After finishing that sentence on Friday, I started preparing the content: Today, I'll take you to expose the dog dealer, leaving him without even his underpants.
The tactics most commonly used by the dealer are "washing the盘" and "lifting the price".
Washing盘 usually occurs at the bottom, where the main force creates a short-term rapid decline, instilling panic and scaring off unstable retail investors. On the other hand, during the price lift, they act quickly, not giving retail investors a chance to enter, leaving hesitant retail investors to buy at high positions.
If we can see through these tactics of the main force, and hold onto our panic emotions at low positions, maintain rationality during their washing盘, avoid cutting losses at low points, and not blindly chase high prices during the price lifts, but instead have our own fixed trading rhythm, taking a little "fish body" by riding their coattails, then we won't be trapped at high positions, and the main force won't be able to do anything to us retail investors.
The main force excels at exploiting the fears, greed, and luck of retail investors; this human nature drives the entire cryptocurrency market's operation.
What the main force fears the least is blindly following the herd; many will rush in for a so-called insider tip, even if it means breaking their heads. First of all, even if they have very accurate information, there's no need to share it with everyone because the fewer people who know, the more valuable the information is. Why would they share it when they can make a fortune quietly? Isn't it just to harvest the retail investors?
Moreover, this information has been passed through many hands. What is the main force? The main force uses larger funds, more information, and resources, leveraging the weaknesses of retail investors' human nature to harvest us. If we continue to indulge our human nature and trade without any thought, we will inevitably become the fish on the chopping board.
So in this chaotic market, you need to have your own trading system. For example, when the main force suppresses the market to create new lows and wash the盘, we should stop loss and exit.
Once trapped, we decisively and timely leave the market, incurring only a small loss, protecting our capital, and looking for opportunities to trade again next time. Such rational individuals are also a headache for the main force.
The most important thing in trading is to have strict stop-loss and take-profit standards. As long as you can overcome your fears and greed, stop loss promptly when you're wrong, and take profit correctly when you're right, then nothing in the market can trap you; it is merely a matter of making more or less profit.