One day, when I attended the seminar of Technical Analysis Association in 1996, I opened my notebook again, which was full of valuable things of all the speakers (generally more than 20). When I was stroking this special notebook, I remembered a consensus reached by most delegates attending the meeting: to succeed in trading, it is very important for a trader not only to know more about the market and use trading tools, but also to know himself. This is a part of the whole system (but sometimes more prominent), which is the so-called "trading psychology". I admit that when I entered this fascinating industry, I had doubts about trading psychology. My mind at that time was mainly focused on understanding the market and operating technical analysis as much as possible-and my trading psychology and emotions would let nature take its course. However, when I learned more about the market and transactions, I realized the great role of human nature and psychology.

The following are some valuable experiences about trading psychology that I extracted from my notebook. I hope one or more of these words can help you better understand your trading psychology and its importance in the market.

Remember, being a profitable trader is a journey with no end. There is no perfect trader. Try to do better every day and enjoy the process. Instead of paying too much attention to the profit and loss value of your trading every day, it is better to devote yourself to learning technical analysis methods and improve your trading skills.

When you finish what you plan to do, encourage yourself to feel good and stick to your trading plan-whether it's profit or loss.

Don't get too excited when the transaction goes well, and don't get too depressed when it doesn't. Try to treat your transactions with a peaceful and professional point of view.

Don't take it for granted in the transaction. You are looking for the possibility of having an advantage, not trying to find rationality in the shadow of doubt.

Your experience will affect your view of the transaction. If your first trading experience is negative, it is very likely that you will not trade in this market for a long time-you may quit forever. Loss and frustration have a great influence on psychology, which will last longer than physical injury. If you are not knocked down in an unpleasant transaction, then this negative experience will not have much impact on you.

Training plays an important role in shaping traders' trading views. Real training can give you a glimpse of the market-but it doesn't guarantee success. Most of the knowledge you learned in college will not give you the details you need to be a successful trader. To succeed in trading, you must learn to seize opportunities that others have not seen, and you must find out what can lead to success from your own knowledge.

Conceit and success will leave you penniless. Success will lead to complacency and blind the real situation. The more you win, the better you feel about yourself and the more conceited you are. The joy of success is a gambler's anesthetic. Many times, gamblers will face losses once they are excited by interests.

Always remember that you are a person who can be responsible for your own profits and losses in the transaction. Don't blame the market or your broker. No matter what happens in the transaction, the loss is an indicator!

A successful trader needs to quantify, analyze and truly understand and accept risks. In every transaction, your tolerance and feelings for risk depend on yourself. Personal risk tolerance and preferred trading time window are specific. Choose a trading method that better reflects your preferred trading time window and risk tolerance.