Success is a habit, successful trading is also a habit! Many traders mistakenly think that the process of participating in market trading requires hard work, but this is a misunderstanding; the so-called hard work refers to the process of forming methods, not the process of participating in practical trading.
In fact, successful trading is simply the simple and repeated use of the correct patterns! Successful trading is just turning the right trades into a habit!
Tolstoy once said, everyone in the world wants to change others, but no one wants to change themselves. Rodin also said something similar: "Someone asked me why I can carve a stone so lifelike, and I told them, in fact, the beauty has long been in life; I just knocked off the excess parts."
Everyone has their own personality traits, which are important characteristics that distinguish us from others. Each trader also has their own personality traits, and due to these differences, traders exhibit obvious distinctions in trading, which we collectively refer to as 'trading style.'
There are many principles for successful traders, here are some for traders to reference:
1. Plan your trades, trade your plan. Choose your entry points carefully, trade with the trend and not against it; take opportunities where you can lose less and win more, avoid unclear markets; control your emotions, think independently, analyze calmly, and strictly follow your plan in trading to make quick decisions without hesitation.
2. Only use money you can afford to lose; start with small low-risk trades, learn to swim while swimming, and trade according to what you can afford to lose. A gentleman does not stand under a dangerous wall; retreat wisely in turbulent waters, and learn to accept failure.
3. Stick to doing what you can, leave some room. When making money, it’s important to secure profits at the right time. Once you can profit and win, holding onto those profits is a skill; avoid turning profits into losses, and take profits when there are large gains.
4. Trade with active products; do not overly diversify the battlefield. Avoid trading in quiet months, and change contracts promptly; also pay attention to products with large price differences among similar products.
5. Avoid predictive trading, patiently wait for the perfect trading opportunity; being in cash is also a kind of battle.
6. Pyramid-style scaling in; scaling techniques are the art of trading and also a great knowledge that cannot be summed up here. But there’s a major principle: scaling in mainly aims to amplify the profits from the entire market segment, but at the beginning of a market trend, no one knows if it’s a trending market or a consolidating market, so it’s best to scale in when in profit, so the psychological pressure won’t be too great. When scaling in, don’t add everything at once, but gradually increase your position.
Additionally, successful traders often possess three characteristics:
First, they can better grasp major trends, linking significant events with charts to find trading opportunities.
Second, strong logical thinking and analytical abilities, making trading decisions rigorously;
Third, adhere to principles, execute according to the plan, and have decisiveness.
Achieving success in the crypto market is not a one-size-fits-all approach; every investor in the crypto market can weigh their abilities, personality, strengths, and the resources around them, and carefully consider which path is most suitable for them.
No one supports my ambition to reach the sky, I step through the snow to the mountain peak.
If one is not destined for this fortune, one can still ascend Kunlun alone.
Suffering and hardship cannot take away the ambition to soar; as long as one does not die, there will always be a day to rise.
If there is a time for a comeback, I can eat raw huanglian (a bitter herb) and still call it sweet.
These days I am preparing for the launch of a godly layout!!!
Comment 168, get on board!!!
Impermanence brings impermanence brings impermanence!!!
Important things should be said three times!!!
