I would like to ask all the predecessors who have landed, what is the last stage

2024-05-09

I cannot speak for others, but for myself, the final hurdle to achieving consistent profitability was to let go of all my reluctance and reach a state of contentment and happiness.

Let me first describe what a state of contentment and happiness is like:

1. Trading can achieve stable profits, but there is no pursuit of windfall gains, and there is a deep satisfaction with the level and state of these profits.

2. Once a market is chosen to participate in, there is no wavering due to greed. For example, if one chooses futures or forex, they won't be tempted by a recent surge in A-shares, nor will they be restless because of news of the cryptocurrency market multiplying by hundreds of times. They also won't feel that their chosen market is not worth it and want to switch just because it's in a slump recently. It's like one's own child; they always think their child is the best and are very content.

3. For the trading instruments one has chosen, there will be no arbitrary changes. No matter which market one is in, there will be ups and downs. Some instruments may not be traded by oneself but have significant short-term fluctuations, yet one remains unmoved, understanding that the profits in hand are one's own, and no matter how good others' are, they are still others'.

4. There is a loss of desire to explore the "advanced technologies" in the market. Technology evolves quite rapidly, and different trading or quantitative technologies will emerge online after a while. However, I understand that whether the technology is high-end or not is not important; what's most important is that it can help me earn money stably, so I just focus on my own system.

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5. Do what needs to be done, without comparing oneself to others, and not caring about others' evaluations. On the trading journey, one will always encounter many people who have higher win rates and greater profits than oneself, but one never compares oneself to others. Instead, one focuses on doing every trade earnestly, cutting losses when wrong and taking profits when right, and not discussing market conditions with others, only trusting one's own judgment.

This is the state of contentment and happiness in my trading. To describe it with a phrase from the "Analects of Confucius," it would be "to act according to one's heart's desires without overstepping the bounds."

So, how can one let go of all reluctance and reach this state?

Actually, it took me many years to reach this state, and during this process, there were times when I hit rock bottom, as well as times when I was at the peak of trading.After being honed by trading for so many years, you may feel that your desires are gradually diminishing, and the "addiction" to trading is also decreasing year by year. When I truly began to implement my trading system in its entirety, I found that I was getting closer and closer to seeing the essence of trading, until I saw it clearly, and finally, I was content with making the money I could earn without any grand desires or demands.

I started trading 11 years ago, with very high expectations and ambitions, thinking that trading was a fast way to make money and that I could quickly achieve financial freedom through it. At that time, I imagined myself traveling the world with a laptop, and whenever I needed money, I would just trade a few times on the computer and earn some to continue my journey. Now, those thoughts seem quite laughable.

As for trading techniques and indicators, it was only after I had almost lost all my money that I began to consider building my own trading system. I was very obsessed with various trading techniques and indicators, and as soon as they didn't work for a short period, I would quickly switch to another, always thinking that I hadn't found the Holy Grail in trading, which is why I couldn't make a profit. However, I never really considered whether the Holy Grail in trading even exists.

For about two years, I spent my time in this almost paranoid state.

Later, after I had lost all my savings, sold my car and house, and paid off my debts, when I was living in a rented house, it felt like time had reversed many years. The hardships I endured in Africa and the confused days I spent trading over the years seemed as if they never existed.

After that, I went through a long period of not trading, not seeing people, and focusing on reading and exercising. I slowly studied the trading system, and my expectations for trading returns shifted from doubling and redoubling to just making a little money for living expenses. My requirements for the success rate and profitability of the trading system were also significantly lowered.

Now, my trading return requirement is around 40% to 60% per year, but at my lowest point, I thought that around 10% would be satisfactory. Later, as my mindset improved and my capital increased, I gradually optimized my trading system and increased my risk appetite.

When my desires and demands decreased, I suddenly realized that trading is not difficult at all. Holding positions is not that hot, making some money is not that exciting, and losing a little is not that painful. After a period of time with gains and losses, having a surplus makes me happy.

So when I see this question asking what the most important hurdle is before getting ashore, I immediately think of my past experiences.

I used to be unable to accept the existence of losses, but now I think it's normal to have both wins and losses. I want to pursue the optimization of probabilities and the final result of profitability; I used to want to make a lot of money quickly, but now I realize that behind big profits are big losses. Investment definitely requires capital, and betting big with small stakes is gambling. Only through small positions plus compound interest can we ensure absolute execution and stable wealth growth.Please provide the text you would like translated into English.

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