In the field of trading, many people often ask: Why does the backtesting system show a high win rate, but actual operations frequently result in losses? The answer to this question often lies not at the technical level, but is deeply embedded in our psychological mechanisms.

Let's delve into the three most common psychological traps in trading:

1. The Myth of Self-Rationalization
Our brains are naturally good at finding excuses for poor decisions. This tendency is particularly evident in trading. When prices approach the stop-loss level, we unconsciously fabricate various reasons to convince ourselves to hold on. However, realizing that we can also deceive ourselves is the first step to becoming a great trader.

2. The cost of avoiding short-term pain
Many traders choose to hold onto losing positions because they cannot bear the temporary pain of a stop loss. Little do they know, this practice often leads to greater losses. Just like a frog in boiling water, we unknowingly endure greater risks. Remember, while timely stop losses can be painful, they are far better than ultimately facing a complete liquidation.

3. The Trap of Survivorship Bias
We often only remember experiences of fortunate profits, while ignoring more cases of losses. This selective memory can lead us to underestimate risks and overestimate our abilities. In trading, objectively assessing each trade, rather than being immersed in occasional successes, is the key to long-term profitability.

How to overcome these psychological traps? Here are two practical methods:

1. Set decision buffer period
Before making any decisions to change your trading plan, set a cooling-off period for yourself. For example, force yourself to close the trading interface and sit quietly for 10 minutes. This can effectively avoid impulsive decisions.

2. Increase the cost of erroneous decision-making
When you want to go against the original plan, consider setting a small punishment for yourself. This method can help you view each decision more rationally.

A trader once shared his experience: every time he hits a stop loss, he looks in the mirror and says, "I accept this failure, and next time will be better." This simple ritual helped him build a healthier trading mindset.

The truly successful traders are not always the prophets who can predict the future, but pragmatists who can face reality objectively and adjust their strategies in a timely manner. When you learn to accept failure calmly and no longer make excuses for your mistakes, you are one step closer to success.

Remember, trading is not just a skill, but also a psychology. Mastering your own psychology means mastering the rhythm of the market. Through continuous learning and practice, anyone has the opportunity to achieve consistent profits in this challenging field.