[Common Misunderstandings in Trading]
1. [Faith and long-term holding of a certain coin, especially a copycat]
Dog dealers are scumbags, and leeks are innocent girls. Innocent girls have poured all kinds of emotions into them, but scumbags do not love you and continue to hurt you. Please look at it rationally and avoid being brainwashed.
2. [Blindly believe in big V]
Blindly believe in so-called big Vs, they may just be "calling orders" or conducting superficial market analysis.
Understand market dynamics by rationally analyzing the strategies of "order-leading teachers" and calculating "profit and loss ratio" and "win rate".
The iron must be hard itself!
3. [High-multiple contracts, fantasy of getting rich]
Falling into the fantasy of high-multiple contracts, through rational data analysis, realize that low-probability events may not be inevitable. Don't turn trading into gambling, avoid relying on "metaphysics" and "luck" to trade, otherwise you will lose everything sooner or later.
4. [Holding orders without admitting mistakes]
Stubbornly believe that you are always right, learn to accept mistakes and implement timely stop losses, and it is more important to keep the principal than to pursue profits.
5. [Buy at the bottom and try to buy at the top]
Most new traders have not systematically studied the relevant knowledge system. They may blindly apply a certain book or indicator after seeing it. Trading requires thinking with "probability". All indicators or models are probability issues. There are times when they are right and times when they are wrong.
Trading is for making money, not for showing off. If you can make money in the short term, run away. If you can make money in the long term, it's because you chose the right coin!
$BTC
1. [Faith and long-term holding of a certain coin, especially a copycat]
Dog dealers are scumbags, and leeks are innocent girls. Innocent girls have poured all kinds of emotions into them, but scumbags do not love you and continue to hurt you. Please look at it rationally and avoid being brainwashed.
2. [Blindly believe in big V]
Blindly believe in so-called big Vs, they may just be "calling orders" or conducting superficial market analysis.
Understand market dynamics by rationally analyzing the strategies of "order-leading teachers" and calculating "profit and loss ratio" and "win rate".
The iron must be hard itself!
3. [High-multiple contracts, fantasy of getting rich]
Falling into the fantasy of high-multiple contracts, through rational data analysis, realize that low-probability events may not be inevitable. Don't turn trading into gambling, avoid relying on "metaphysics" and "luck" to trade, otherwise you will lose everything sooner or later.
4. [Holding orders without admitting mistakes]
Stubbornly believe that you are always right, learn to accept mistakes and implement timely stop losses, and it is more important to keep the principal than to pursue profits.
5. [Buy at the bottom and try to buy at the top]
Most new traders have not systematically studied the relevant knowledge system. They may blindly apply a certain book or indicator after seeing it. Trading requires thinking with "probability". All indicators or models are probability issues. There are times when they are right and times when they are wrong.
Trading is for making money, not for showing off. If you can make money in the short term, run away. If you can make money in the long term, it's because you chose the right coin!
$BTC