Group 1 - The core principle of trading is to overcome human weaknesses and act contrary to the majority [2][7][9] - Human nature leads to loss aversion, causing traders to sell winning positions too early and hold losing positions too long [8][11] - Successful traders manage risk by cutting losses quickly and letting profits run [10][14] Group 2 - Decision-making ability is crucial for seizing fleeting trading opportunities [18][20] - Developing a trading plan helps in making consistent decisions during critical moments [20][21] - Repeated execution of trading plans builds muscle memory, enhancing decision-making efficiency [21] Group 3 - Traders must take full responsibility for their investment outcomes, whether profits or losses [22][23] - Blaming external factors for losses hinders personal growth and learning in trading [24] Group 4 - The concept of "luck" can lead to overconfidence, where traders mistake random success for skill [25][27] - Acknowledging the role of luck can prevent future losses and promote realistic trading strategies [27] Group 5 - The pursuit of truth and continuous improvement is essential for trading success [28][29] - Regularly reviewing past trades helps identify mistakes and refine strategies for better future performance [28][29] Group 6 - The only controllable factor in trading is oneself, and mastering self-control is key to navigating the unpredictable market [30][31]