trader, and through the myriad of trading appearances, it mirrors the different mindsets of the trader: greed, fear, obsession, and regret.
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Traders can only seek inward, cultivate their minds and nurture their character to find their true selves. Only in this way can they gradually emerge from trading.
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