1. Do not be proud and complacent when making profits.
An arrogant person ultimately destroys themselves in their pride. In the process of investment and wealth management, if a person becomes proud and complacent due to making a profit, there will always come a day of loss. The reason is that proud and complacent people will not listen to others' opinions and suggestions because of a little achievement. Even if the market changes, they will stubbornly believe in themselves, thinking their decisions are correct, and neglect risk prevention, which will likely lead to losses.
2. Do not rush to recover losses when in a loss.
It is normal to have both gains and losses in trading. After discussing profits, let’s talk about losses. Profits can make some people proud and complacent, while losses can stimulate many people's desire to recover their losses. However, recovering losses also depends on timing; if one is too eager to recover losses, it may lead to irrational decisions. For example, some people, eager to recover losses, may bet all their trading capital on a stock that seems to have great potential. However, the market is always unpredictable and uncontrollable. If that stock falls, not only will they not recover their losses, but they will incur even greater losses.
3. Do not be greedy for quick gains.
Accumulating wealth through trading is a long process. If during this process, one is both greedy and seeks quick profits, it is fundamentally impossible to achieve wealth growth. Both of these mentalities will lead to a relentless pursuit of benefits, and when faced with high returns, one will lose rationality. High returns mean high risks; blind investment can only lead to failure. Only by pursuing stable growth of wealth can one balance risks and profits.
4. Do not be overly concerned about gains and losses.
Yingying believes that investors who are overly concerned about gains and losses often struggle for a long time before investing, fearing that their money will incur losses. Once they finally decide to invest, this mentality becomes even more pronounced. As soon as they see their account balance decrease, they become anxious and irritable. If it decreases too much, they either withdraw their investment or seek insider information, hoping to recover their losses quickly, which ultimately usually ends in loss. Additionally, if they hear news about platforms running away or withdrawal difficulties, they will worry about the safety of their investments. Even if their platform has no issues, they may choose not to invest anymore, making it difficult to continue on the path of investment and wealth management.
If your mindset is always out of adjustment, it will be difficult to see the situation clearly. Once your investment mindset stabilizes, let's talk about the trading skills you want to know.
1. Use technical indicators but do not get bogged down in the quagmire of technical indicators.
There are countless technical indicators in candlestick charts. Sometimes learning too much can confuse a person's objective analysis. The ultimate goal of studying these indicators is to use them to obtain the information one needs. If the needed information is obtained from a certain indicator, then there is no need to be entangled with other indicators, as many indicators in candlestick charts have similarities.
2. Go with the trend.
Those who go with the trend will prosper, while those who go against it will perish. In investment, one should go with the trend; grasping the big trend is like boarding a spaceship that will quickly take you to greater heights, making it hard not to make money. Conversely, if one operates against the trend, especially in a major market movement, the counter-trend operator will fall into an abyss that cannot be filled, deeply ensnaring the investor and causing significant losses. Therefore, grasping the trend is more important than anything else.
3. History may not repeat itself, but there are lessons to be learned. In terms of technical analysis, there are indeed times when clues can be captured from historical data. The cyclical nature of the market never changes; other markets are the same, transitioning from adjustment periods to growth periods, from growth periods to maturity periods, and then from maturity periods to recession periods, in a never-ending cycle. Therefore, historical data can be considered comprehensively in technical analysis.
4. Conduct in-depth analysis of news.
The currency market transmits a vast amount of information daily, so it is very important to conduct in-depth analysis of this information. As a qualified investor, the most basic requirement is to learn to distinguish the authenticity of information, especially since some half-true and half-false news can be very misleading. Sometimes, a single piece of news can directly affect the directional judgment of the market.
5. Summarize experiences and find a method that suits you.
Watching fish by the pool is not as good as retreating to weave a net. Without entering the tiger's den, how can one catch a tiger cub? We often envy others for how much money they can make in the currency market. We always see others operating enthusiastically, but we ourselves hesitate to enter the market, fearing that once we do, we will lose everything. Here, I suggest that if you have enough knowledge and skills, when in life will you have such opportunities to fight?
The two main factors that dominate the market, technology and news, are topics that investors have long debated. Is the market dominated by technology or by news? Actually, neither; it is human sentiment that dominates the market. Without profit-driven motives and greed, there would be no traps and struggles. To operate in the market, one must deeply understand the strategies of advance and retreat to remain stable amidst the winds and turn crises into safety amidst traps.
Still the same saying, you give trust, I will repay with profits!
If you are already in a situation that is not ideal, come to me, I will help you and won't let you make mistakes again; if you have been struggling in this market and are covered in wounds, why not come to me? I will confidently help you regain your confidence.
These days, I am preparing for the launch of a great opportunity!!!
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Impermanence brings impermanence brings impermanence!!!
Important things are said three times!!!
