How should one operate correctly in the back-and-forth consolidation of the Bitcoin market?
Everyone can review Dayu's published records and public order records. Whether in a trending market or a counter-trending market, maintaining a win rate of over 90% is no exaggeration, right? Long-time followers can see this for themselves; trading is not complicated; what is complex is the human heart.
Three elements of trading: Maintain a good mindset. Trading requires calmness and patience at all times. Do not be lured by the market, nor let the market provoke you. Patiently wait for your entry point.
2: There are no markets that only go up without going down, nor are there markets that only go down without going up. Do not chase highs and cut losses. Imagine that currently, whether in the media or among influential bloggers, everyone is generally mindlessly chasing big gains. The market is also in high spirits, with everyone holding onto their chips looking at 100,000. If the market reaches 100,000, voices will gradually arise to look at 200,000. So who would want to sell their bullish chips? The result is that there are only purchases and no sales. This is something that institutional investors and capital manipulators are very unwilling to see, so deep corrections are inevitable.
3: To sustain yourself in this market for the long term, you must have a complete trading system, including position techniques, risk control, and a technical system. This way, even in volatile markets, you will have clear guidance. Even if the profits are small, it is very easy and rewarding; in a one-sided market, it allows you to have a sense of trend. If you see it correctly, strive to maximize profits, and if you see it incorrectly, be able to control risks well.
Investment is a long-term process with joys, heartaches, and sometimes even pain. But this is investment; it is not just about making money. More importantly, it is about cultivating a mindset for making money and methods for utilizing funds. Whether you are trading alone or following a teacher, I hope you can avoid these avoidable mistakes. Seeing my post is a kind of fate, and I believe deeply in fate. I am not acting as an analyst; I am a sincere friend, and I hope to help you as much as I can.