One major problem I found in my trading is that I like to predict, or have strong expectations, which often leads to holding onto losing positions for too long.
Once you determine or assume that you know what the next change will be, you will automatically expect yourself to be correct. However, at least from a rational thinking perspective, what you know may only take into account your unique past, which may have no relation to the current actual market situation.
#交易 # liquidation #loss

The psychology of trading says this: I also feel it's true that "every trade is similar to flipping a coin, with a 50% probability. No matter what trade you are in, if you are right, it's just a matter of lucky bias in your favor. If you are wrong, it's also normal; this is probability."

Market information is only threatening when you expect the market to do something for you. If you do not expect the market to prove you right, you have no reason to be afraid; if you do not expect the market to make you profit, you have no reason to fear losses; if you do not expect the market to move in the direction you anticipate, you have no reason not to profit; finally, if you do not expect to take advantage of every opportunity you see or that the market presents, you have no reason to fear missing out on opportunities.
#btc

The harsh reality of trading is that the outcome of each trade is uncertain. Unless you learn to fully accept the possibility of uncertain outcomes, you will consciously or unconsciously avoid the possibilities you define as painful. In this process, you will encounter many painful costs that you have created yourself.

The difference between long-term trading profitability and others lies in their unique mindset: strong discipline, high focus, and most importantly, the ability to maintain confidence in adversity.