$LQTY

Review:
Open short positions when strong currencies touch highs:
1. Confirm the pressure point: test a point multiple times but it cannot break through, long upper shadow line with large volume...
2. When opening an order, be sure to set a stop loss (usually 2% for short-term, sometimes 2-3% for a K period of 15 minutes. The more Ks, the longer the time, the more uncontrollable factors, and the trend may also change over time. The original buying point and stop loss point are no longer valid)...
3. Do not open an order casually before reaching the buying point. When opening an order, be sure to set a stop loss. [It often happens that just after the stop loss, a big reversal market comes. Not only does the stop loss lose money, but a large market trend is also missed]. This is definitely a trap. This is the case with chz and twt. They began to waver and not set a stop loss. Today, gmx and LQTY made a big mistake. Although LQTY made up for the position and finally made a profit, it was just God's pity on you today. Stay sober and objective.

#lina

The Great Way is Simple

It can be as simple as opening a position at one point, stopping loss at one k, and leaving when this k is broken. Isn't it simple? It is so simple that you dare not believe it, but I tell you that this is a positive system with a huge profit and loss ratio. The problem is that even if it looks simple to you, what is the real logic, and can you understand it?

The real simplicity is the simplification after you have experienced complexity. When you say it is simple without even experiencing complexity, it is not simple, but the simplicity defined by your self-righteous cognition, which may be a manifestation of ignorance in the eyes of others!

We go into the things behind these little by little. Behind all the simplicity, there must be logic, thinking, and ideas, and then extend to behavior and results. This is a process. You will find that they are all based on logic, and everything must be based on logic.

But the root of logic is cognition. The closer your cognition of a thing is to the essence, then naturally your logic will change with your cognition, that is, gradually become: cognition, logic, thinking, ideas, and methods. Every book you read is actually such a process. This process needs to be experienced. It cannot be just talk or paper talk.

The market is moving. In the market movement, there must be people constantly coming in and then people constantly going out. Finally, the power of funds can form a combined force under the fermentation of time.

$HIGH

In financial trading, traders in the entire industry are worried about the so-called Tao and technique all day long. The harder you work, the luckier you are, but it doesn't work in the trading industry. In fact, the essence of trading is to bet on your own fortune. Yes, your own luck. Historically, the founders of the world's top technical schools have become famous for their great success. They have succeeded, failed, succeeded, and failed many times, but none of them ended well in the end. In the end, they were either poor and destitute for life, or they could not bear the failure and ended their lives. In reality, the former futures tycoons and fund tycoons became famous because they bet on a big market, but later they disappeared. In this market where you bet on your own luck, it is true that you will lose if you gamble for a long time. As long as you are still in this market, profits are only temporary. Only when you leave the market completely and never play again, profits and losses can be fixed.

As traders, we understand the cruelty of life, and it is the right way to maintain our love for life.

We come here to gamble. Pessimists are right, but optimists who love life can make money. $BNB

$ORDI

The market is never short of opportunities to make money. When extreme market conditions occur, how should we deal with the ups and downs in a short period of time?

Be mentally prepared. Extreme market conditions can bring about myths of wealth creation, but they can also sweep many people out of the market. Before dreaming of getting rich, be prepared for failure.

Set a stop loss. Big opportunities are often accompanied by big risks. Estimate your risk tolerance in advance to prevent excessive losses and a setback.

Stay rational. In the face of extreme market conditions, conventional trading systems and trading methods may be ineffective. Stay calm, think rationally, and avoid making wrong decisions driven by fear and greed.

No matter how extreme the market conditions are, they are only a period of market conditions. Even if you miss it, you can continue to make certain money in the regular market conditions, accumulate experience, improve your cognition, and wait for the next opportunity.

$HIGH $W $USDC

When trading, the winning rate is not the most important, but the profit-loss ratio and strict stop loss are. According to the law of large numbers, as long as there are enough samples, the frequency and probability of an event will tend to be consistent. As long as you trade enough times, your winning rate will be close to the probability of trading, which is 50%. If the profit-loss ratio is large, the loss is small and the profit is large, stop loss to avoid big losses, and strive for big profits, it is easy to generate stable profits.

