As someone who has been trading in cryptocurrencies for 10 years, I believe I have the most say in this. 10 years ago, I also disdained technology and had no interest in it. I felt dull and irritated and did not believe what most people said. I thought their technical analysis was nonsense. During those three years, I acted arbitrarily and worked hard, but in the end I was penniless.
I had to borrow 400,000 yuan from my brother-in-law before I could continue on my path to becoming a god. I also quit my high-paying job to trade in cryptocurrencies full-time. Up to now, I have 51 million yuan in the market, and I earn 6,000 yuan a day just from interest.
If you are not profitable yet, if you have already started to make profits, but always have losses and gains, then please read it again. This is a summary of the trading experience of a stock trader over the years, and it also reveals the secret of being truly invincible in the stock market. The core is to follow the trend with a light position, accumulate, increase positions, stop loss, hold positions, and be virtuous!
1. Ways to Profit
The so-called fundamental or technical analysis and all the results of the analysis are only used for verification, not for serious predictions.
Never believe in predictions (I think it means don't guess, scientific predictions or speculations are still acceptable) - because there are too many subjective biases in predictions, because predictions are an illusory future, because predictions are the focus of fear, and because predictions actually represent uncertainty, so don't believe in any analysis. The price movement is either up or down, which stipulates that you should learn to trade either long or short (this sentence is a bit arbitrary. The price movement mode must first determine the cycle. In a certain time period, we say the price movement mode: 1. In the case of an uptrend or a downtrend, it is up-adjustment-up to a new high. Or it is down-adjustment-down to a new low. 2. In the case of a reversal, if the rise-adjustment-rise cannot reach a new high and turns to a new low within the cycle, it will turn into a downtrend. Or if the fall-adjustment-fall cannot reach a new low and turns to a new high within the cycle, it will turn into an uptrend.)
2. The highest virtue is to do nothing and not to do anything
Can you drive? No! Can you walk? Yes! That's fine. If you want to reach a destination, you must first find the road, then drive or walk on it, instead of walking around. Remember, you don't open up the road and reach the destination by accident, but you see the existing road and then walk along it to reach the destination (a good metaphor). To place an order, you must first see the market and then follow the market - here you don't dare to be the first in the world, you don't predict it first, and you don't fantasize about it first. You have to follow and move later; then let the market lead you for a distance, and you will make a profit.
How far can the market go? I don't know. How long will it take for the market to pull back? I don't know either! Wait (I'm getting the point). This way you will make fewer mistakes. If you start to predict the price distance or the length of time, or lose patience, worry about losing profits, and leave the market too early, it means you have left the road, and then you will fall into the trap on the side of the road. At this moment or the next, you will definitely make a mistake, and a big mistake (this is the key, please remember it again and again).
3. About holdings
Holding a position has nothing to do with time; it is also rarely related to the distance of price movement. If there is any correlation, it is to see whether the boundary of price movement has been reached or is about to be crossed. The boundary of price movement is actually very easy to identify. In the charts of more than 15 minutes, yesterday's high and low points, the high and low points of the previous few days, the boundary of the large moving average +, etc., are almost marked. You can draw the lines yourself and it will be clear at a glance. Don't think hard and doubt yourself. K-line movement + is so simple, but you make it complicated, and at the same time make yourself confused. How can you not lose money?
Holding positions has nothing to do with your patience, personal emotions, including your expectations or doubts and other psychological activities! If it is relevant, you have already started to lose money.
Think carefully about how you drive or walk. If you can't think, then get on the road and think about the relationship between your legs, the road and the destination while walking. Moving your legs is your trading behavior; the road is the path and direction of price movement; the destination is the boundary of price movement and the end point of your trading profit (it should be noted here that the destination in life is always known in advance, but the destination of price movement is best not to be explored in advance, just follow it). Walk for a while and slowly imagine who comes first and who comes later, and who determines whose behavior.
Don't be anxious to take a step too early, and don't worry about the wolf in front and the tiger behind. Price movement has a path process - trend. The trend itself is a combination of distance and time extension, but it is a dynamic process. The size of the trend (to be determined within what week period) cannot be pre-defined or analyzed and judged prematurely by time and price difference. At least, this is the case for most of the market. Moreover, traders do not need to make preconceived judgments. In fact, the following transaction is the correct transaction. And holding a position has nothing to do with price difference and time difference. If you are in sync with the market, you will make a profit. Do you have to know how much profit you make in US dollars and how long you hold the position to be satisfied? That is impossible and unnecessary. Don't worry about the trend and the size of the profit, just follow the market. The simplicity of profit lies in just following the price movement instead of fighting against it. The direction of the market has nothing to do with you. Will he pay attention to you if you fight against it? Therefore, if you follow the wrong one, you should get used to turning around easily. But most people at this time have thousands of worries in their hearts and a heavy burden on their bodies, so they are unable to turn around and end up falling and regretting their mistakes.
4. Pay attention to accumulation
Traders should also pay attention to the significance of accumulation. "A journey of a thousand miles begins with a single step" and "A pile of sand makes a tower" all mean that the accumulated results will be huge. The same is true for financial transactions. The market trend is driven by each main wave and the secondary wave callback. Don't think that it is meaningful to enter and exit the market every time there is a fluctuation. In fact, it is meaningful to hold your position and at most increase your position after the trend is restored, rather than making mistakes due to your speculative psychological fluctuations. The big trend is the superposition of several small trends. You must be patient and wait for the big trend to follow the trend. Similarly, if you enter and exit the market too much, you will make more mistakes, and your accumulated losses will be huge. If you want to get it back, you also need to double your ability.
From a positive perspective, the significance of accumulation also lies in the compound interest of your warehouse receipt profits. Compound interest has tremendous power, but it also comes from freedom of mind and calmness. Imagine that you are not holding a heavy position in order to get rich quickly or taking risks to get lucky, but you are able to follow the market with a light position and for a long time every time. Then, as the number of price spreads and accumulations increases, your book profits are also accumulating and amplifying. When you encounter a clear market, you can increase your position and continue to follow. By following the trend of holding positions, price spreads, and accumulating over time, even if you always hold a light position in proportion, you can still have a huge harvest. On the contrary, those who want to have a position of getting rich quickly,
Those who take heavy positions and make reckless advances, frequently take short-term risks, and are eager for quick success and instant benefits only care about the immediate benefits, but do not know that the various specific conditions in the future will change at any time, and those who do not have any coping ability will sooner or later suffer heavy losses just like speeding or even running a red light due to a fluke mentality. Desire harms people, and the consequence is usually that the car is destroyed and people are killed, with no money left. By then, it will be too late for you to learn from your mistakes.
See the mountains as mountains and the water as water;
See the mountains not as mountains, see the water not as water;
Mountains are still mountains, and water is still water.
This is my interpretation of the three realms of life. In fact, the same is true for trading. When you first enter the market, you can only stupidly watch the rise and fall of the K-line on the disk, and then you find that the K-line can’t make you money. Slowly add various indicators, more and more, until you have been baptized by the market, and finally only have one or two indicators that you are best at, or even only use naked K trading. This is an inevitable experience for traders, and it is also an improvement in realm.
The magic order I have been preparing for these few days is about to be launched!!!
Comment 168 on board!!!
Impermanence belt Impermanence belt Impermanence belt!!!
Important things should be said three times!!!
