I realized a long time ago that the stock market has never been mediocre. It's designed to fool mostof thepeopleand most of the time.
There are two main emotions in the stock market, hope and fear. Hope is often caused by greed, while fear is often caused by ignorance.
In my opinion, being unable to control one's emotions is the real enemy of speculators. Fear and greed are always there. They are hidden in our hearts. They are waiting outside the market to jump into the market and make a big profit.
Hope is essential to the survival of mankind, but hope is the same as ignorance, greed, fear and twisted reason in the stock market. Hope conceals the truth, while the stock market only recognizes the truth. The result is objective and final. Just likenature, it will not change.
Successful traders must overcome these two ingrained instincts. He has to change what you call natural impulse. When he hashope, he should be afraid. When he is afraid, he should havehope. He must be afraid that his losses may turn into bigger losses and hope that his profits may turn into bigger profits. It is absolutely wrong to gamble on stocks like that, just like ordinary peopledo.
