Luan Jia Jin Zheng-Fei Yifei: How to shape a successful trading psychology by investing in gold

　　
Novice entrygoldIn addition to learning basic market knowledge and mastering basic methods of analysis and operation, shaping a successful trading psychology has greater significance in the market. The ancients said: Kung Fu is beyond poetry. In fact, psychological factors are often the key to becoming a winning general in the gold market. The psychology of successful trading includes the following aspects.
　　
　　1Winning without arrogance, losing without discouragement, a calm mind is fundamental. Gold investment is a long-term process. In this process, victory and failure always coexist and coexist. There are many opportunities in the gold market,Especially in the spot gold market, one can experience multiple successes and failures every day. Maintaining a calm mindset in the face of constant success and failure, not feeling proud after victory, and not discouraged after failure, is a crucial aspect of successful trading psychology.
　　
It's easier said than done. Most investors who start making money and later lose money often lose their composure. Investors who achieve long-term stable profits often develop a calm mindset. Especially when facing failure, a calm mind becomes more important.
　　
Maintaining a calm mind is a huge challenge. Investment is a long-term process, and maintaining a calm mindset in a short period of time is far from enough. What's important is persistence.
　　
　　2Not afraid of mistakes, but afraid of procrastination. It is crucial to admit mistakes in a timely manner. The self-esteem of ordinary people does not allow them to admit mistakes. Wrong, it's the instinctive reaction of most beginners to persist to the end. For an experienced trader with a successful trading mindset, admitting mistakes is as natural as breathing. Jesse. Livormer said:"If a person doesn't make mistakes, they can have the whole world in a month."The person who owns the whole world has never appeared, so there is no one who does not make mistakes. In the gold market, only those who dare to admit their mistakes and apologize in a timely manner can laugh until the end.
　　
Someone once made a statistic that among the majority of people who lose money, the actual number of times they make money is greater than the number of times they lose money. However, because making money often involves making small amounts of money, losing money often involves losing large amounts of money. One loss offsets many profitable transactions, which means that the final loss is often caused by one or two large losses, which is the main reason for most people's losses.
　　
The main reason for major losses is that after being caught, one does not admit their mistakes in a timely manner, perseveres to the end, and even continuously increases and spreads the losses, ultimately leading to the most common situation where the losses cannot be repaired. Therefore, not afraid of mistakes, just afraid of procrastination. Delaying and admitting mistakes is the root cause of losses, and timely admitting mistakes can help oneself get rid of passivity. This is another important aspect of successful trading psychology.
　　
Losing orders should not be left overnight, and some people use this principle to guide themselves to admit their mistakes in a timely manner.
　　
　　3Not only daring to lose, but also daring to win, only by balancing profits and losses can one make money by investing in the gold market, which reduces the stock marketfuturesThe disadvantages of insider trading and false information in the market make the trading environment more in line with the principles of fairness, impartiality, and openness. Profit and loss depend more on the operational level of investors, making it the most suitable place for individual investors to profit.
　　
But even in the gold market, the phenomenon of losing money is not uncommon compared to the stock or futures market. Analyzing the reason, it is still due to the inadequate operational skills of investors. Statistics show that most investors who suffer losses dare not win, winning small amounts of money and losing large amounts of money, ultimately resulting in losses after offsetting the gains and losses. Successful investors, on the other hand, lose small amounts of money and win large amounts of money, ultimately resulting in profits after offsetting the gains and losses.
　　
This is a trading psychology issue. Successful investors need to be both willing to lose and willing to win. They should not hesitate to operate just because of losses, nor should they be complacent when making small profits. Only in this way can they have a successful trading mentality.
　　
In fact, transactions are very simple, but the complexity lies in human nature. When an investor develops a successful trading mindset through long-term practice, making money in gold trading becomes an easy journey.