Many people approach the issue of mindset by engaging in self-cultivation or seeking refuge in monastic life, which is not advisable.

The so-called mindset issues are essentially cognitive problems. If your understanding of trading is comprehensive and you perceive the underlying truth in every aspect of trading, then there would be no mindset issues.

If you want to make a profit in trading, you must achieve the unity of knowledge and action. The lack of unity indicates that your cognition is not yet adequate, and your understanding of trading is insufficient. No matter what you do, you will still incur losses, and it's not a matter of mindset.

Some people read my articles and feel that they understand the principles, but they cannot strictly adhere to them in actual trading processes. Then they attribute it to their mindset issues, when in fact, they have not truly understood.

Character determines destiny, and mindset is a reflection of your character. To change your destiny, you must first change your character, which is the most difficult part, hence why people often find it hardest to conquer themselves.

The key to successful trading is to analyze yourself, understand yourself, and find a trading system that suits you.

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No matter what kind of personality or mindset you have, there is a solution: truly recognizing the truth of trading.

For example:

1. Stop-loss:

When you truly understand that it's wrong to stubbornly hold onto losing positions and that not setting a stop-loss could lead to a wipeout in one go, regardless of your personality or mindset, you will naturally start to use stop-losses.2. Light Position:

When you truly realize that heavy position trading is wrong, and that a heavy position could be wiped out in one wave, regardless of your personality or mindset, you will naturally give up the illusion of short-term heavy position windfalls, and trade with a light position each time.

Control your position size and use leverage cautiously.

A position that is too large can easily lead to a trap of losses, and leverage that is too high can turn time into an enemy; both can significantly affect emotions and execution, and almost all significant losses are related to this.

3. Win Rate:

When you truly understand that the market is unpredictable, no matter who you are, you will no longer be fixated on entry, attempting to find an entry signal that is foolproof, and completely abandon the cycle of seeking a winning formula (each time you think this time it will definitely work, but each time you are proven wrong and start over).

4. Trend Trading:

When you truly recognize that trend trading is the only opportunity in the market that can make you profitable, regardless of your personality or mindset, you will naturally embrace the trend and no longer study the various bizarre strategies available in the market.

5. Execution:

It requires firm and consistent execution; it is better to incur losses than to miss out. Only with consistent execution, by leveraging the law of large numbers to output the advantages of your trading system, can you eventually have the possibility of making a profit.A successful trade involves creating a trading system with a positive expected return and then consistently executing it over the long term.

6. Simple and focused:

The ultimate truth is simplicity. A trading system that can yield long-term and stable profits must be straightforward. Avoid having too many variables in the system and resist the temptation to overfit. No single trading system can adapt to all market conditions. Out of the vast ocean, take only a ladleful. Be patient and wait for the wind to rise, then you can take off.

Focus on your trading system and your trading signals. Do not easily follow others or blindly trust so-called influencers, many of whom do not actually trade themselves; they are merely analysts.

Share some things I knew before you in trading. Many things, many truths, can be understood with experience in trading, but society is about who understands first. Early understanding leads to a different fate than late understanding.