What is the secret of short-term trading?
I have been trading in cryptocurrencies for eight years, starting from 30,000 yuan to more than 2,000 yuan now. I rely on 50% of my positions to make steady progress, and my monthly income can reach 70%. I passed this unique secret to my apprentice, and he doubled in three months. Today, I am in a good mood, so I will share these treasures with you, remember to keep them!
1. Stop profit and stop loss are the breathing of trading. Stop profit and stop loss are not blindly giving up, but leaving a breath for trading. Just like breathing, there is a proof of life in and out.
A real short-term master is not that he will not make mistakes, but that he knows how to adjust in time. Every time you stop profit and stop loss, you are making room for a better entry next time.
2. Empty positions are a state of mind. The market will never lack opportunities, but what is lacking is the patience to wait for opportunities. Empty positions are not doing nothing, but a positive waiting. Just like farmers know that it takes time between sowing and harvesting, mature traders know how to keep the rhythm in the seasonal changes of the market.
3. Trend is the only friend. Don't try to argue with the market about right or wrong. Trend is the final referee. Short-term trading is not about predicting the beginning of a trend, but about identifying the continuation of a trend. Just like a surfer does not create waves, but learns to dance with them.
4. Discipline is the final bottom line
In the face of market fluctuations, human nature is the most vulnerable line of defense. Establishing trading discipline is not to restrict freedom, but to protect yourself from being swallowed by emotions. True freedom comes from awe of the market.
5. Simplicity is the ultimate wisdom. The more complex the market, the more simple wisdom is needed.
Too many indicators and strategies often make people lost in the details. Just like the highest realm of martial arts is to return to nature, the ultimate mindset of trading is to simplify. ---Short-term trading is an endless practice, and every transaction is an opportunity for self-cognition. The market will not change because of your expectations, but you can adapt to the market by changing yourself.
Remember: the real winner is not the one who beats the market, but the one who beats himself.
Focus during the day: WLD COOKIE KEREL
