Friends who do trading should have a deep feeling. Do you think the current market is more difficult to play than last month?
Last month, at least everything was falling. Now, some are rising, some are falling, and it's a mess.
If you are greedy and want to go long and short, you may get hit on both ends.
This is the difficulty of trading. Many people think trading is too simple and think that the market is giving them money.
The counter-intuitive nature of trading: 95% of intuitions and insights are invalid.
The big fake looks like the real thing, the market may go crazy or become a Buddha.
Whether you are a rookie entering the market or a veteran who already has a relatively stable trading system, it is difficult to guarantee that you will constantly come up with some new trading ideas during the trading session.
A rookie will come up with ideas, buy on dips and add positions, Martingale, high winning rate and guaranteed profit.
A veteran trading system based on trending will start to think about entering the market with the trend, which is icing on the cake.
An expert who has tasted the sweetness of trend trading, in order to catch a better trend, decided to adjust the volatility factor parameter to the tail and reduce the frequency to catch the trend interval of the bull body.
An expert who has made enough money from trend trading is no longer satisfied with just following the trend. Because his skills have been perfected, he tries to use the system at hand to catch the most bland market and make a shock reversal.
If a person watches the market for 30 minutes, these ideas will basically come to mind. And I believe that many people have been trying the examples mentioned above.
But in fact, even with such a "seemingly correct" trading method as mentioned above, after personally trying it with a lot of practice, I still found that it is impossible to achieve a globally stable strategy that can defeat the long-term holding cycle in the currency circle.
What's more, most leeks don't even have these qualities.
Cut losses? Hold the order? Or add more positions?
Most people comfort themselves by saying, I am busy at work and have no time to study. I am very busy at work, so I can just take a rest after get off work. It will be good enough to make some money by following the teacher, and then I can die.
The 10,000-hour rule applies to every industry, and even more so to the trading market. No matter how busy you are, how busy can you be?
The big traders I know only sleep five or six hours a day, and spend the rest of the time reviewing their trades.
If you really want to go the trading route, then have we done the following two things:
1. Read books, study and review for at least 2 hours a day
2. Write a trading diary for every transaction
When newbies are pursuing profits, they should sort out those seemingly correct strategies for losing money when they have time to ensure that they do not fall into traps.
That’s why many people say that in market trading, choice is more important than effort.
Because most of the insights and thoughts that lead to active market entry and frequent trading are harmful.
Trading is about not losing money, and then leaving the profit to the big trends.
The so-called trend is that Bitcoin can reach 100,000 US dollars or even 1 million US dollars in the big cycle, which has nothing to do with our efforts or any of our analysis. If it reaches that, it is just the luck of those of us in the cryptocurrency circle.
You must have a clear positioning for yourself
Don't try to make money from everything. Unless you are already very good, just go for the experience.
Your character determines your investments.
Friends who have been in contact with me for a long time are all very calm and quiet, because they have been doing a lot of medium and long-term investment and have experienced everything.
