[Learning from Mirai Asakura] A stern talk with Yuji Mizoguchi. "Don't fight battles you don't need to" The secret to not turning FX into a casino
Although I’m glued to charts every day in FX, for some reason I can’t win... Are you quick to chase the holy grail, or does your mind wobble after a few losses?
In fact, I used to fall into the trap of being a “super perfectionist.” I would stubbornly think, “My one-minute chart technical analysis must be absolutely correct!” and occasionallyexperience painful failures where I delayed my stop and wiped out funds all at once...
Then, I watched a YouTube video that struck me with the realization, “This is the truth of FX!” and felt like I’d been struck by lightning⚡️
That was a conversation betweenAsakura Mirai and Yujirō Mizuo, an entrepreneur who was in the midst of a flaming controversy. This time, we will deliver the “wisdom of business” that emerged from their real dialogue,translated into our FX trading. . .
? 1. Don’t prove your own correctness (the Werewolf Game trap)
In the video, Mizuo is criticized for many troubles and tends to retort, “I’m not wrong,” and Asakura Mirai points out this sharp thing:
“The more you try to prove you aren’t at fault, the more suspicious you look, as in a Werewolf game when you say, ‘I’m not the werewolf!’ It’s better not to engage in battles that aren’t necessary.”
Isn’t this exactly the same in the FX world?
After you enter a trade and the market moves against you, you think, “No, my analysis isn’t wrong,” “It will surely come back later,”and try to prove your own correctness to the market.
This isthe biggest cause of late stops. If you try to prove your own correctness to the market, it’s the quintessential “unnecessary battle.” Admitting a loss gracefully and cutting quickly (low loss, high profit) is the strongest defense to survive in the market????️✨
⏳ 2. Do not panic. “Courage to rest” and “overwhelming waiting power”
In addition, in the video, Mirai Asakura admonishes Mizuo, who had lost his appetite and lost 3–4 kilograms due to pressure and stress:
“Don’t live in a rush; it’s better to take a break once. There are battles where no one dies (no one is hurt) if you don’t do them.”
In trading too, when you’re on a losing streak and heatedly thinking “I have to make up for it quickly!”the Posi-Posi diseaseis a mortal wound, isn’t it??
I specialize in technical-focused day trading and scalping centered on one-minute charts, but my greatest weapon is【overwhelming waiting power】.
When you can’t read the market, when your mindset is wavering,【休むも相場】. Do not rush; calmly close your PC and have the courage to “not engage in useless battles,” which will ultimately protect your funds?
? 3. Face the money in front of you with sincerity, rather than flashy numbers
Towards the end of the video, Asakura Mirai spoke to Mizuo, who kept chasing grand visions and figures, saying these words.