As someone who just started trading, I used to stay up all night staring at the market, chasing rises and cutting losses, losing sleep over it. Later, I insisted on using a simple method, and surprisingly, I survived and slowly began to make stable profits.
Looking back now, although this method is simple, it works: “If the signals I am familiar with do not appear, I will definitely not act!”
I would rather miss a market opportunity than place random orders.
Thanks to this iron rule, I can now maintain an annual return rate of over 70%, and I no longer have to rely on luck to survive.
Here are a few life-saving tips for beginners, based on my real trading experience:
Do not place orders after 9 PM
During the day, the news is too chaotic, with all kinds of false good news and false bad news flying around. The market moves up and down erratically, making it easy to be deceived into entering the market.
I generally wait until after 9 PM to operate; by that time, the news is basically stable, and the candlestick patterns are cleaner, with clearer directions.