You need to set a discipline for yourself. The logic of opening a position, the reason for opening a position. Think carefully before opening each order, whether the order you are opening is in line with your trading logic and your trading discipline. With such a process, it will be easier to open orders and prevent you from doing it blindly.
-There are 3 points that I have summarized to make a good deal. If you meet these 3 points, it is a good deal.
The first point is that you must have a logic for opening a position. This logic for opening a position is based on what I call the division of market cycles. This is the core of the core.
Point 2: You need to have a strict stop loss, or a small stop loss. That is to say, you need to find a technically good turning point and then make a small stop loss.
Point 3: You should have a relatively stable position-holding mentality. After your logic determines your take-profit and stop-loss, you should strictly abide by them. You should relax during the position-holding process. Don't keep staring at it every time, wondering whether you should close the position after it goes up. Whether you should close the position and where to close the position is determined by your position-opening logic, not by the rise and fall of the market.
If you can do the above 3 points, it will be a good deal.
My trading logic does not rely on indicators, trading volume and moving averages, but only on naked K. The core logic is based on the emotional cycle. I divide the market into several different cycles and stages based on the market trend. Then in each cycle, people's human nature is common, and there is a certain law in a certain cycle. The market is composed of several cycles. The cycle of market is repeated. I roughly divide the entire cycle into several stages. Oscillation => Main rise => High-level oscillation => Breaking through a larger box oscillation/breaking through to enter the second wave rising cycle
There are still many details in each stage/cycle.
You will find out: What are the conditions for entering the end of the shock? In this shock cycle, how do you judge that it has entered the end of the shock? What are the pitfalls when the end turns to the start? What details will there be? How does it usually go? These are all traceable.
Even the main rising wave can be divided. There will be several small shocks and several large shocks. When will it peak? How do you judge whether the main rise is in the middle or at a high level? How do you judge? You can review the market according to my division cycle, and review it continuously. What signal caused the market to start fluctuating?
When the market is in the oscillation range, how will it turn to the end? You can observe those signals. Study according to my classification. The reason why this cycle exists is because of human nature. The core behind the cycle is human nature. As long as people are playing, any market will go this way. This is the case at the daily level, and it can also be divided at the hourly level, the process of main rise => oscillation.
There are many opening points within the cycle. You can divide the market according to my idea. Is this coin now fluctuating or rising? Is it in the early or late stage of fluctuation? Is it in the early or late stage of main rise? Is it in the early or late stage of main decline? With this idea, review the market repeatedly. If you go in this direction, if you are very insightful and willing to make a lot of efforts, you have a chance to come out.
As long as the profit and loss ratio and the winning rate are reasonable, there is no need to worry about stop loss when opening an order. I often stop loss, but it doesn’t matter. I can stop loss once, twice, or even 10 times. As long as my logic and position are reasonable, I will return them as long as I catch them once.
Learning methods: 1. Review a lot of historical market trends. 2. Review your own orders. 3. Review other people's orders. Review, think and summarize repeatedly.