Hello everyone, welcome to my technical analysis channel, I am Xingzhou. Today we are going to talk about trading mentality.

In the past few days, the view that technology is useless has begun to emerge in major community discussion groups. It seems that every time there is a sharp drop in the market, this view will emerge from the bottom of people’s hearts. 😂

Back to the title, why do many people still hold the view that technology is useless? I personally think that a big part of the reason is that they don’t have a deep understanding of the essence of technical analysis (it may also be because they have read too many articles by Mr. Yongzhuan 😅)

Do you often hear, "This dog dealer is targeting my position again to make me lose money", "The dog dealer is about to blow up my position", "The dog dealer is here to cut me again"?

Let me first talk about my personal thoughts when I heard these remarks. I felt speechless at the first moment. Any trader who has read certain trading books and has undergone systematic learning knows that these situations may occur if the market value is only a few million or a few hundred thousand. But for targets with a market value of tens of billions or hundreds of billions, such as BTC ETH BNB SOL, this type of market maker institutions trade at the level of tens of billions. Take this point for example, do you really think they care about your position of tens of thousands of U?

The most taboo thing about trading is the conspiracy theory that these dog dealers are always trying to harm me. All major trading books have said that the best way for retail investors to make a profit is to follow the footsteps of the dealers.

Many people think that technology is useless because they have too many subjective ideas. They only have one idea: "The market will definitely soar" or "The market will definitely plummet" and so on.

Little do people know that when analyzing the market, it is most important to judge the market trend objectively. The market is independent and cannot be controlled by you or me. The effectiveness of the market analyzed objectively will be greatly improved. If you analyze with a bullish subjective mindset at the beginning, you will often subconsciously judge in the bullish direction. What is the point of this analysis? What is the point of not analyzing the essential trend of the market?

Put aside all your ideas and only keep the tools and systems you need to analyze. Only then will the market trends you analyze be meaningful.

Well, that’s all for now. Next time, let’s talk about the difference between institutions and retail investors.

Just listen to my opinion, as the saying goes, "Investigate things to gain knowledge"

Thank you for watching. This is Xingzhou, which focuses on technical analysis. See you next time.
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