#lina

A friend asked me, I lost nearly 100,000 yuan in trading, and all of it was borrowed, what should I do?

I think you have two things to do now.

First: stop trading.

The previous principal was borrowed, and I have lost 100,000 yuan. If I continue to trade, I will definitely have to borrow money again. The debt is piling up. If you are burdened with a very heavy debt, you will be very anxious and want to make up for it as soon as possible. You will never make money in this way, so stopping trading is the wisest choice.

Second: Don't be overwhelmed by debt.

The debt has been owed, and the top priority is to find a way to make money to pay off the debt. In today's society, as long as you are willing to work hard, a debt of 100,000 yuan can be paid off in a year. I have a relative in my family who works 14 hours a day as a deliveryman and can earn 20,000 yuan a month. Even if he doesn't have many skills, he can still pay off his debts as long as he is willing to work hard.

After paying off the debt, you can start again without debt.

As for whether to continue trading in the future?

My suggestion is that you should have a stable job before considering trading, so that you can keep a stable mentality. You should learn before trading, and make sure you have the ability to make a profit before entering the market, otherwise the outcome will most likely be a loss. It may not sound good, but it is true, and I hope you can listen to it.

#movr

20% profit in a year, only 50,000 yuan of capital, what to do if the profit is too little?

First of all, being able to make a profit of 20% in a year is definitely more than 90% of people in the financial market, and this profitability is not low.

Secondly, it is true that with only 50,000 yuan of capital, you can only make 10,000 yuan a year, which is not meaningful, but this is not a problem of trading, it is a problem of capital.

Let me give you a more popular example. I often compare trading to business. If you only have the capital to open a small noodle restaurant, don't expect to make money from a five-star hotel. This is a very simple truth.

Why do people in finance want to make 5 million yuan with 50,000 yuan of capital? It is because there are too many myths of making wealth in the financial market. But often everyone thinks that I don’t have much capital anyway, so it doesn’t matter if I lose it. It is because of this idea that this zero-sum market is created.

If you think that the capital is not much, it’s okay to lose it, what if you make money? What is the difference between this mentality and gamblers?

With only 50,000 yuan as principal, the right thing to do is to earn the profit that you deserve from this principal, use compound interest, and slowly expand it.

#LQTY

Yesterday, a friend who does trading told me that he was depressed and asked me what to do.

At our age, the pressure of life is really great. We have to take care of the elderly and children, buy cars and houses, and work diligently. Everyone has some psychological problems. In addition, the trading market is bloody every day, so it is normal to have some depression.

If your depression is serious enough to affect your daily life, it is recommended to suspend trading first. You can go to the hospital for a check-up. Don't think it is a shameful thing. Sometimes it may be pathological and has nothing to do with whether you control it or not.

If you just have a more depressed depression, then I can share some of my own experience with you.

I used to trade until I was bankrupt, my girlfriend left me, I sold cars and houses to fill the debt, and spent all the years of hardship I had in Africa. Am I worse than you? More qualified to be depressed?

Later, when I made a comeback, I really washed away my impetuousness, which accumulated bit by bit. Even though I have some capital now, I still have emo emotions. My method is to get emotional value from some small things.

For example, if I complete my trading plan and reading plan today, I will feel a sense of satisfaction. When there is a lot of work in front of me and I feel irritated, I will calm down, break things down one by one, and complete them part by part. Every time I complete a part, I will gain a sense of accomplishment and a little happiness. The good mood of the day is driven by countless little happiness.

#fida

A friend said that he used the trading method in "Trend Trading Method", but why couldn't he make a profit?

I also referred to the trading logic in "Trend Trading Method" in the early days, but I found two big problems.

The first is that the process of confirming the trend requires the use of trend lines and channel lines, but both lines need to be drawn on the chart subjectively. Different traders will connect two different points, and they may draw completely different channel lines. If you do technical analysis, these two channel lines may not be very different, but in actual combat, different channel lines may mean the confirmation or non-confirmation of trend reversal. If you confirm, you need to enter the market, if you don't confirm, you can't enter the market, then it's messy.

