———Preface———
Hello everyone, I am a funny one. Just an ordinary trader.
I used to be very confused as to why my trades were always wrong, either being trapped or being liquidated. I tried many methods, such as seeking mentors and friends online, looking for so-called big-shot KOLs.
However, after going in circles, I realized that I had only just entered the door and hadn't reached the level of market insight.
Just when I felt I couldn't find my footing in the trading market, I met . He is my very important mentor who truly helped me step into the threshold.
Later, on his recommendation, I devoted myself to understanding professional trading books. From that moment, my perspective changed dramatically...
………
Below are my self-reflections and insights on the book 'Wyckoff Method', which I published publicly for free on Binance Square. New friends are welcome to learn.
I sincerely hope you take fewer detours and refer to correct experiences more.
Because there are many wrong paths, but only a few correct ones. If you don't have the cost of infinite trial and error, you will continue to be trapped in the maze built by mistakes.
———A Funny One
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Chapter One: What Tools Does Smart Money Use to Interpret the Market?
How Smart Money and CM Analyze the Market
This course reveals from another perspective why the public frequently makes mistakes, while the smart money can manipulate retail investors.
Misunderstanding Supply and Demand Relations and Support Resistance
This course uses supply and demand relations to reveal market trends and explores the effectiveness of support and resistance and how to find them.
How to Identify Supply and Demand Entry
This course discusses how panic selling during a bear market leads to increased trading volume from the public's panic selling, while demand comes from CM's buying. In a bull market, the surge in trading volume during the buying frenzy comes from CM's covert selling and the public's enthusiastic purchasing.
Cause and Effect, Effort and Results (Start watching from 7 minutes and 37 seconds, otherwise you won't hear my voice.)
This course explains that a period of cause and effect is necessary before trend formation, where the consolidation phase is the cause, and the trend is the effect. It also discusses how to use effort and results to identify abnormal volume and price to prepare for risk, avoiding profit reversals and determining whether to cut losses.
Chapter One Review
This course reviews the knowledge points learned earlier.
Chapter Two: How to Know When Major Institutions Start Buying
Section One: What Market Behaviors Can Indicate the End of a Bear Market?
This lesson briefly introduces some market behaviors before the end of a bear market, including initial support, panic selling, secondary testing, and ultimate shakeout.
Section Two: Stopping Behavior
This lesson discusses the details to pay attention to in stopping behavior during trend judgments, which we sometimes tend to overlook.
Section Three: The Second Stage of Accumulation: What Market Behaviors Indicate the End of Accumulation and the Start of a Bull Market?
This lesson discusses how to identify accumulation and how to determine when accumulation ends and a bull market begins.
Section Four: What Market Behaviors Confirm the End of Accumulation?
This lesson discusses the market behaviors that indicate the end of accumulation.
Section Five: The Fourth Stage of Accumulation: Entering a Bull Market 1
Section Five: The Fourth Stage of Accumulation: Entering a Bull Market 2
This lesson is relatively long and divided into two live sessions, focusing on JOC and ensuring no supply follows the pullback.
More content to look forward to (*^o^*)
———Divider———
Below is a reading replay of the works by Richard D. Wyckoff (Complete Wyckoff Theory).
Introduction (including Chapter One)
Chapter Two and Chapter Three Introduction
More content to look forward to!
———Divider———
I will persist in creating high-quality content, please follow me, and also follow my mentor .
If you are willing to reduce your trading fees by supporting my rebate, please help me. My invitation code is NHVSTPRN.