Beware of the traps of K-line (candlestick) trading! (Next article)
1. For easy viewing, the chart has been adjusted to: red columns for rising, green columns for falling.
2. The candlestick chart, also known as the K-line, is the most basic unit in technical analysis, reflecting the most realistic trend situation (long and short forces) in a period of time.
3. However, it is not recommended to use candlestick chart trading alone, but to use it in conjunction with other indicators (for example: support and resistance levels + candle top and bottom signals).
4. Note that compared with intraday resistance and breakthrough, the resistance and breakthrough of the closing price are more important (that is, the breakthrough of the entity part, not the lead part)
Any mentality that tries to win without losing is unhealthy and self-deceiving. Losses and profits are the reality you have to face every day. There is no need to panic and be greedy.
If you want to pursue long-term stable and continuous profitability, you must spend your energy thinking about risk control, entry and exit rules, etc., instead of wasting time on market forecasts.
