In life, we will encounter many setbacks, and many obstacles we can overcome. However, when we choose the path of trading, we find that there is one hurdle that is always difficult to surpass, known as unity of knowledge and action or execution ability. Its essence is "thinking but not doing." If you have already mastered this, congratulations, you have entered the ranks of the successful; if you have not yet achieved this, then this seemingly simple hurdle may become a lifelong heartache and regret.
Link: How to Achieve Unity of Knowledge and Action in Trading
Link: There Are Profound Reasons for Using Simple Trading Systems
Challenges in Trading
In trading, many people strive for profit, but the successful ones are always in the minority. Most people ultimately face losses and become failures in trading. There are many reasons for this, but one of the most important is that many people face the same common problem: insufficient execution ability. Ultimately, failure often stems from "thinking without doing." Reflecting on your mistakes in trading, isn't it precisely due to a lack of effective execution?
Trading is not complicated; simply put, it is "big fish eating small fish." Since opportunities exist in the market, you will choose to participate; otherwise, why trade? Every time you place an order, the market will inevitably generate trends and movements, but during the formation of trends, there will always be fluctuations and panic. These fluctuations, whether in profit or loss, will inevitably bring psychological gaps, with the wave changes from low to high and then from high to low being a process of wealth redistribution.
Technology and Execution Ability
In trading, moving averages are a commonly used tool by many investors. Every historical wave and every market movement follows the rules of moving averages. However, despite everyone knowing this, why do losses still frequently occur? The problem is not a lack of knowledge but a lack of execution ability. Even after experiencing dozens, hundreds, or even more losses, many people still fail to summarize the real issues. In fact, there are only two reasons for losses: entering a position when one shouldn't and not closing a position when one should.
Solutions and Mindset
In the face of this dilemma, some may think there is no way out. However, all solutions must be implemented into action. Even having heard many theories of success does not mean everyone can succeed. What truly matters is to take immediate action and manage your hands well, regardless of the reasons you chose to trade. From that moment on, your life is destined to be anything but calm. Before achieving stable profits, you will endure countless hardships.
In this process, you need to constantly assess your courage, resilience, faith, wisdom, and persistence. As long as there is a glimmer of hope and you still have funds, you can always find a way out. You hope to be rewarded for your past efforts and are unwilling to let everything go to waste. In days intertwined with despair and pain, you may experience countless sleepless nights, regretting your initial choices.
Persistence and Growth
You once thought you had found the key to unlocking the door to wealth, but in the end, you realized it was a dreamlike pursuit. Making money always seems just out of reach, leading you to doubt whether you are just a gambler. However, for you, trading is not just a profession; it is a lifelong pursuit. You firmly believe that your sincerity and persistence can move the heavens.
Although the market is cruel, as long as you possess enough skills, wisdom, and pursuit, you can still survive and grow on this path. Although the success rate is extremely low, those who ultimately succeed are still rare. In the face of reality, do you still have the courage to persist? Life is like walking on thin ice; can you reach the other side?
Through continuous reflection and summarization, we can gradually improve our execution ability and achieve success in trading.