Abandon your own ideas and let the market guide you

1、

We all instinctively avoid pain.

The simplest way to avoid pain is to convince ourselves that this trade will definitely make money (delving into fantasies) or to find evidence that proves this trade will be profitable.

Regardless of the situation,

We cannot objectively understand the possible market trends.

2、

The comprehensive factors provided by the market environment are all deadly,

Traders must find ways to survive on their own.

Because the information provided by the market comes in many forms,

These forms can satisfy any trader’s fantasies,

Distortions, or expectations.

If a trader’s view is only filled with their own fantasies,

Distortions, and expectations,

Then the trader will often feel pain because their expectations frequently fall short,

This cycle will repeat,

Until you actively stop fantasizing.

3、

There are many factors that contribute to becoming a consistently successful trader,

One of which is letting the market tell you what it will do,

Let the market tell you where it is headed,

Where is the end,

Your personal beliefs about losses,

Mistakes,

Greed (never satisfied), and revenge,

Have nothing to do with market trends.

4、

At any moment,

Your previous trade’s profit or loss and the current market trend have nothing to do with each other,

When you believe you must recover your money,

Your relationship with the market becomes adversarial.

The market becomes your opponent,

You have no choice but to oppose the market,

You choose confrontation.

5、

As long as you disagree,

The market cannot take your money.

If you lose money,

Or lose more than you expected,

It means you handed your money over to the market.

6、

Letting the market tell you what to do next and giving up negative thoughts about losses,

Mistakes, and revenge on the market are directly related,

If you don’t realize this,

Most traders will view the market negatively.

7、

Stock trading is very similar to “Zen” practice,

All you need to do is stay in the present,

Neither worrying about future market movements,

Nor distressed by past mistakes.

8、

Investors should focus on the present,

Timely understand the new situations presented by the market,

No one’s prediction can always perfectly match the market’s true direction,

And,

For becoming a successful investor,

It is completely unnecessary.

In fact,

Trying to predict the market is a major reason for stock market losses among investors.

Because you preset your stance,

When the stock market diverges from your rational “conclusion,”

It’s hard to change your stance,

And even when the actual price and volume movements clearly indicate a countertrend mistake,

You will still do so.

9、

Livermore once said: “Investors don’t need to know the future development of the market,

Just need to know how the market is performing now.”

O’Neil also said: “The key to long-term profits in the stock market is not predicting the market,

But knowing what the market is doing.

Clearly understand and grasp the real situation of the stock market in the past few weeks,

And what is happening in the current market.”

10、

The core of these ideas is: how to eliminate emotional factors in investment routines.

Livermore believed,

Most investors who are deeply emotional in stock market operations,

Fail due to two major pitfalls: fear and hope.

When you invest with hope and fear,

You are also prone to confusion and often in a state of self-contradiction.

11、

Most people prefer lazy methods,

Relying on others’ advice is a common hobby,

They would rather spend thousands daily in the stock market,

Than systematically learn a trading system,

Even if it has been proven effective,

So,

Making money is out of reach for most people.

12、

Experienced investors’ judgments about the market,

Focus on the real situation recorded by the stock market,

As if it is a form of expression of thought: more precisely,

It is the collective thought of all traders,

Investors,

Bankers,

Funds,

Institutions, and other traders.

13、

Therefore,

Always remember,

Let the market tell you how to go,

Not your expectations

**$TAO **$PENDLE **$STETH **