Trade your plan - Plan your trade

I am Trader Guzi. Actually, I feel unworthy of the title 'Trader' during this period of time. However, I must live up to the name and be worthy of being called a Trader.
In the trading market, there are some traders who are in a long-term unstable state, including myself, losing for a while and earning for a while. In the long run, it may result in a small loss or no loss, but it is difficult to achieve stable profitability. I believe that many friends are also in this stage. The biggest advantage of these traders is the improvement of analytical ability. They have got rid of the stage of blindly guessing the market and can draw conclusions through technical analysis, assist with stop loss, discipline and position management to avoid large losses. However, even so, they still cannot achieve stable profitability. Why is this? The key lies in the gap between analysis and trading. Even if the accuracy rate of analysis is high, it is meaningless if it cannot be implemented in trading. The accuracy rate can only be truly reflected under the premise of strictly executing the trading plan. Otherwise, the so-called accuracy rate is just an illusion and cannot have a positive impact on the profit and loss of the account. In this industry, there are countless technical analysis masters who have amazing accuracy in judging the market, but they often lose money in actual trading. It is because they cannot transform theory into execution, and cannot really make analysis serve trading. Technical analysis is just a tool, and trade execution is the core. If analysis cannot be used for trading, it is just academic research rather than trading technology. Many people spend their lives trapped in the maze of technical analysis, indulging in their own high accuracy rate but making no progress in their account. The proportion of such people is as high as 90% or more. The essence of trading is not just predicting the market, but how to use discipline and execution to achieve stable profits in uncertainty.
Preparation steps before daily live streaming or placing an order:
1. First analyze the general direction, whether it is long or short, and then choose to buy low and hold long or sell high and short for a period of time.
2. Find reasonable stop-loss instead of small stop-loss. Stop-loss and take-profit should be flexibly adjusted according to the market situation when monitoring the market.
3. Be clear about when to exit. It's better to take less profit than stubbornly stick to the target price.
4, earn more money instead of eating more meat, so as to increase the winning rate, accumulate positions, and not try to get rich in one go.
5, correct bad habits, prioritize execution, and stabilize returns and yields.
Don't be emotional, don't be emotional, don't be emotional, I swear, if I can't do this, I will quit this industry, or just do analysis without trading, it's better to buy yourself some good cigarettes and have a few good meals than to give your money to the market.
The market is very cruel, trading is actually a path of practice, like walking on thin ice, there is no undefeated general, relying on our daily persistence, patience, and execution, constantly reflecting and adjusting ourselves, in order to make a profit in this market.
Wishing that each of us will still be active in this market or retire after success in a few years.