Trading is an industry of admitting mistakes. Why do ninety percent of people fail? Because people are unwilling to admit their mistakes.
People like to be stubborn in their opinions. Many things, after they happen, can pass if one reflects and admits a mistake; this can elevate one’s perspective in an instant, allowing for daily renewal.
In college, it is said that a gentleman is like cutting and polishing, like carving and grinding. To put it simply, it means he looks for his own faults every day, quickly admitting where he has done poorly. If it’s wrong, it’s wrong; there’s no need to stubbornly resist.
A gentleman recognizes his mistakes; he reflects on himself three times a day. Three reflections are not enough; he constantly examines and introspects himself.
Look at Zeng Guofan's path of growth; he did this through keeping a diary, reflecting on himself, being cautious in every word and deed, trembling as if walking on thin ice. To act freely without overstepping boundaries, one must be vigilant at all times.
Cautious solitude means consciously raising awareness. Many people are unconscious, living according to habits, and when encountering issues, they can't turn around, still acting according to their tendencies of greed and fear.
What is our first reaction when we make a mistake? It’s to find a way out for ourselves, to make excuses, unwilling to say a word of 'I'm sorry, I was wrong.'
A mistake is a mistake, knowing shame is close to courage. The ancients said this, and it is truly sincere. Because only by working hard at the fundamentals will you not be accustomed to making excuses for yourself next time, but will first ask yourself: What was wrong? Where did I go wrong?
Many people feel that admitting mistakes is shameful and embarrassing. In fact, this is great courage. Others admire you; even if they don't, it doesn't matter. What matters is that you are revolutionizing yourself.
So after saying so much, trading is actually a practice. Trading is a test of your ability to admit mistakes.
Resisting error means not admitting mistakes, making excuses, with a bunch of excuses in your mind, a pile of delusions, dragging your feet, unwilling to face it, and in the end, this small mistake turns into a big one, causing deeper harm.
Admitting mistakes is denying one's own attachment, but who is willing to deny themselves? If you say something harsh, it’s like turning against you; years of feelings can be severed in an instant. People are quite ridiculous; one moment they are swearing eternal loyalty, the next they wish to tear you to pieces. This is impermanence; it is attachment that causes havoc.
Every admission of a mistake is a denial of oneself. When you willingly admit your mistakes, you are breaking your attachment and accepting the present; this is rebirth.
So first learn to die, in order to truly live.
Great life and death, completely letting go of one's own obsessions; this is great death.
In trading, who is willing to admit mistakes? Look at life, think about yourself; when encountering issues, do you often evade the topic? This is the weakness of human nature.
The trading market is a magnifying glass. You think it's a market issue; in fact, it’s a human nature issue.
In life, who isn't defending their own obsessions? Most people are harmed by their own fixations.
So it is said that the awake are actually a minority. Look at who is willing to deny themselves, who is willing to reflect on themselves; this person won't trade poorly.
Admitting mistakes is a skill; don't think it's a weakness. Admitting mistakes is facing yourself directly. Many people lack the courage to confront their weaknesses, so they always avoid or deflect. This way, problems will accompany them for a lifetime.
Understanding the issues of human nature, you will know why in the trading market, so few can make a profit.
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