The shorter the time period, the harder it is to judge trading opportunities.
There is a saying that everyone is familiar with: the capital market is a voting machine in the short term and a weighing machine in the long term.
In the currency circle, this short term, or even a time length that everyone cannot tolerate, everyone hopes to get rich overnight.
This is also why the currency circle is difficult to play. The time period is too short. In fact, it is more of a gambling based on luck. What you earn by luck will also be lost by strength.
Is it so difficult to wait for a good bottom-picking structure?
Generally, there will always be one or two opportunities in a year. What is certain? That is, there will be black swans in the currency circle every year. This is certain.
From the big drop in 2018, to the bottoming in 2019, to 312 in 20, to 519 in 21, to FTX in 22, to Silicon Valley Bank in 23, and the low-volume volatility bottoming before ETFs passed.
There will always be a clear event or a very good structure to build a position. Why do people still lose money?
Because there is an opportunity once a year, we can't wait, we need to double 10 times every day.
