For those who trade both ways, what exactly are the benefits?
Is it a one-sided surge, a sharp drop, or a continuous range-bound market?
Last night, starting at 10 PM, the market suddenly surged. Bitcoin surged over 1,100 points in a single minute, and Ethereum surged 98 points! And the upward trend continued!
What does this mean?
It means the market has been awakened by this surge, ushering in a new trend!
Secondly, the range-bound pressure of the volatile market is being continuously broken, and the one-way momentum is unstoppable!
So, once the market turns and you've confirmed it repeatedly, be sure to follow the trend! Don't let your subjective opinion lead you to believe, "It's gone up so much, it's time to go short."
This is the most stubborn argument I've encountered in all my years of live trading!
In these situations, there are always those who bravely fight with all their might, unwaveringly determined and unable to tolerate any opposition! Therefore, anyone who advises against shorting is dismissed by them!
This is the limitation of cognition!
During this time, some may laugh at this as a self-defeating shackle, others may laugh at it as the self-consolation of a coward. Others, however, don't object or ridicule, but instead consistently execute and implement it with every trade!
Yes, we are all human, and to err is inevitable.
If you make a mistake, admit it! Acknowledge your mistake to the market! And pay the price for your mistake... stop-loss! Therefore, stop-loss is part of trading! Please view stop-loss correctly!
As for light positions, in practice, it's still the same as when trading on margin, when you "test your position," then gradually add to your position, and finally complete your position!
Although it's cumbersome, it conforms to objective laws. Following these laws is the starting point for every trader to cultivate and attain true enlightenment.
Trading is not a playground for anyone, nor is it a place where anyone can act arbitrarily. Hopefully, with every "education" from the market, these "I think, I believe, I feel" and other such thoughts will gradually fade from our minds!
Trading is a spiritual practice, and cultivation requires true enlightenment!
Discover the patterns, understand them, comprehend them, obey them, respect them, and act accordingly! This is the most difficult part of every trader's journey!