Focusing on trend but not price and focusing on price but not trend
-Some traders are too concerned about the price when buying and selling contracts. They have to lower the price by a few points when buying, and always want to sell at a few higher prices when selling. This approach often leads to a loss of the big picture and missed opportunities.
The price is relative. If it seems cheap now, it will be expensive if the next trend is down. If the next trend is up, even if it is a few points higher at the beginning, it will be very cheap if you look back. The success or failure of the contract depends not on the present but on the future. The current price is only the starting point, and the future trend is the decisive factor. For traders who "focus on trend but not price", once they see the signs of trend, they will not care about a few prices. On the contrary, traders who "focus on price but not trend" only have these few prices in their eyes, and the trend is not even in their minds.
The danger of being too concerned about the price is that it is easy to drift away in the adverse trend. Because in an uptrend, if you insist on waiting for a cheap price to appear before buying, you will only have a chance when the trend falls back, and if this fall is a reversal, the cheap goods you bought will become a bad thing. Similarly, in a downtrend, if you insist on selling at a high price, you will only have a chance when the trend rebounds, and if this rebound is a reversal, you will lose money even if you sell at a high price.
Not being too concerned about the price does not mean encouraging blind market chasing. Blindly chasing the market means that in a strong ups and downs, you are worried that you will not be able to buy or sell, so you chase the ups and downs at the market price. As a result, you often buy at an outrageous high price or sell at an outrageous low price. If the market fluctuates slightly, it is easy to be frightened and close the position. Note: Don't be too concerned about the price means that you don't care about the gains and losses of individual prices when the ups and downs are just confirmed. The two are different concepts and cannot be confused.
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