What are the trading rules and regulations in the cryptocurrency market?
Look at the eight pairs of right and wrong in cryptocurrency trading:
Right to operate with the trend, wrong to go against the market. (Once a trend is established, it is difficult to change in the short term)
Right to use a light position, wrong to use a heavy position ---- the size of the position affects the attitude, and the attitude affects decision-making.
Right to be content, wrong to be greedy ---- greed is the enemy, and being content is the key to happiness.
Right to protect profits with stop-loss, wrong to let things go ----- preserving capital comes first, making money second.
Right to operate objectively, wrong to analyze subjectively; operate objectively and follow the rules.
Right to wait and be patient, wrong to be impulsive and anxious; cultivate patience and act at the right moment.
Right to increase the position when in profit, wrong to add to a losing position; profit is the correct direction, and being trapped is the wrong direction.
Right to be calm and composed, wrong to be anxious about gains and losses; the essence of trading is the confrontation of human nature and mindset.
After I learned this set of moving average methods, my returns tripled!
Thinking back to when I first entered the trading market,
I tried every possible way to find knowledge about this online.
I hoped to learn everything as soon as possible,
So I could quickly start practical trading
And start making money.
At that time,
Moving averages were usually among the first technical indicators I learned.
Most online tutorials taught how to use two moving averages,
One fast,
One slow.
When the fast line crosses the slow line from below, you buy;
When the fast line crosses the slow line from above, you sell.
These golden crosses and death crosses trading strategies
Seemed like treasures to beginners,
Because compared to other more complex technical indicators,
Golden crosses and death crosses are at least feasible for novices,
And can be immediately monetized.
If you really take it seriously,
And enter the market immediately,
The result is predictable;
You will definitely suffer significant losses.
Then every day you will be mentally tense,
Very frustrated,
Wondering why you are losing money,
Blaming heaven, blaming the earth,
Blaming moving averages for being useless junk.
