Core Insights - The article emphasizes the importance of correctly handling the concepts of right and wrong in forex trading, highlighting that losses can impact both financial status and self-esteem [1] Group 1: Establishing Standards - Investors should create personal standards for evaluating right and wrong in trading, rather than relying on market standards, as the market does not provide clear guidelines [3] - The assessment of right and wrong should not be based solely on profit and loss but on the quality of those gains and losses [3] Group 2: Accepting Mistakes - It is crucial for investors to allow themselves to make mistakes, as being overly cautious can lead to a tense mindset, while failing to acknowledge mistakes can result in larger errors [4] - Accepting minor losses as a necessary cost of achieving profits is essential for a balanced trading approach [4] Group 3: Discipline and Execution - Adhering to established standards and executing them strictly is fundamental for correcting mistakes and achieving profitability [5] - Investors should use their judgment criteria to decide whether to exit or hold a position, and must exit once a stop-loss point is reached [5] Group 4: Overall Importance - Properly managing the concepts of right and wrong is critical in investment trading, and following the outlined principles can help investors navigate various trading situations more effectively [6]