Eight Skills of Trading Experts
If mastered, they will benefit you for a lifetime
1. Have your own trading system.
2. Combine market trends to choose direction.
3. Understand the research on mainstream hotspots and 'value'.
4. Have solid technical skills.
5. Be flexible, adjusting positions based on the situation.
6. Understand risk management.
7. Maintain a rational trading mindset.
8. Persistently continue learning.
The simplest method to distinguish between trends and fluctuations is to run a trend-following system. If you are losing money during this period, then it's a fluctuation; if you are making money, then it's a trend.
Fluctuations and trends coexist; when a trend ends, there is a fluctuation, and when a fluctuation ends, there is a trend.
At different time levels, there are small trends within large fluctuations and small fluctuations within large trends.
