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What is the biggest fear in contrarian trading?
The biggest fear is that you become obsessed with your target 🎯.
You know that the overall bear market trend has not changed yet,
so you also know that any rebound
target prices can be abruptly halted by the trend at any time.
But your ( position ) determines your mind,
your subjective bias will eventually overcome reason,
that is human nature.
Because most people, when executing contrarian trades,
are thinking not about risk but about winning chances.
1. Overly strong sense of target = refusing to cut losses.
2. Subjective bias = ignoring the big trend.
3. Pride = always wanting to prove the market is wrong.
Trading is a game of logic, not a contest of willpower.
In the face of the trend,
targets are just references; liquidity is the real thing.
You can go against the wind for a while,
but never think you can break through this wind.