After 10 years of stock trading in the market, I made 4.8 million, relying on the simplest methods.
I was born in a rural area and saved some money after working for a few years. When I first started trading stocks, I was lucky; whatever I bought went up, so I got impulsive and ended up getting trapped. After that, I quit my job to focus on research and traded stocks full-time. On the path of hard work, I achieved my goals: I have a house to protect me from the wind and rain, and a car to drive freely. #BTC
Regarding my success, I have summarized 🔟 rules, hoping to help newcomers to the stock market avoid detours. #ETH
1⃣, For funds below 300,000, analyze trends once every quarter, and never go all-in.
2⃣, Don't always trade ultra-short; it's hard to grasp small-level ranges, and frequent trading is a gambler's behavior that only benefits brokers.
3⃣, Pay attention to stocks with increased volume at the bottom, as they may indicate a turning point in the market.
4⃣, Be decisive when trading stocks; buy and sell according to your plan, enter at target levels, exit at stop-loss levels, set stop-loss limits and don't change them, and eliminate lucky thinking.
5⃣, When encountering company restructuring or major positive news, don't exit on the same day; sell on the next day's high opening, as good news often comes with risks.
6⃣, Control the number of stocks held; no more than 3 for under 200,000, and no more than 5 for under 500,000. Holding too many stocks spreads your energy and knowledge too thin.
7⃣, Wait for the K-line to be above the 20-day moving average before entering the market, as major trends usually start from this basis; below the 20-day moving average, institutional investors often wash out positions.
8⃣, When a stock enters a main upward trend, only look at trading volume; if the volume is stable or decreasing, continue to hold; if the volume increases, sell.
9⃣, After making a profit, withdraw your principal first; this way, your mindset remains good, and you won't increase your position due to trading difficulties, leading to profit loss.
🔟, The money made in the market is from cognitive understanding; improve your cognitive ability to earn money, avoid gambling, learn more, and maintain humility, caution, and patience.
Networking is very important; it can determine your future wealth. When your network is right, making money is as easy as drinking water. Follow me and comment 168, and soar directly!!
The trend is ahead, and the layout is behind!!!