I saw a question like this: closing a long position after losing 80% and then 10%,
just a few minutes after closing, it reached a 90% profit,
feeling very uncomfortable, what to do?
This is the current state of most newcomers.
Entry and exit rules are not clear enough.
Feeling like I can't manage my position, can't hold onto profits,
can't escape the top and can't gauge the support level, always getting scared away.
It's not that your intelligence is lacking, but your mindset is not right.
We need to understand: choice + accepting fate is the underlying logic of making big money!
If you choose to trade frequently, your basic understanding is:
No one can predict short-term trends, not even Buffett.
If you insist on thinking you are a deity incarnate, there's nothing I can do.
For those who engage in short trading and contracts, we need to understand,
in this ecosystem, the only ones who can consistently make money are,
the traders who collect trading commissions, like Binance.
In summary: remember the core idea of Sun Tzu's Art of War: seek victory first, then seek battle. Understanding this phrase, whether we are starting a business or investing, will keep us undefeated.