If your capital is less than 500,000 and you want to succeed quickly in the cryptocurrency world through short-term trading, then please read this post carefully. I believe that after reading it, you will suddenly realize the essence of short-term trading!
I am 34 years old this year. I have been in the market for 10 years and have been a professional cryptocurrency trader for 6 years! Not choosing finance as my major in college is a big regret in my life. I started to learn about stocks/finance/foreign exchange, etc. on the Internet in my freshman year. The red and green screens are full of the colors of life and fascinated me. With infinite longing for the market, I opened an account in my sophomore year. Later, I gradually learned about Erquan and Bitcoin. Then, through the introduction of a classmate, I learned more and more, and I felt very interested and started my investment career.
Like most friends who have just entered the market, I was fascinated by technical indicators at the beginning, constantly using currencies to backtrack and find patterns; I was keen to enter the market with low-priced currencies, or currencies that have fallen sharply, thinking that they are safer. In fact, these perceptions of the market are completely wrong.
Later I realized that if you want to make quick profits in the market, you must do short-term. Medium- and long-term compound interest, work together!
The conclusion is: don't be carried away by the blood of profit. You should know that the most difficult thing in the world is how to make continuous profits. You must review your past performance carefully. Whether it is luck or strength, a stable trading system that suits you is the way to continuous profits.
There is a sentence that impressed me deeply: If you don't occupy the ideology, others will occupy it. The speculation method I share with you today is the essence of my long-term standing in the market. If you study it seriously, you will definitely gain a lot and your understanding of cryptocurrency speculation will change dramatically!
Sharing on the application of technical indicators in trading
It is not difficult to know, but it is not easy to do. For investment in the secondary market, everyone knows that you cannot be greedy, nor can you chase the rise and sell the fall, but how many people can control their hands to achieve unity of knowledge and action? In the Tao Te Ching, Lao Tzu mentioned Tao, law, and art. Tao refers to rules, natural laws, and core concepts, law refers to methods, legal principles, and systems, and art refers to behavior and operating methods. Tao, law, and art are combined and regarded as important principles and criteria for guiding people's lives and social development.
For the secondary market, we can also divide investment into Tao, Fa and Shu, and none of the three can be missing.
Tao: represents investment philosophy and investment beliefs, that is, the direction, goals and values of investment. Including analysis of long-term market trends, macro conditions and fundamentals.
Law: represents the laws and rules of investment, including investment strategy, risk management, and asset allocation
Techniques: Technical analysis, quantitative analysis, and trading psychology of investment
Today, this report will focus on the "art" of trading. Its purpose is to share the application of technical indicators and technical analysis in actual combat. For most people, there is no need to learn many unconventional technical indicators, because technical indicators are lagging and cannot directly make profits. This report will share commonly used technical indicator methods to let more people know the significance of technical analysis.
Summarize
As the saying goes, Tao, Method and Art are all indispensable in trading. This report only focuses on the "art" in the trading process. It is far from enough to just learn and master the use of technical indicators. There are many pitfalls in the market, and the market trends and rising and falling methods will be updated every three months or so. Therefore, you need to keep looking and summarizing and observe the subtle changes in the market.
People are alive, but indicators are dead. The existence of technical indicators is to help us judge transactions after sufficient understanding and risk control, and cannot be used directly to make profits. After all, all technical indicators are lagging and cannot be 100% accurate. Only after we have sufficient understanding and risk control can we assist investment, otherwise it is gambling.
At the same time, all technical indicators are not as simple as described in the report. Each indicator has different variations and methodologies. If you study carefully, you can study each indicator for several years, so the article does not mention all the variations and methods. At the same time, everyone has different styles, and the use of indicators is also different. You need to gradually adjust according to your own trading style.
The magic order I have been preparing for these few days is about to be launched!!!
Comment 168 on board!!!
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