Trading can be summed up in 16 words.
The Great Way is Simple, Go with the Trend, Stop Loss in Time, and Let Profits Fly.
The Great Way is Simple, that is, if it goes up, it goes up, and if it goes down, it goes down. It is easy to judge whether it goes up or down. If the moving average goes up, it goes up, and if it goes down, it goes down. It is that simple, don't think too much.
Go with the trend, that is, go long when it goes up, and go short when it goes down. It does not mean that going long when it goes up is definitely right. It is not about right or wrong, but about the amplitude. When it goes up, the greater probability is that it goes up more and falls less. Only a large amplitude can bring big profits.
Stop loss in time, that is, stop loss when it is wrong,
Let profits fly, that is, hold on to it when you make money.
In reality, most people lose money in the opposite way, analyzing this and that, going against the trend, running away when they make money, and resisting when they lose.
All the examples of people making big money are basically made by relying on these 16 words. This model is not profitable most of the time, because big market conditions are not common, which is against human nature. Once there is one, you can eat it from beginning to end, and you will get rich twice in your life.
Trading is simple, but difficult to do. I often watch and think about it myself.
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