So today, let's discuss the basic qualities that a professional trader needs to possess.

Rationality and Objectivity

From my personal trading experience, a rational and objective attitude is crucial. We need to determine the direction of future financial asset price changes, and our basis for judgment is to rely on the data, policies, and charts we have collected. In this process, it is essential to maintain a rational and objective mindset. We must not be misled by certain emotions, which is very important.

A few years ago, I was quite bearish on the U.S. stock market. In recent years, I have been reflecting on why I had such views during that period. Later, I realized that it might have been because I was emotionally driven at a particular juncture.

In fact, looking at it today, the U.S. stock market has been in a continuous upward trend from 2008 until now. If I had been driven by emotions to engage in short-selling trades, we would have suffered significant losses.

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Additionally, during the process of holding positions, sometimes we may experience fear, and at other times, we may feel greed. These emotions can also affect our trading.

Therefore, in the trading process, how to control our emotions and not be guided by them is a problem we always need to face.

The Ability to Self-Reflect and Summarize

(The translation is cut off as the original text was incomplete.)In the trading process, there are many times when we face significant risks. We constantly need to make trading decisions based on market conditions, and our trading thinking models must be continuously reflected upon, summarized, improved, and enhanced.

For example, for friends who have just started trading, they tend to guess tops or bottoms. Is this behavior correct or incorrect? Let's look at it from the perspective of trading practice.

Trying to catch bottoms and guessing tops can very likely lead to significant losses. We need to reflect on the logic behind these behaviors and make decisions. We must also reflect on the thinking models that support these behaviors behind the scenes, and at the same time, I will correct these thinking models, so that we may have the possibility to correct them.

Otherwise, we will fall into a cycle of constantly guessing and probing for bottoms, which can bring about substantial losses to our trading.

Sustained Persistence Ability

Trading is often a repetitive task, especially in recognizing trading opportunities, our entries, exits, and stop losses. It requires constant repetition and is a process that needs deliberate practice. Therefore, this kind of training poses a high challenge to a person's patience and stability.

Thus, it requires a lot of deliberate practice for us to achieve such goals. Otherwise, it is very likely that our trading behavior will become distorted during trading.

Trading Enlightenment

We observe that many traders work very hard, but after ten years of trading, they still find it difficult to make a significant breakthrough.

This is partly because they lack a bit of enlightenment. However, we all know that in the end, trading reaches a state where we call it "winning without fighting," adapting to the ever-changing with the unchanging, and responding to change with change. To reach this state, each of us needs to have an in-depth understanding of trading, followed by a process of sublimation, and this process requires a bit of enlightenment.This is akin to learning to draw or play music; after a substantial amount of foundational practice, we gradually achieve a final sublimation. At this stage, it is essential for us to have a good sense of understanding so that we can imbue music with sufficient spirit or soul.

So for a trader, what exactly is the goal of trading? This is extremely important, much like when we start walking, we must have a clear direction. Otherwise, we might end up going in the opposite direction, moving counter to our intended path.