Regarding perpetual trading, there are a few understandings I would like to share:

First of all, let's talk about direction. Long or short, it's something we deal with every day, but we still get it wrong! Why is that? Guessing heads or tails on a coin flip probably wouldn't be that inaccurate! But why do we often guess wrong in trading?

Because we get distracted!

We focus on the surface and ignore the essence!

Or we see one side and overlook the other!

We pay attention to short-term fluctuations or small cycles and ignore the overall trend, leading to incorrect entry!

Secondly, it's about entry: the points at which we enter, the price levels, and the timing of entry! All of these need to be carefully considered. Moreover, we need to develop a trading strategy before entering: where to open a position, where to set a stop-loss, and where to take profits! These should all be planned in advance; the action is just execution, executing the trading plan!

Finally, determine the trading cycle in advance and the risks involved, and implement risk control!

Once a key position is crossed, there is no meaningful reason to hold that trade! These words are said in the context of a certain environment, within a specific cycle! Therefore, whatever trading cycle you engage in, you must bear the risks that come with that cycle!