I won’t do market analysis today, and I will maintain the viewpoint of yesterday’s post.
Let’s talk about trading skills besides market:
As I often say: Don’t only look at long and short positions in the market. If the direction is right, you will lose money even if the position is wrong. If there are only long and short positions in the transaction, why is there a 50% probability of losing all the time? Is it bullish if it goes up? Is it bearish if it goes down?
1. Cycle 2. Trend 3. Position 4. Stop profit and stop loss 5. Review
There is a 50% probability for long and short positions, but they keep losing?
Is it really being targeted?
1. Cycle
Different cycles have different long and short positions, so the probability of 50 is not logically valid. Many people are doing 15m transactions, considering the bullishness at the daily and weekly levels. When they see the order, they want a villa by the sea, so they only look at the probability of long and short positions. The starting point is wrong.
2. Trend
Trend judgment is not difficult, but human nature is difficult to control. When the market falls, people always think that only rebounding can bring big profits. Yes, big profits are true, but profits and losses come from the same source. You should be prepared to lose as much as you want to gain. If the profit and loss ratio is not appropriate, the transaction will not be established.
3. Position
If it rises, chase it. If it falls, sell it. It is difficult to have two big rises and falls in a year. Chasing high and selling low is a taboo.
4. Stop profit and stop loss
As soon as the order is opened, the villa is close to the sea. I won’t name it.
The simplest profit and loss ratio
The skill is to cooperate with support and pressure
5. Review
If you don’t review, you will always know where the mistakes are.
