See the Big Picture (大局觀)

03/15/2012 -

No matter what approach one is using (TA, FA, ...), to become a successful trader, s/he needs to have the trading style like a military general (大將之風).  Let's talk about what the 大將之風 is.  IMO, 大將之風 is all about being calm (穩).  Even if a mountain collapses in front of you, you got to stay calm (泰山崩於前而面不改色).

A person with 大將之風 has very stable mental state.  S/he won't jump around because of some small market move.  S/he won't go extremely happy, sad, mad because of the profit or loss of a trade.  Everything is just the same old game, and everything is expected.  That kind of mentality is 大將之風.
One with 大將之風 needs to be able to see the big picture (大局觀) and need to be 穩 - You won't be: extremely happy by the market's surge or sad because of a big down day - "一涨就是新高,一跌就是千里之外"

In other words, the big picture won't be changed by a small rally in the 5-minute chart.
Why does a real general/commander needs to have "大局觀"?
"大局觀" is to understand the whole big picture - which is the trend of the market.
"大局觀" is a clear market view (行情觀) about the trend.
Just ask a 3-year-old, s/he will tell you the market *is going* up or down.  What I mean by *is going* is the trend.  Don't trade against the trend!