The Essence of Trading - Waiting
What is the essence of trading? Waiting for what?
1. For trends, wait for pullbacks
2. For oscillations, wait for highs and lows
3. For bounce plays, wait for volume
4. For breakouts, wait for retests
5. For bottom fishing and top picking, wait for reversals
The market has one thing that cannot deceive people
That is, low volume candlesticks can be faked
High volume can be faked through wash trading
But low volume cannot be faked
With this point, one can remain undefeated
One must observe more, learn more, and think more,
To enhance one's understanding
What does the advanced realm of trading look like?
Stay away from noisy environments, stay away from complex information, only rely on your own judgment.
No noise, only daily watching of the market, reviewing trades.
Less fear
More purity
A mind like still water
The simpler, the purer, the more successful.
