Is the Market Wrong or Are You?
- When posting a status sharing what I've gone through, rude people jump in to insult and criticize...
- Your mistake is being too self-involved, but remember that in this game, only the floor is where the winners are.
- The more you want to get rich quickly, surf the waves, and use high leverage, the sooner you'll burn out because fundamentally, entering and exiting trades means you've already incurred transaction fees.
- Accounts nearing liquidation points also incur insurance fees.
- What must you do to win?
+ Determine that you can hold a profit greater than the fees you have to pay; the fewer trades, the better. You must identify the trend with a perspective of 30m, 1h, and 1day.
+ Accept losses; many people incur losses and then DCA (Dollar Cost Average). DCA will reduce your ability to hold positions if the market goes in the wrong direction.
+ There is only one way, which is to control capital, control greed, and learn how to identify trends and verify whether the market is moving in the direction you have chosen.
+ Analyze and choose reasonable entry points, buying at the best prices.
+ Practice with a small amount of capital. Only increase when you feel confident and can manage your psychology.