LIVEThe "Illusion" of Trading
1/"Hearing and Listening"
In this circle, there are always various voices that will affect your transactions or plans. You must learn to filter and stick to yourself, otherwise you will become extremely anxious, especially during the process of resisting orders and after profits turn into losses.
2/"Self-blame"
Self-blame is a kind of negative energy. It usually appears after profits turn into losses, and it immediately comes to your mind that it would have been better if I had just sold the profits. At this time, the larger your position is and the greater your financial pressure is, the stronger this emotion will be.
3/"Arrogance"
This kind of emotion usually appears after making a few profits. Human nature makes oneself feel elated, and some even feel that they have mastered the code of wealth. As the saying goes: You will drown in water. When people become arrogant and complacent, they will not be able to face changes in the market objectively and calmly. And will face it from his own point of view. The market is so big that it will not be affected by your thoughts. If you are more selfish at this time, the result will be counterproductive, and the further you will go wrong.
4/"Blind Obedience"
In the trading market, the only person who can bring you value is yourself, only you. Don't fantasize about getting rich. Behind all those who get rich suddenly, there must be his own logic, not blind stud.
When you understand that you are the only person with value who can win, you will start to study seriously and you need to persist every day. After all, studying is boring and you need to use your willpower to conquer it.
In Binance, there are a variety of trading varieties and trading types for people with different risk preferences to choose from, including airdrops, fixed investment, grid, follow-up, pledge, contracts, options... If you can recognize the "illusion" clearly, you will naturally understand what the "truth" is. What you can earn is the realization of your self-ability after your cognitive improvement. It’s all money earned by following trends. Finally when you understand that there is no such thing as "true or false".
Congratulations, you can now roam the trading market with ease.
LIVEThe truth about the deal:
1. Cycle
The cycle is the largest. Compared with the cycle, any other news aspect, policy aspect will not be as powerful as the cycle, because behind the cycle is an extremely huge increase and decrease in funds, and policy is just a group push dose under the cycle, such as raising interest rates. Under the cycle, the intensity and frequency of interest rate hikes are all policy factors.
2. Policy
As a booster of the cycle, policies may sometimes get ahead of the curve, but they will never be late.
For example: At #BTC 15000, it is already at the end of the expected rate hike, because the CPI has reached 3%, which is very close to the target of 2%. However, positive voices have emerged about BlackRock's application for spot ETFs. Although it was rejected, there is only one target that BlackRock has been completely rejected in history. Before the interest rate cut cycle started, Bitcoin went from 15,000 to 40,000. After application or approval, it went from 40,000 to now breaking the previous high of 69,000.
3. News
The "metaphysical" word news has always been associated with any trading market, and novices like Xiaobai and Xiaosan flock to this word. From the perspective of existence and rationality, it is not right or wrong, but from the perspective of trading, it requires a rational judgment. For example: when the price was around 69,000 last time, the news was that breaking through 100,000 was just around the corner. People who haven’t gotten on the bus yet should seize the last chance. Words like this were heard endlessly, and then...everyone knew it.
4. Knowledge and technology
In a chaotic market, the only tool that can give you objective truth is "technical indicators". No matter which indicator, it will give you a certain reference. For example: when Bitcoin was at 69,000 last time, the RSI indicator gave oversold + divergence, MACD gave divergence, Dow Theory gave 2B, etc. The indicator itself is not complicated. What is complicated is that traders are not calm enough to judge and are conquered and influenced by the fantasy of human nature. Eventually the transaction failed. From a strict perspective, there are no high requirements for self-initiated learning, no strict requirements for trading plans, and no strict implementation of trading plans. Eventually the transaction failed.
So the truth is: understand the cycle + pay attention to news every day + learn relevant knowledge about trading every day + continue trial and error and verification of small positions.
Preview: Tomorrow let’s talk about what is the “illusion” of trading?
LIVE
