USDJPY crash! What I think

Yesterday USDJPY plummeted, didn’t it?

400 pips in one day, it dropped four yen.

When a move is strong in one direction, there are people who incur huge losses

If you think the cause of big losses is Trump, or the collapse, you’ll end up receiving another big loss result

Cause and Effect

If you blame everything on others, you cannot control others as you wish, so improvement becomes difficult

To improve, you should think that the cause lies entirely with yourself

If you think the cause of large losses lies with yourself, can you change yourself?

People who lose big in such moves are always blaming the underlying causes for these results in their usual behavior

Therefore, this can be described as an inevitable big loss

It’s the result that happened because it was bound to happen

If you look at everyday trading content, you can foresee that you will eventually incur big losses

Nothing bizarre happens

Today too, the universe moves with beautiful order

People who are consistently winning and are regarded as pros are often seen

When such a pro incurs a large loss due to big moves, people say, “Even pros lose big, huh?”

I think the definition of a pro differs from person to person, but I consider a pro to be someone who can limit small losses and manage risk

With that thinking

It’s not “Even pros lose big,” but

“Losing big means you were not a pro, after all.”

That’s how it becomes

However, in reality, people who incur big losses do not practice risk control in their usual trading (they cannot), so even if everyone calls them pros, I do not consider them pros at all

That’s why I have never used the phrase “Even pros lose big.”

People often say, “That person indeed lost big, didn’t they?”

FormerProfessional baseball manager Katsuya Nomura’s words

“There is a mysterious win in winning. There is no mysterious loss in losing.”

This is about baseball, but it can be applied to the market as well

Even without real skill, there are times you can win in the market

Even a counterfeit can win temporarily

【Book: Day Trading Oliver Velez, Greg Capra (authors)】

In trading, unless you first learn to survive, you cannot hope to win.

We hate losses

However, unfortunately, losses are unavoidable in the game of trading.

Whether market participants survive depends on their ability to minimize losses

Let’s acknowledge this fact

Winning is not the true measure of a winner

In reality, there is only one metric for a professional, and that is small losses

No matter how lucky beginners are, their true nature becomes clear when you look at the amount of losses they incurBeginners cannot keep losses small on a consistent basisThe point here is that for a while you can win even as a counterfeit, butAppearances and luck cannot keep losses consistently smallThe mark of a winner is not how much they win, but how well they loseIf you can control losses, there is no longer a need to pursue winningWins accumulate by themselvesIn reality, a trader’s success or failure depends less on how much losses are eliminated and more on how well losses can be controlledA skilled trader who focuses only on controlling losses will always succeed.

Beginners cannot keep losses small on a consistent basis

The point here is that for a while you can win even as a counterfeit, but

Appearances and luck cannot keep losses consistently small

The mark of a winner is not how much they win, but how well they lose

If you can control losses, there is no longer a need to pursue winning

Wins accumulate by themselves

In reality, a trader’s success or failure depends less on how much losses are eliminated and more on how well losses can be controlled

A skilled trader who focuses only on controlling losses will always succeed.