Five Tips for Beginners! Following these will help you avoid many detours!
1. Don't trade in market conditions that don't belong to your trading system. A fixed system cannot capture all market movements; some extreme conditions are just for observation and actually have nothing to do with you.
2. Don't open positions you can't manage. Calculate the bankruptcy rate based on your capital, determine the maximum loss that each position can withstand. Trading is a long-term process, maintaining stable positions is far more important than catching a big market movement.
3. The trading system should withstand backtesting, be easy to execute, and have no issues of over-optimization.
4. Have faith in the system, and maintain psychological expectations when facing consecutive stop losses during adverse periods. This expectation is also based on backtesting, including the number of consecutive losses and historical maximum drawdowns; it’s essential to anticipate the possibility of future market conditions breaking drawdown records and to have corresponding psychological expectations.
5. Changes in emotions can be noticed through self-observation, allowing for appropriate adjustments. It’s impossible for a person to be without emotions, but being able to adjust promptly during emotional fluctuations is a crucial factor in determining how far one can go in the trading market.#比特币打破感恩节魔咒