Ruan Yuming, Jin:8.23How to overcome fear in investment?

Unplanned investments are called puzzles, planned investments are called blueprints, untargeted transactions are called wandering, and targeted transactions are called navigation!Bees are busy all day, and everyone loves them. Mosquitoes run around all day, and everyone shouts and beats them!So in the market, whether you are busy or not is important, and what you are busy with is important!Tourism requires a tour guide!Investment definitely requires a reliable mentor!

goldinvestment

When encountering

Gold Price

When there are significant fluctuations, one often feels panicked, which can seriously affect one's judgment.

Investors' fear generally stems from two psychological factors:

Fear of open positions and fear of short positions,The two have different forms of expression,But fundamentally, it's all the same,It all stems from a lack of confidence,Originating from growing self doubt. At the beginning of entering the market,Always wanting to win and afraid of losing,When making money, I just want to run for one or two points,When losing money, they always carry the bill. This kind of fear of winning and losing will make you suffer a lot,The losses are severe, so how can we overcome this fear?

When investing in gold,

Everyone should place an order or make an analysis when they are confident and have a positive mindset

If we are restless, it will disrupt our thoughts and definitely lead to errors in our analysis.

And then stop loss is something we must set because in the event of unexpected market conditions, we cannot control the risk

If we don't have time to close our positions, we definitely won't be able to make money. If there is an inability to determine the market situation, such as after a new high, when the gold price is too high and the market expects a pullback, but is also afraid of a pullback, everyone must remain calm. You can first reduce your holdings or sell all of them, choose to wait and see for a good opportunity to enter the market.

Many friends have this question:

My simulated trading is always much better than my actual trading. I believe the answer lies in a simple fact, which psychology has the upper hand, whether it is the desire to win or the fear of losing. In simulated trading, there is only a desire to win. In actual transactions, the fear of losing mainly plays a role. One of the potential reasons for the excessive dominance of the fear of losing mentality is that speculators often engage in excessive trading, both in terms of their holdings and the balance of funds in their accounts. It is important for traders to control and overcome the impulse of over trading or holding too many orders.

So when trading, adjusting your mindset is the top priority.

writing/Ruan Yuming Gold Free guidanceVLetter:Warmeier