I won't write an analysis today. I will stop and restrain myself. I will continue to share the topic that was not finished in yesterday's article. Many coin friends asked, "The academicians in the coin circle say every day that the fundamental of trading is survival. I have heard it so many times that I am tired of it. Now I can basically survive in the coin circle. So, everyone forms their own trading system according to the trading rules of the academicians in the coin circle. After that, the trading will become stable. What should I do after it becomes stable?" This is a very good question.
Careful coin friends should have discovered that each transaction made by the coin circle academicians does not affect each other, especially after we have continuous stop losses, the next transaction is easily affected by the previous loss, because continuous losses are too easy to happen, we must jump out,
First, let's take an example. There are 100 warehouse orders and 30 loss orders. Then these 30 loss orders must be unevenly distributed. It is normal to lose three or five orders in a row. Therefore, we must keep a cool head and not let our previous profit or loss affect our next decision. If we are wrong, we must admit our mistakes and correct them. No one in the currency circle can be 100% accurate, so it is not shameful to make mistakes.
Second, don't waste bullets. Always remember the words of the academicians in the currency circle. Put survival first, put risk first, and change from wanting to make a big profit quickly to first protecting my funds. You can imagine that you have a gun in your hand. Unless you see the opportunity that you are aiming at the prey, you will not be able to make a fatal blow. Therefore, you must learn to wait. If you learn the word "wait", you can surpass more than 90% of the people in the currency circle.
Third, the more favorable conditions we have when opening a position, the better. It should be whether there are patterns or pattern indicators. All cycles should move in one direction. The more conditions are met, the greater our chances of winning and the greater the probability of survival. Therefore, we spend most of our time waiting. Don’t aim everywhere with a gun. Academicians in the currency circle have the patience to wait. Do you have the patience to wait?
Fourth, you must remember what the academician of the currency circle said: basically give up the market that makes you hesitate. I changed from wanting to seize any opportunity, fearing that I would miss the opportunity to get on board due to the breakthrough of the market, to only looking for opportunities that meet my opening model, and giving up all those that are not proportional to the profit and risk, to avoid meaningless transactions. I have said that most opportunities in the market are traps.
Fifth, we must have self-control and self-discipline. Academicians in the currency circle often say that each of us is a trader, so when we operate, we must think about problems from different angles. Genius traders must think about problems from a rational perspective when trading. Don't operate based on feelings. Too many people in the market chase ups and downs based on their feelings, but they are dominated by your greed and fear. Once your emotions fluctuate too violently, your transactions will be deformed, so you must stay calm and think rationally.
Sixth, do not add positions easily, especially when you are losing money. The more you add positions, the greater your risk will be. Just like the reason for the stop loss exit of Bitcoin given by the academician of the currency circle the day before yesterday, the wrong time to adjust the position, the wrong time to enter the market, and finally the stop loss exit, these are all bloody lessons. Similarly, do not expand your stop loss distance for fear of making mistakes due to excessive pursuit of winning rate. It is normal to make mistakes. You just need to follow your trading rules.
Seventh, avoid watching the market too much and being too nervous. Most newcomers in this market are not in a good state of mind and are easily affected by market fluctuations. Some people even have trouble sleeping because of this. They are thinking about their positions in their dreams. Once you place an order, it doesn’t matter whether it is a take-profit or a stop-loss order. Pay less attention to the K-line, because the large positive and negative lines in the fluctuations can easily mobilize your emotions, and you may end the transaction early, especially when you are profitable. If you really want to watch the market, just pay more attention to the digital quotes. Before each transaction, the academician of the currency circle will tell you what the trend of the market is, where the take-profit and stop-loss are, and how many steps to open a position. Just strictly follow the trading rules I set for you to execute. Over time, you will naturally form a trading system of your own.
Eighth, trading is not everything in life, you still have to work and live. I once lost money and was anxious to make it back. It's like a handful of sand. The tighter you hold it, the easier it is to leak. So you have to survive first. We can only survive if we survive in trading. I often say that although my suggestions cannot make you rich overnight, what I can do is that you will always be there according to the trading system of the academician of the currency circle. Come on, I hope everyone can go all the way with me to the end.
It is highly likely that the market will turn around after hitting the bottom, so the thinking these days tends to turn around. I will not write the analysis today. I will start to give you analysis references and entry points tomorrow. I promised to stop for two days, so I will stop for two days. Looking at the trend of these days from outside the chessboard will make it clearer.
This article is originally contributed exclusively by the academician of the currency circle, and only represents the exclusive views of the academician. Thank you for reading
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