The Golden Week has not yet ended, but the trend has become clear. This can confirm that this bull market has begun. Just go all in without thinking and ignore short-term ups and downs. The time frame is about half a year. Those who are still short should start building positions. First of all, what is a bottom position?

Everyone's bottom warehouse has a different tolerance range and different capital ratios. The minimum population reference value for cottages is generally 1000u-5000U. I will use the minimum value. For example, if you plan to deploy 1000U in a cottage, the bottom warehouse concept is 300U-500U. If you have a greater tolerance, the bottom warehouse can be larger, and if you have a smaller tolerance, the bottom warehouse can be smaller. This logic is not contradictory. You can earn as much money as you can bear. The world is fair.

The entry position of the base position does not require a very precise point, so why do you need to make a base position instead of going all-in if you are optimistic about a coin? Because in case of a retracement, you have funds to cover your position. I let everyone enter the market. Generally speaking, short-term indicators must be in place before you can enter the market. If there is a short-term scam, your remaining position is an opportunity to cover your position.

After the base position enters the market, you need to place orders to buy in batches at the support level below your opening price to cover your position. If it does not reach the support level, at least your base position has entered the market. If it reaches the support level, then your average price will not be too high. There are many kinds of counterfeit stocks, and any trend is possible. A short-term strong trend does not mean that there will not be a deep retracement, and a short-term weak trend does not mean that there will not be a strong rebound. Because this is a question of probability. If I ask everyone to enter the market without caring about the strength of the short-term trend, it means that the trend of the larger cycle is an upward trend.

After your base position enters the market, you have to adapt to short-term fluctuations, because my goal is to get a long-term trend. Don't worry about gains and losses when trading. The market fluctuates every day, and you must have the psychological expectation of missing out on opportunities and being trapped in the short term. I rarely chase high prices, even if I enter the market with high-priced currencies, I only enter the market because the consolidation structure is completed.

Many friends have been losing money or not making money when the market was good before. The reason is that they can't stand the loneliness.

When I see the price is going up, I want to chase it!

When you see the stock price falling, you get worried and panic!

So trading must be able to endure loneliness

What does it mean to be able to endure loneliness?

When the market is rising, if you are not in the car, don't panic. When the market is falling, don't panic even if you are in the car. When the market is fluctuating for a long time, don't panic. Wait for the opportunity to come.

This is opening a position and covering a position. The next article will talk about position layout.

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