Weekend Reflections

Trading is counterintuitive. In the cryptocurrency market, whether one can sustain profits depends not only on technical skills and sensitivity to industry information but more importantly on the ability to restrain one's human weaknesses. The market is greater than everything; unknown risks and uncontrollable surprises can arise at any time.

One of the biggest misconceptions among beginners is that to become a successful and profitable trader, one must accurately predict market direction. For instance, comparing with historical candlesticks, thinking one must enter at a specific position and exit at another, aiming to catch every move from the head to the tail of the fish, and even wanting to nibble on the bones. Is it really that simple?

The crypto market has become very challenging during this bull market, especially with tweets from influencers and the repeated actions of entities like GS. Many situations are beyond our control. What we can do is to observe more, and observe again. Observe trends, observe momentum, observe exhaustion, observe divergence, and enter the market with an acceptable stop-loss level to try.

Friends, you do not need to worry about the number of times you are right or wrong. What matters is how much you lose when you are wrong and how much you gain when you are right. When the trend is clear, dare to increase your position; when it is unclear, be reasonable in controlling your position.

This is what makes a competent trader~~~