After entering the market for 8 years, I started with a capital of 1 million in the first 3 years, intending to make a big impact, but I was severely taught a lesson by the market, with funds reduced to only 100,000. Relatives and friends criticized me, saying I was foolish for trading stocks, neglecting my family, and lacking ambition; harsh words were endless, and I was filled with frustration, almost ready to give up.
But I refused to admit defeat and vowed to my husband to give it one last shot with this remaining 100,000. After that, I focused on studying, and fortunately, in the next 3 years, I turned that 100,000 into over 15.5 million.
Now, I don't hold back and share my practical experience.
Firstly, understand market popularity and sentiment. Trading volume and open interest are key signals; increasing volume without a price drop may indicate a bottom, while increasing volume without a price rise may signal a short-term peak; an upward trend requires consistent and even volume, and a downward trend with volume breaking key levels indicates continuation; increasing positions during stagnation may suggest selling short, while increasing positions during a decline may indicate a rebound.
Secondly, lock in key levels. Use technical tools to draw resistance, support, and trend lines; I often use Fibonacci retracement to predict levels and act decisively when the stock price touches or breaks through.
Thirdly, follow trading rules. Operate only one type of asset at a time and continuously track it until it loses speculative value.
Fourthly, make good use of market observation windows. Use a one-minute window to catch entry and exit opportunities, a three-minute window to observe trends, and a 30-minute or 60-minute window to monitor intraday trends; after a stop loss, don’t rush to recover, but start anew with a new position.
Finally, I want to share a "foolproof" high win-rate trading method: set 5-day, 15-day, and 30-day moving averages, with the 30-day moving average being the lifeline; select stocks that are rising or consolidating, dividing the capital into three equal parts, and buy in increments of 30% as the stock price breaks through the respective moving averages; subsequently, determine position size based on the retracement of the moving averages, and sell conversely. It's simple but requires execution; if done this way, there is potential for profit.