Today is the 345th day of my dynamic posting, and it hasn't stopped for a day. Each one is not perfunctory, but carefully prepared. if you think I'm a serious person, you can walk with me, and I hope that the daily content can help you. The world is big, and I'm small, so pay attention so that it's not hard to find.

Where did those liquidated accounts in the market go? Today we reveal survivor bias. Why do I say that the success stories you see may be misleading you? In the market, we always see those profit-making traders, hear their legendary stories, but overlook the many liquidated accounts; this is survivor bias. The losers are eliminated, the winners are amplified, but the truth is that there are far more losers in the market than winners. We cannot be deceived by this superficial glamour, because the essence of trading is brutal.
To avoid becoming a victim of survivor bias, we can first analyze failure. Those vanished liquidation accounts often have common characteristics: no system, no plan, heavy trading, frequent operations, and disregard for risk. They also thought they were the chosen ones, but the market never shows mercy to anyone.
The lesson of liquidation tells us that trading is the management of risk, the restraint of desires, and the observance of discipline. Without these, no amount of profit would have been lost. Secondly, we need to recognize the reality that most people fail in trading, and that real success does not depend on luck, but on long-term discipline and patience. Therefore, we need to establish a trading system that suits our own positive expectation, and strictly abide by his instructions, supplemented by a clear trading plan, and then continue to learn and reflect, constantly purify our own system, and don't let survivor bias deceive you.