Share with you two trading experiences
1. Plan your trade, trade your plan
The process of making plans is actually a process of self-discipline. It requires you to do your homework, analyze the market, and set goals before trading. And once you enter the market, you need to strictly adhere to this plan. The market is unpredictable, but you can't let market fluctuations affect your decision-making. Remember, emotions are the enemy of trading. Only by constraining yourself through planning can you stay calm amid fluctuations and make rational choices.
2. Think about trend or reversal, rather than thinking about going long or short.
When many traders enter the market, the first thing they consider is "Should I go long or go short?" This way of thinking ignores a more important question: "What is the current market trend? Should I go with the trend or look for the opposite?" Opportunities for reversal?" Understanding market trends and identifying whether to follow the trend or look for reversal points are crucial to the success of trading.
Following the trend means that you need to identify the main trend of the market and look for trading opportunities in this direction. This approach tends to be more robust because "the trend is your friend." Finding reversal points requires more skills and experience, because you are looking for signals of changes in market trends. This trading method is more risky, but if the judgment is correct, the rewards are higher.