This damn market, sharing a bit of trading wisdom
For new traders or those who have failed, here are some of my basic suggestions:
1. Small amounts, frequent trades, practice your skills diligently 💡
For beginners, the first thing to remember is: start with small amounts, trade frequently, rather than investing a large sum right away. Here, 'skills' refer to:
• Stable mindset 💪
• Reasonable money management 💰
• Accurate trend judgment 📊
• Learning to recognize mistakes and adjust strategies ⚖️
Many beginners start trading with a large amount of money, which can easily affect their mindset and lead to losing rationality during market fluctuations.
2. Technical analysis is not the only key 🔍
I never strongly recommend any technical analysis, because when your skills are strong enough, even the most basic strategies can work. The core of trading lies in mindset and strategy; technical analysis is just an auxiliary tool. Many people tend to over-rely on complex technical analysis, but without a stable mindset and money management, no matter how strong the technical analysis is, it is of no use.
3. Learn various technical analyses and adapt flexibly to the market 📚
I encourage beginners to understand different technical analysis tools. Like the techniques in martial arts novels, once mastered, they can be applied effortlessly in real operations. When encountering problems, one should be able to handle challenges like a skilled butcher dissecting an ox.
4. Characteristics of high-certainty markets 🔑
For me, high-certainty markets usually show convergence and breakout patterns. For example, in highly speculative varieties like Bitcoin, if a clear convergence trend appears, there is usually a relatively certain breakout market.
5. Do not expect high-certainty trades to occur frequently 🚫
Personally, I do not expect high-certainty trades to occur frequently. Super big breakout markets usually happen only a few times a year. We cannot determine whether the current market will develop into a high-certainty breakout, so do not blindly pursue 'perfect' trading opportunities.
