In the art of trading, the strong are easily broken. Only the most yin and soft can dominate the world. Nothing in the world is as soft as water, but the highest good is like water.
Success is equal to small losses plus large and small profits accumulated many times.
It is very simple to avoid big losses. Survival is the first principle. When there is a danger of hindering this principle, abandon all other principles. Because no matter how many 100% excellent performances you have had in the past, if you lose one 100% now, you will have nothing.
The way of trading is to defend the invincible position and attack the enemy that can be defeated. A 50% loss of 1 million yuan becomes 500,000 yuan, but a 100% profit is required to increase 500,000 yuan to 1 million yuan. Every success will only make you take a small step forward. But every failure will make you take a big step back. It takes an hour to walk from the first floor of the Empire State Building to the top floor. But if you jump from the top of the building, you can get back to the bottom in just 30 seconds.
In trading, there are always unexpected things that will cause you to lose money. The simplest way to determine whether you need to stop loss is to ask yourself a question: if you have not established a position yet, are you willing to buy at this price? If the answer is no, sell immediately without hesitation.
Going against the trend is the beginning of failure. You should not fight the market, or try to beat it.
There is no need to be smarter than the market. When a trend comes, respond to it and follow it. When there is no trend, observe it and keep calm.
It’s not too late to take action after the trend finally becomes clear.
This will lose a small amount of opportunity, but gain the security of funds.
Your goals must be aligned with the market and follow market trends.
If you stay in line with the market, profits will come rolling in.
If you misread the trend, you have to use the old and reliable umbrella - stop loss order.
This is the relationship between trends and profits.
The two most basic rules for successful trading are: stop loss and long holding.
On the one hand, cut losses and control passivity. On the other hand, don’t exit easily before the profit trend is over, and let the profits grow fully.
In a bull market, most currencies can be held without fear of being temporarily trapped. Because the next wave of rise will quickly allow people to get out of the trap, or even make a profit. At this time, if you buy the right ones, you must know how to sit still, regardless of the wind and waves, which is better than strolling in the garden.
The key to trading is to maintain the advantage.
Quickly admitting losses is an important principle in market transactions when confirming wrong purchases.
When a position suffers a loss, never add to the bet.
In the counter-trend market trading, not losing or even losing less is winning. The more you do, the more mistakes you make; the less you do, the fewer mistakes you make; and if you do nothing, you make no mistakes.
For example, in an obvious bear market, if you refuse to exit for fear of small losses, you will suffer big losses sooner or later. It is right to sell a currency that is struggling in a medium- to long-term downward trend at any time, even at the lowest price. Passively holding and waiting for its bottom is a dangerous view because it may not have a bottom at all.
Learn to let funds enter in batches.
Once the initial entry position incurs a loss, the first principle is not to increase the position. The initial loss is often the smallest loss. The correct approach is to set up risk control in advance to minimize the loss. If the market continues to be unfavorable for the initial entry position, it is a bad transaction. No matter how high the cost is, you should immediately recognize the loss. Those who hope to get it right at the bottom or the top will always get a hot potato.
In a bear market, even if you have a lot of money, you can’t win. Institutional investors often die more miserably than retail investors.
There is no need for small funds to build strategic positions, and there is no need to prepare in advance for the unknown market conditions in the coming year. There is no need to fight the main force to the end.
In a clear downward trend, a small rebound of 20-30 points is not worth getting excited about or participating in. Only by not doing something can you achieve something.
More actions do not necessarily mean better results. Sometimes doing nothing is the best choice.
Don't worry about missing opportunities. A good hunter must be good at waiting. When there are no big opportunities, be as quiet as a stone.
The key to trading is to wait patiently for opportunities, wait patiently for the most favorable risk/reward ratio, and wait patiently for opportunities.
In a bear market, there are always some institutions that hold other people's money and desperately look for opportunities to struggle in order to break out of the predicament even if there is only a one-in-ten-thousand chance of success. We hold our own money and should cherish it.
Don't blindly test the bottom, and don't blindly buy the bottom. You should know that the bottom and the top are the areas where you are most likely to lose a lot of money.
When you are confused, don't make any trading decisions. Don't force a trade if there is no appropriate market. Don't force an entry if there is no chance of winning.
The cryptocurrency world is like a battlefield, and your funds are your soldiers. Only when the general direction is correct can you calmly engage in battle. You must win first and then fight, not fight first and then win.
The core of speculation is to avoid uncertain trends as much as possible and only bet on obvious rising trends. And before taking action with considerable confidence, buy yourself an insurance (stop loss to get out of the game) to prevent your own subjective mistakes.
To trade, you must have the ability to start over again, including in terms of funds, confidence and opportunities. You can be defeated by the market, but you must not be eliminated by the market. We come to this market to make money, but this market is not an ATM.
Entering the cryptocurrency world means robbing those who are always ready to rob you. Cryptocurrency speculation requires timing and skills. Opportunities do not come every day, and even if they do, not everyone can seize them. You must learn to analyze the opportunities you are good at seizing, and use your strengths to attack the weaknesses of others. If there is an opportunity, take a vote. If there is no opportunity, wait and leave. If you don’t know what you are good at, don’t act rashly. Swimming with crocodiles is risky, so be cautious when entering the market to make money.
When trading, it is taboo to use pressured funds. Once the funds are under pressure, the mentality will be distorted. You will panic and exit the market due to normal fluctuations, and only later find that you were in a very advantageous position. You will also be restricted by the time limit for using funds, and bet everything when there is no opportunity, and eventually lose everything. Many people are diligent and eager to learn.
He always talks about Gann and Elliott. When he is right, he shows off everywhere. When he suffers a huge loss, he thinks he is not skilled enough and works even harder.
The windows of time are opening more and more, the wave theory is applying, the money is getting less and less, and finally I become confused and cannot wake up.
You should know that all theories and techniques can only be used well under the premise of respecting market trends. If you are always stuck for a long time, it only means that you can't even distinguish the most basic bull and bear trends in the currency circle. No matter how good you are at reading the market and how magical the numbers are, you can't change your fate of failure. Even if there is another bull and bear cycle, you will still be stuck. You are still talking about Soros and Buffett, what nonsense!
Fund management is a strategy, buying and selling currencies is a tactic, and the specific price is a battle. In ten transactions, even if you fail in six transactions, as long as you control the losses of these six transactions within 20% of the total transaction principal, the remaining four successful transactions, even if you use three small profits to make up for the 20% loss of the total transaction principal, the remaining one big profit will also make your income not low.
You cannot control the direction of the market, so there is no need to waste energy and emotions on situations that you cannot control. Don't worry about how the market will change, but worry about what countermeasures you will take to respond to market changes. It is not important to judge right or wrong, but what is important is how much profit you get when you are right, and how much loss you can bear when you are wrong.
Before entering the market, calm down and think about it. Think about how much professional skills you have to support yourself in the market, think about whether your mentality can withstand the ups and downs of big winds and waves, and think about whether the limited funds in your pocket can cope with the unlimited opportunities and losses.
Cryptocurrency trading is like going out to sea, it is safe to avoid risks. There are a lot of nautical charts on the sunken ships on the seabed.
The most important factor for successful trading does not lie in which set of rules you use, but in your self-discipline.
Time determines everything. Life is not just a battle of strategy, but also a competition of time and life to some extent. If you are not satisfied with the recent market operation, please consult btc0796 and find me to discuss the market.
If Buffett lives another 10 years and makes even a 5% profit every year, the total growth of his wealth will be enough to make him the best in the world.
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