First you have knowledge, then you have methods, make bold guesses, and then verify them carefully
Many people have been going around in circles for more than ten years, and the gold wire frames have been replaced with reading glasses without a continuously profitable trading system. In the end, they attribute all their failed trades to their mentality problems.
Most traders refuse to admit that they use factors such as entry time, trading time, backtesting of various strategy systems, hours of watching the market... to deny technical problems, and some even think that technology has no It’s useful, but the fundamentals are useless. This market is short-term, with most swing players and very few long-term players. If technology doesn’t work, what’s the use?

Trend trading, as the name suggests, involves buying and selling in accordance with the current trend. If the current trend is rising, buy to open a position; if the current trend is falling, sell to open a position. Although there is no issue with understanding trend trading, this is merely the surface significance of trend trading. In actual trading, it is not easy to execute because many uncertain factors are involved, including trend analysis and judgment. The same trend can have different interpretations by different traders.
Secondly, there are significant differences in choosing which level to follow the trend. Some traders prefer to follow larger level trends, while others prefer to follow smaller level trends. Moreover, trend trading also has its drawbacks. The biggest drawback of trend trading is that it can lead traders to chase highs and sell lows. Because some traders see the trend late and wait until they see it clearly, they may already be at the late stage of trend development, which leads to chasing highs and selling lows, which is also a significant hassle.

There must be knowledge before there can be methods.
The conditions for entering the cryptocurrency market are low, and the capital threshold is low. You can enter with a phone number and 100 RMB of capital. Taking A-shares as an example, the proportion of accounts with less than 100,000 in 23 years is 72%. In the cryptocurrency circle, it is very likely to reach 92% or even more.
Small capital means small long-term returns, so it cannot be held for a long time. For small capital, only short-term transactions can improve capital utilization and thus achieve personal expectations. Most people here have realized that short-term trading has high risks and a small profit and loss ratio, but due to funding issues, they cannot engage in long-term trading. It has nothing to do with technology. It is like everyone knows that working for a part-time job has more stable income than starting a business, but they still choose starting a business with greater risks.