1, The belief that what happened in the past will repeat in the present and in the future. This is the belief that past data along with patterns and information can be reused to determine future trends. However, the past is for reference only, because every moment that happens on the market is unique and cannot be completely repeated. This theorem is like the phrase "no one bathes twice in the same river", implying that everything is always changing and never repeats exactly 100% of what happened in the past.
4, Blurred by randomness when trying to look at low timeframes to trade, constantly mistaking trading signals for market noise. Really valuable data needs to be searched on a large enough sample, and on a high enough time frame.
5, Do not understand the risk of destroying the account of the trader (risk of ruin). The probability of destruction is very high when continuously trading large volumes of orders and experiencing a series of losses. Sometimes you know how to manage your capital, but having too long a series of losses can also destroy your account.
6, hindsight bias makes a trader overestimate his or her ability to predict an event. The trader will often clap himself to think that he is capable of predicting the market after a few wins and that confidence destroys him when his next order starts to trade bigger.
7, Pareto Principle in trading: 80-90% of a trader's profit comes from only 10-20% of transactions. Thus, it is impossible to make a profit every day or every month
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