I know that many people are obsessed with trading to make money. Especially novices.

As soon as they enter the market and see this ups and downs chart.

They will unconsciously want to buy low, sell high, and get money in hand.

The fundamental reason why they are obsessed with trading: making money is easy and fast.

No need to pay, just click the mouse.

Because they spontaneously think that the life of a trader is high-end and enviable.

The imagined job of a trader should be sitting in a high-end office with a computer and drinking coffee.

But in fact, trading is a physical job.

You make money by frequent trading. Even Guan Gong will be exhausted.

Have you seen anyone who has made a fortune in this world by doing physical work all the time?

And trading is a game of life and death, and the money earned is the money in the opponent's pocket.

What you earn must be lost by others.

Since you want to spend other people's money, you must be prepared to prepare the money for them to spend.

Trading is a premeditated game. Instead of relying on K-line to guess the rise and fall with emotions.

If you really want to trade, I give you a few suggestions.

The following points must be met in all transactions. Not even one of them can be violated.

1. Strict stop loss

2. Discipline. Use discipline to restrain human nature,

3. Consistency in buying and selling.

4. Odds

Since it is a transaction, there is a possibility of failure and loss. Then you must be prepared to accept failure. You must stop loss according to the plan, and stop loss when you reach the point, without any hesitation. Including the following odds is more to restrain the unwillingness to admit defeat after the loss. Go to cover the position and go to the dead lock.

Discipline is to decide when you sell, when to buy, how much to buy, and how much to sell. I can share my trading ideas. I always use the 258 stop loss strategy. Suppose now I am interested in a certain target, and I buy it at 1 yuan. Then if it falls to 0.92, I will sell it. If it rises to 1.25, I will sell it, or move the 258 stop profit strategy. For example, in a bull market, I will make 25% more. That is 1.25*1.25=1.562 yuan. If it falls by 8% at this time. I will sell it. Trading is not perfect, so we need to use discipline to restrain human nature. Discipline is the product of compromise with human nature. It is impossible to sell at the highest price and buy at the lowest price. If you sell at a loss, you sell at a loss. If you stop loss, you stop loss.Discipline is an important guarantee to ensure your long-term survival in this market.

Consistency in buying and selling means that you should sell for the same reason as you buy. Let me give you an example. Suppose BNB has a new IPO event tomorrow and you know it in advance. At this time, you buy BNB. But the official suddenly announces the cancellation of this event, so the previous reason for buying no longer exists, so you must sell it decisively. Another situation is that BNB has an event and it is certain to happen. You buy it at this time and wait until the middle of the event. You have to sell the BNB you bought, because the event has been confirmed to start, which means that it will definitely end if it starts. However, it is too late to sell it after it ends. You must sell it in the middle. Because the occurrence of this event has been priced in the market. The current price is fully factored into the price.

For example, if you want to buy a coin, the good reason is that it will be listed on Binance. Then you have to sell it the moment it is confirmed to be listed on Binance. Because it has ended, if it is confirmed that it will not be listed on Binance, you must also sell it for sure.

For example, if you think Musk will acquire Twitter, then you buy it in advance. In the end, if Musk really acquires it, you will sell it decisively, and if he is sure not to acquire it, you must also sell it for sure.

This is the consistency of trading.

The odds determine how much position you use. Bitcoin has not risen much, but institutional funds have invested heavily. As for Grayscale, 90% of its funds are invested in BTC. Why is this? Don't they know that other coins have risen a lot, while Bitcoin has risen less? Of course not.

Although Bitcoin has risen less, it has high certainty and can accommodate large funds. Other coins may have high increases. But the odds are low and cannot support large funds. You might as well think about it if you want to make a transaction. The probability of a coin rising 100 times is 1%. How much position should you use to make this transaction?