In fact, after doing contracts for such a long time, from being a novice in 2021 to slowly feeling my way through, although I can't achieve stable multiple returns now, at least I won't lose everything. The biggest feeling I've gotten from doing contracts for so long is that
The way to greatness is simplicity, and also to maintain a sense of awe.
About a month ago, I opened a long position at 75,000, and slowly closed it at 91,500, but I recorded it a bit early and couldn't post it. Then after a pullback, I opened another long position, which is the one below.
In the last few days, I took a short position on Bitcoin and got stuck. While reviewing, I found that I did not follow my own strategy to open the position, but instead let emotions guide my decisions. How should I put it? A mistake is a mistake; recognizing it is the first step to improvement.
In the past two years, to break free from my predicament, I have researched various trading theories, including but not limited to Elliott Wave Theory, Wyckoff Theory, Dow Theory, naked candlesticks, and a series of indicators like MACD. Ultimately, I concluded that to achieve profitability, it doesn't require so many theories and indicators.
The most important thing is to choose one indicator and stick with it. This indicator or strategy is one that you trust can be profitable, but as for how to find it, you indeed have to go through trial and error. Before you find a strategy that you firmly believe can make money, all positions are essentially for trial and error, not for profit.
What I've chosen is the simplest trend line + candlesticks, with MACD as assistance.
I firmly believe that making money in trading is a probabilistic event; only by surviving in the market for a long time can there be a possibility of making money.
Let’s encourage each other, and hope to find a trading strategy that suits us soon.
