Ten years of experience tells you that if you don’t understand “trading levels and cycles”, don’t enter the market! Otherwise, you will definitely lose money! (with illustrations)
Too many people have studied trading for many years but still have not achieved the desired results. Many times, they fail because of the problem of "trading level and cycle".
There is a line in A Dream of Red Mansions: "Even if there are three thousand rivers, I only take a scoop to drink", which means: "There is a lot of water in rivers, lakes and reservoirs, but I only take a scoop to drink", reminding future generations that they may encounter many beautiful things in their lives, but it is enough to grasp some of them with all their heart, keep a clear head, and pursue what their heart really needs.
The same is true for our transactions.