I often say that it typically takes a trader about five years to just get started on their own.
Those who make profits in the short term are generally making money by luck, and in the end, they will lose it back through their own abilities.
Back in the day, when I first started trading, I also had the experience of doubling a small account in one day. At that time, I was very proud and began to take out a calculator to see how long it would take to go from tens of thousands to tens of millions. At that pace, I believed I would soon reach the peak of life, but the result was a harsh slap in the face, leaving me with a debt of more than two million, which took me many years to climb out of...
Interested friends can read an article I wrote on my public account: "How Do Traders Get Through Their Most Difficult Times?"
It introduces my own journey in trading, which is actually quite similar to most people's trading paths.
A trader, no matter how long he has been trading or how many years of losses he has experienced, as long as he has a lucky opportunity to accurately catch a major trend and firmly hold on from the beginning of the trend until it ends.
Once such a trader successfully seizes such an opportunity and ultimately makes a big profit, his trading experience and mentality will be greatly enhanced and changed, as if he has undergone a sublimation and baptism of body and mind.
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To successfully seize such a major trend, a trader needs to have a firm character, strong willpower, and accurate judgment. These qualities are not achieved overnight but require the trader to continuously hone and accumulate through long-term trading.
Sometimes, some traders may feel that they can master trading skills through learning and reading, but real trading experience often comes from exploration and reflection in practice.Futures trading is a high-risk activity with unpredictable market changes, and one cannot afford to be complacent at any time. Traders need to maintain vigilance and caution.
The mindset of trading and the status of one's account often swing like a pendulum, with ups and downs. When the account is at a profit peak, do not become overly complacent and smug; when the account incurs losses, do not become overly depressed and disheartened.
How long does it generally take for a trader to achieve stable profits?
Everyone has different levels of understanding, and the time required varies. The process of enlightenment in trading is nothing more than reading thousands of books, traveling thousands of miles, meeting countless people, and having a good teacher to guide you.
I started full-time trading from the beginning, and I believe that since I was admitted to a key university, my intelligence should not be low. However, it was not until the seventh year that I began to slowly make a stable profit.
To achieve stable profits in trading, what issues do you need to address?
1. Recognize that the market is uncertain and trends are unpredictable. Do not focus too much on the entry point, as entry is merely the beginning of a trial and error process. Only when you truly accept this can you be said to have entered the door of speculative trading.
2. After entering the market, you must be able to "cut losses short and let profits run." When your position incurs a loss and reaches your stop-loss point, can you stop the loss in time each time? After making a profit, can you patiently hold on and let the profit run, even if it means watching the paper profit give back and potentially turn into a loss?
3. You also need a good money management rule that allows you to trade with a light position and low risk, protecting your account so that it can survive and wait for the market conditions that are right for you.4. Avoid over-optimizing your trading system, recognizing that there is no perfect trading system in the market, only systems that best match your own risk preferences.
5. Consistent execution. Once you have established a trading system, the rest is to execute your trading rules in one go. Only by adhering to consistent execution can you allow your trading system to continuously output its advantages over the long term.
Share some things I knew before you in trading: many things, many truths, can be understood after trading for a long time, but society is about who understands first. Understanding early and late leads to different destinies.
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