Trading is all about management. Managing our capital, our time, our analysis, and ourselves.
——Alexander Elder, "Into My Trading Room"#MBL
Guide
Another masterpiece of Gate, another group of leeks were cut. If you were cut once, I could understand it. If you were cut twice in a row, it might be because you were lucky. If you can achieve the achievement of being cut three times in a row, then I advise you to leave the market directly. This market is really not suitable for you. It is better to work hard and save some Yu'e Bao.
Before Gate conducted its IEO, I made it clear that in my mind, Gate is just a third-rate exchange. If Binance is leading the trend, Huobi and OKEx are following the trend, then Gate is a tide watcher drowning in the tide.
I do not deny that many people have made money through these IEOs, including myself who made money on CNNS, but I still give the advice of “don’t participate” when fans ask this question, because not everyone trades rationally, and one of the main characteristics of leeks is that they are controlled by emotions in trading.
If you want to FOMO these routines, my suggestion is: only play the first one of each method, and the one on the big exchanges; if you want to play it a second time, you must play with profits!
It is normal to be harvested by the market, because everyone has gone through this step. No matter how awesome a person is, he or she achieves success by constantly encountering and solving difficulties.
If you ask me some technical questions, I will be happy to answer them, but if someone only says "I don't understand" or "I can't do it" when faced with difficulties, I will never pay attention to such a person, because I can't waste my time on people who don't make progress. And I suggest that if you have such a friend around you, it is best to stay away from him, because he will pass on this emotion to you.
How to do trend trading (Part 2)
For most retail investors, it is difficult to grasp the price movement in a large time frame. Most traders in the cryptocurrency circle are inexperienced, use multiple indicators (here refers to multiple and repeated), and are dominated by emotions in trading. Recently, I will share with you the insights and lessons that my partner and I have learned in trading for your reference.
Today I want to tell you: use stop loss instead of stop profit.
When I explain this point, I believe most people must not understand. Yes, this is what I want to tell you.
To put it bluntly, after such a long bear market, who can really predict how high or low the market will go? If you don’t make a strategy in advance, and just randomly say how high it will go, even if it really goes up, don’t think you are awesome. If you say it every day, you will get it right one day.
What should you do?
Your only way is to keep yourself in this market, wait for the market to change, and use the rest of the time to track the stop loss. Of course, the premise of doing this is that you must ensure that you are indeed in the trend.
Here I want to remind you: No one wants to be thrown off the market because the stop loss is set too close. If you can reasonably expand your stop loss position and withstand greater market fluctuations, then this will increase your ability to control the trend.
If you are stopped out, then you have to accept the fact that the market trend has changed.