The second is to enter the market with the reversal K line, and the reversal pattern of the K line cannot be fully quantified. There are many explanations of the reversal K line in the book, but it has never been accurately defined, that is, there is no clear standard. You may encounter similar patterns in the real market, and you will be entangled in whether to enter the market, which is also a very bad state.

Therefore, we can refer to some of the technical logic of this book, but we must standardize all our trading behaviors so that our trading strategies can be executable.

#gmx

How can you become more self-disciplined in trading?

In the book "Opening the Mind", there is a passage that I think makes sense, so I would like to share it with you.

If you want to become more self-disciplined, you need to tap into and improve your motivation while reducing the resistance you face.

First, develop a vision framework and clarify your goals, that is, clarify your goals.

Second, establish a simple system and then slowly adjust it. Many things are too complicated, so people lose motivation to start. For example, if you want to lose 40 pounds, you think the number is too large, and you don't know how to start, so you keep procrastinating. If you break it down into simple small goals, such as losing two pounds a week, things will become much simpler, and you will find that after 5 months, you can easily achieve your goal.

In addition, learn to iterate and optimize your system. For example, in the process of losing weight, first give up late night snacks, then give up unnecessary social activities, and then exercise for 1 hour every day. Gradually, in the process of iteration, you will find that you have achieved your goal.

The same principle applies to self-discipline and execution in trading. Break things down into small points, correct them slowly, and implement them slowly.

#people #combo #hot

At a party last night, a friend said something that left a deep impression on me. He said: After you get married, you will find that you will never find a partner who is exactly the same as your ideal type.

I suddenly realized. Not only in marriage, but also in life and in trading, you cannot achieve perfection.

When I was trading in the early days, I wanted to find a perfect technical indicator and a perfect trading system that could accurately predict the market and avoid losses. If there was no such system, it must be that I had not found it yet. This obsession made me lose millions.

He also said: Although my wife is not perfect, she is good to my family, children and me. She is good enough and I must cherish her.

This year is my 12th year in trading. Looking back, I found that I have already advanced from a radical to a stable person. My trading strategy has simple logic, clear standards, a very balanced profit-loss ratio and success rate, which can steadily generate some income for me. It is not perfect, but it is stable enough.

Thinking of this, I sighed that the principles of this world and the principles of trading are consistent, and some imperfect people and things are worth cherishing.

#floki #bnb #cake #uni

Which is better for exiting, naked K or moving average?

The difference between the two exit methods is that exiting with naked K is more aggressive, while exiting with moving average is more conservative.

Exiting with naked K is a short-term trading logic, because the frequency of reversal patterns in naked K is relatively high. Even in a trending market, a small callback may form a reverse reversal pattern. At this time, the order will exit and the holding time is short.

Exiting with moving average is a trend-oriented trading logic. In a market with a relatively smooth trend, the K line will usually run along the moving average for a period of time. Even if there is a callback, it will not break through the moving average, and the holding time is long.

Of course, exiting is a part of the trading system, which should be combined with the confirmation trend, opening method, and stop loss method of the trading system.

In short, there are only two criteria for choosing which method to exit. The first is to achieve profitability, and the second is to facilitate execution.

ps: The core of trading is to grasp the essence and laws of market operation. Event-driven and disk change analysis will make your trading simple and incredible. Analyzing market changes is to use your own methods to find trading opportunities. This analysis does not specifically refer to various technical analyses. Being obsessed with technical analysis often leads to failure. If technical analysis can cure all diseases, then everyone can become a trading master. Technical analysis is just an auxiliary analysis method, which can be used as a simple reference.

We don't predict the market, we just follow it.
We can feel the market:
① If the market is rising, we should be optimistic about the subsequent market.
② If the market is sideways, we should make a good trading strategy for the fluctuation.
③ If the market continues to fall, we should be in awe of the market. It is best not to enter the market. If you already have a position, reduce or even clear it in time.

👉Remember: We feel the market and follow it.

The chips in the bear market are the stepping stones to your wealth in the bull market.