$BTC has been watching the market for 24 hours, and the order came out successfully profiting. A warm reminder, recently Ethereum has been developing its own market; if you are not sure, do not open orders randomly. The support at 2600 was closely monitored last night, and it was tested 6 or 7 times before 6 PM without breaking, showing a clear defense by the whales. However, I still chose to enter a short position at 2630—40, successfully capturing this wave of decline. This is based on the signals given by your trading system and market intuition; trading is all about timing!
An interesting topic today, a fan shared a mechanical execution trading strategy, so let me briefly share my views on trading systems!
Efficiency and Cost:
Mechanical: Suitable for highly repetitive and standardized tasks, like assembly line production, able to perform rapidly in bulk. In the long run, costs may be lower, but the initial equipment investment is significant.
Manual: High flexibility, suitable for tasks that require adaptability, such as creative design, but labor costs may rise over time, and efficiency is influenced by individual conditions.
Precision and Adaptability
Mechanical: Stable precision, such as precision parts machining, executes programs with minimal errors but has poor adaptability to non-standard tasks.
Manual: Can handle complex and variable situations, such as personalized needs in the service industry, but precision may fluctuate based on experience.
If you are trading contracts in the cryptocurrency space, I do not recommend mechanical operations, even if it provides you with entry points and strategies, and logic for opening orders; as a qualified trader, you must also possess these skills yourself!
The market is ever-changing, and the only correct answers come from your own brain! People can adjust positions or stop-loss points in response to sudden news or market sentiment, avoiding losses due to delayed mechanical strategies caused by preset rules.
Subjectively selecting opportunities, judging hot cryptocurrencies or trend turning points through experience, such as capturing short-term volatility opportunities of niche coins while mainstream coins are consolidating, is more effective than fixed programs in seizing instantaneous market conditions.
There are many trading systems, and when you can achieve stable profits, having internalized operations and strictly executing them, you can consider yourself to have your own system. Never frequently open orders in trading, follow your own way of thinking, summarize more, and review more. Proper position management is the key to profiting!
