What is the biggest obstacle on the trading road?

I am a short-term player, so I will only talk about short-term trading.

Many people have never lost money; I mean they have never clearly, accurately, and calmly lost money. They haven't noticed the similarities between each loss and haven't accurately identified the connections before losing money.

They are unwilling to admit losses, thinking that they can earn back the next time after losing. The word risk means loss; to bear risk means to bear loss. Many people place too much importance on earning and not enough on losing. One should know that the potential earnings are limitless, but the losses are finite.

You should make money from profits, not from the principal. The market is infinite. When facing something infinite, you can only use your future potential unlimited profits to face the infinite, truly making money from potentially unlimited profits, rather than using limited principal to earn. The principal is not meant for making money; it can be said that the principal is just to create a so-called profit cushion.

The principal only allows you to start, to ignite the fire, but you do not run the car with just the spark; you do not run the account with the principal; it is the market or potential profits that operate the account. The principal is actually not important.

Does the market have a so-called holy grail?

Some people cannot conceive a viewpoint; at every order position, there is an equally smart person, or even smarter, opening a reverse position. The market moves in the direction of least resistance, and there is always resistance in the market. Even in a good upward trend, most of the time it does not surge up with consecutive bullish candles; there are often overlapping bullish and bearish candles. Why do bearish candles appear even when the uptrend is strong? No matter how good the rise is, there are people shorting and people selling. If I buy and have floating profits, I will sell when the market rises, hoping to execute my order in a fierce or even extreme market.

The market always has resistance; at every position, there are people going long and short, and everyone's intelligence is not vastly different, so there's no need to be overly confident or depressed.

Wen Jing focuses on ambushing Ethereum contracts; the team still has positions to quickly board at #Ripple拟建10亿美元XRP储备 $ETH