After the release of non-farm payrolls and unemployment rate, the short-term news turmoil will come to a temporary end.
I wonder if everyone’s emotions and wallets can still hold on now?
I opened the daily and weekly charts and felt quite emotional, especially for the copycats. The K-lines were moving upward with difficulty, and countless funds were invested.
It takes a hundred days to build a building, but it is destroyed in a moment.
For many newcomers, this time should be a complete experience of a small bull and bear market. From the crazy rise all the way to the dead silence of chattering, disturbances, and mixed long and short positions, this is the market.
We can't change what has happened in the past, we can only learn from our failures.
After staying in the market for a long time, you will find that the market is built by all kinds of people. I wonder which category you belong to?
1. The first type is full of fantasies. If the stock price rises by a few points, they think it will be great and they will buy large positions. If the stock price falls by a few points, they think it will be a big waterfall and they will sell their positions immediately.
-This type of people are typical retail investors, good at chasing ups and downs, nicknamed the market ATM, losing money faster than drinking water. Unless they encounter a fool market that keeps rising and never turns back, the rate of losing everything and exiting the circle is 90%+.
-Suggestion: If you really can’t understand the technology and don’t want to quit the circle, then becoming a repeater for the big guys and trying to replicate every order of the big guys is the only option. The more ideas you have, the greater the loss.
2. The second type of people understand some techniques and are good at playing with bands, but they are not very proficient in them.
The market is very frequent inducing long and short positions, and there are countless long and short positions at each level. It is easy for such people to change positions in 800 directions a day, frequently stop losses in countless induced market conditions, and finally lose all their principal in the shock.
-This type of people is very common among newcomers, because after learning something, they are eager to prove what they have learned, but they lack patience (this is the key). No matter what level of the market, they want to rely on what they have learned.
-Suggestion: You need to understand one thing: the market is boring in most cases. The main force often creates a big market trend of more than 4 hours or even daily level based on the news.
For example, the recent decline is the release of panic surrounding the meeting and data. Strengthening the interpretation of news, reducing the frequency of watching the market, and looking at the larger level of market conditions are the key.
3. The third type of people habitually stick to one path to the end. Their typical characteristics are: they buy more as the price rises, and they do not stop loss even when they lose money.
This type of people are always fighting with the market, and their main goal is either to get a luxury car or a young model, or to work in the sea, making the financial market feel like gambling.
-Suggestion: It is difficult to change this kind of brother who likes to roll over. We can only persuade him to take out a part of the money he earns to enjoy life.
Because no matter how many times you win in the market, as long as you go to extremes, you will lose everything if you lose once.
After seeing so many people coming and going in the market, I gradually discovered that most people can’t even finish reading a book on K-line, nor can they understand it.
I still prefer to invest in value coins for the long term, and short-term investment can only be a dessert. Because it is too difficult for ordinary people to make money in this market, and they will generally lose all their money within three months in the contract market.
This is the truth, no matter how good the market is, there are not so many chosen ones in this world. For ordinary people, using time to exchange space and accepting to get rich slowly is the most realistic way. If you don't accept it, returning to zero is the end of most people.
Although it is painful to see the market fall to the present, I am not upset because this is part of the fixed investment plan. This plan has only a starting point and an end point, ignoring the ups and downs along the way.
The ETF has been approved, the Fed will eventually cut interest rates, and Bitcoin's market share is still rising. All signs point to the fact that the real bull market has not yet arrived.
In this market, you can earn 80% of your wealth in 20% of your time. If you can hold on, you will stand out, but if you can't, you will be eliminated. All the pain and suffering now will turn into memories that you will savor with tears in your eyes after you achieve your goal.
