Today I will share what I have learned in the currency circle in the past five years and will explain it to you from four aspects. When you can understand the content thoroughly, then I believe that you will definitely be able to improve your level in the currency circle!
First, explain the minefield of consciousness that exists in our transactions.
The minefields of consciousness that exist in trading:
1. We must understand that no matter who is able to predict the future, even if it is the rise and fall trend of any day, we can only predict it accurately, and we can only predict roughly, but generally using the word "roughly" means uncertainty;
2. Your butt determines your head. Your position will significantly affect your view of the market, and it is likely to be inaccurate. Do not operate based on preconceived ideas and subjective assumptions;
3. Don’t take any chances. Even if it is an arbitrage strategy, there is still a risk of being short-changed or even liquidated; (in other words, relying on bluffs).
4. Any model will be mixed with retracement profits and losses, but in the end, the profits will be greater. There is no absolute Holy Grail, only profits and no losses; no strategy is To be able to achieve long-term and stable high returns, any certain strategic model is not static and has a certain timeliness, so it needs to keep pace with the times.
5. Risk is definitely not just a number. You must be aware of risk at all times, especially when everyone thinks they can make money by buying anything. When trading, you must guard against arrogance and impetuosity, and always respect the market. Sudden bad news, macro-control, artificial interference, etc.
6. Don’t extrapolate the results backwards. Use correct methods to ensure correct results, rather than using good results to demonstrate the effectiveness of methods. Temporary luck may bring you high profits, but it cannot last long. Use methods to verify the results, establish and continuously improve a trading model that suits you and can make stable profits. The above six points are the minefields that everyone subconsciously exists in trading now. If they are corrected, they will be encouraged! If you like more, we will continue to update the next three solutions #BTC