Accept any situation that occurs in the market with an entirely open mindset - Web3 cryptocurrency exchange platform

Excellent traders,

The mindset for trading is always “the unity of person and sword,”

there’s no need to deliberately do anything.

Just like a trading master once said: "When you’re struggling,

struggling,

forcing yourself to make a trade,

you’re wrong,

it’s disharmonious.

The best trades require no effort."

Regarding trading psychology,

Douglas’s “Trading Psychology Analysis” is the most classic,

here’s an excerpt:

1,

The difference between excellent traders and ordinary traders is,

they can be fearless,

hesitate not,

regret not,

without reservations,

and buy and sell with complete confidence in their decisions.

They can execute their plans with such confidence,

not because they have analysis systems that others don’t,

but because they have learned a special psychological skill,

that allows them to stay objective,

calm, and avoid reckless actions.

I call this state of mind the professional trader’s mindset.

2,

You must accept a fact,

that “anything can happen” in the market,

and you cannot predict everything accurately every time.

3,

Since you know it’s impossible to predict everything accurately every time,

it means acknowledging your smallness and ignorance,

so you will give up trying to predict frequently.

4,

Since you give up predicting,

at every “moment,”

you are always prepared to face the “various possible changes” in the market.

In other words, you calmly accept the market’s risks,

like fishermen revering the sea.

5,

Since you know trading involves risks,

and you truly accept the risks,

then the changes before you will no longer scare you,

you can calmly accept any extreme fluctuations in the market.

6,

Since you clearly understand that “anything strange or exaggerated” can happen in the market,

you will develop an “open mind,”

willing to accept everything in front of you.

7,

This “completely open mind” is the lifelong goal of our trading career.

If we can observe the market without prejudice,

without attachment,

without restrictions, and with objectivity,

we can see things we couldn’t see before! And these things are very likely the truly valuable insights in the market.

8,

If your mind is polluted,

you won’t be able to review the market with a “completely open mind.”

So what you see or hear is very likely garbage,

blinded eyes,

unable to see the truth.

9,

If you accept risks like a winner,

when you see any market behavior,

you won’t feel threatened; if nothing threatens you,

there’s nothing you should fear; if you fear nothing,

you don’t need courage; if you don’t feel pressure,

why do you need an iron will?

10,

Our minds often automatically and unconsciously cause us to avoid,

block, or rationalize market information that we think is impossible.

If we believe anything can happen,

then the mind won’t avoid anything.

This belief becomes a force that amplifies our perception of the market,

allowing us to see information that was previously invisible.

11,

Traders strive to create certainty in places where there is no certainty.

Ironically,

if they fully accept the fact that “certainty does not exist,”

they will create the certainty they love,

which is the absolute certainty that “certainty does not exist.”

After reading the above points,

we can clarify several facts:

① After buying stocks,

no one can know what will happen next,

and there’s no need to know;

② Viewing the market with an open mind that “anything is possible,”

helps us understand that all outcomes are reasonable,

and the market is always right;

③ Since the market is always right,

when our views conflict with market trends,

we must abandon our own opinions,

respect the market,

and follow the market;

④ We cannot trade based on our opinions,

we must trade on “facts”;

⑤ Trading mindset and trading model systems,

are the core factors that determine long-term trading success,

and are key to resisting market risks,

technical indicators only serve as auxiliary tools

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