I saw that many so-called "teachers" on Twitter and the Square were shorting the news or the ETH/BTC exchange rate a few days ago, but they are all terribly quiet today. If you happen to have met such a teacher, I suggest you read my sharing and think more about it.
1. The first period: When I first entered the circle, it was the same. After I was liquidated or lost money, I loved to wander around the social squares of various platforms. At that time, I didn’t understand a lot of things (although I had problems with the understanding of trading before entering the circle, and I read many sharings of many big guys on Zhihu). Looking at a bunch of teachers showing orders on Twitter and the square, I was so awesome that I quickly added the homepage contact information, thinking that such an awesome teacher could earn back the membership fee with one order. At the beginning, I placed orders with a small position and tried twice, and I made money. Every time I entered a position, I stopped losses crazily (there were several times when the teacher said that the stop loss was pending). Later, I gave myself an illusion: I couldn’t follow the money-making guide every time, and I was the one who stopped losses or liquidated. I did this for two months. The turning point: in a group of a teacher with many fans on the square, one day a copycat sprayed more than 20 points (I lost a lot of money under his orders at that time, so I didn’t follow him), and then the teacher asked in the group if anyone had opened an order at the bottom to send him a screenshot, and then I saw him post a post on the square. 🤓It turns out that you don’t need to open an order to lead an order. Similarly, you can open an ant warehouse for both long and short positions at the same time. Posting high returns in the community can bring traffic. 🤓
2. The second period: After losing money and the order-leading membership fee, I quit all the order-leading groups and felt that it was time to change my mindset. At that time, I also began to pay attention to the macro and news (such as CPI or something, as long as there is news, I will definitely stay up all night to trade), and began to understand various technical indicators (MACD, RSI, EMA, MA, Fibonacci line). During this period, I followed several teachers on YouTube. After experiencing the first stage, I didn’t rush to join the group or anything. I watched their live broadcasts or shared videos every day. They all have one thing in common: very subjective and high-sounding talk. After selection, I finally joined the groups of two teachers who I think are good. Every time there is a market or news, I will hold a small meeting to share. Usually, group members will also share their views based on the news, and worry about and fomo together. When reviewing at that time, I felt that technical indicators were the king, and news was the best cornerstone for catching trends. This went on for more than half a year. Turning point: I felt that the teacher’s explanation was very logical and there were a lot of technical indicators. When reviewing the market, I felt that it made sense, but I had been in the "mode of making small money and losing big money" for the past six months. I missed several big market trends and also followed the teacher’s so-called "market sense" to blow up my positions several times. During this period, a group of older and active group members didn’t talk much, and I found out in private chats that they had also lost a lot of money. 🤓It turns out that trading is anti-human, news and indicators can be faked, and the so-called important news has been reflected in the price when we see it; as long as you have some financial common sense and knowledge, and understand a few technical indicators, you can also talk about it. 🤓
3. The third stage: After the first two stages, I was lucky that I had not lost all my capital. One reason for persisting was my personality, and the other was that I met two good brothers and started to focus on trading techniques from the beginning. During this period, I learned to look at the structure, to look at support and resistance through naked K (the most despised thing in the second stage), to manage positions, and to learn the importance of profit and loss ratio. I abandoned the blind operation of large positions and only took 100u or 200u to experiment each time. I constantly tried and failed and summarized, built my own trading system, and began to make stable profits.
Everyone can be a teacher. You only need to know how to read support and resistance, or you can interpret news, or you can be a teacher if you know marketing. Of course, there are many teachers with real skills. The original intention of writing this article is to remind friends in the first two stages to think more and learn more. Whether it is trading or life, you need to be careful about everything related to 💰. At the end of the transaction, your only opponents are yourself and time.
So is trading difficult? It is difficult! Because you need to experience it firsthand, and constantly learn and summarize to know what can bring you profits and what you should focus on. During this period, you don’t know how much time it will take, and how much money you will lose before you slowly wake up. If you have a bad mentality or insufficient cognition, it will be difficult for you to get through the first two stages. A few years or even more than ten years is not a lot. Even if you lose all your money, you may only blame it on "bad luck" and will not think about why.
I hope that friends who have read this article can adjust their mentality, make changes when necessary, learn what needs to be learned, build their own trading system and constantly improve it. If you want to change your trading "luck" by "shorting xxx and going long on xxx, I believe everyone will make a lot of money", it is better to stop losses in time and return to a life without trading, because you may really not be suitable.
