Once you realize this, your career in currency trading will be like cheating!

1. Don’t talk about the top when it rises, and don’t talk about the bottom when it adjusts. There are many things that we think are different from the real situation. There is a saying that people are always overconfident, which will make them suffer. The same sentence applies to the market. I always feel that it is in place, but it is often still continuing. I always feel that the rise is coming to an end, but I end up getting off the market early.

One judgment criterion is that if the fundamental upward trend has not ended, you must hold on to it. If the market has entered an adjustment period, do not buy the bottom no matter how exciting the value is.

2. Even if the position is small, it should be divided into positions. A model is a system, and the content is how to do it, rather than just doing whatever you want based on your feelings. Sometimes when the position is small, it doesn’t matter, which leads to randomness and making mistakes again and again. Risk control determines how long you can survive in this market.

3. When the opportunity comes and you choose one of two or three currencies, don’t hesitate to buy them all. Believe in luck. Don’t put your eggs in one basket, otherwise it will easily lead to a phenomenon where the choice will be basically unchanged. And those who didn’t choose have already taken off.

4. In the long term, don’t look at emotions, but mainly look at fundamentals. The key point of thinking is to choose an upward track. For example, how many benefits are there? Halving, ETF, interest rate cuts, and upgrades are all clear benefits. If the fundamentals are good, don’t look forward and backward.

5. People who are afraid of heights are miserable. There is nothing wrong with being afraid of heights, but the mistake is that you are determined not to cut your flesh when it goes down, but when the reversal comes, you can no longer hold it after it rises a little. This is the so-called operational deformation. The mentality is greater than the technology. If it rises a little, then run away. What is the purpose of coming to the market?

6. No one is perfect, you must learn to reconcile with yourself. It is not terrible to make mistakes. What is terrible is the infinite self-blame after making mistakes, and you can't extricate yourself from emotions. In fact, it is not necessary. Make a good profit-loss ratio, strengthen execution, and win if you can't afford to lose. Sorry, it’s just the pros and cons of an incident #BTC #ETH