Technical analysis is just a basis for placing orders, news reference, and mindset control!
No matter whether we use technical analysis, fundamental analysis, news analysis, etc., to analyze the market trends, they are merely a basis for our operations. You have to give yourself an explanation; you can't place orders out of thin air, otherwise it feels like you know nothing and are just operating blindly.
In fact, regardless of the method, over a longer time frame, the excess win rate won't be very high. It's just to provide us with a basis for making trades, including entry, holding, and exit. The position is very important‼️
The most important thing is that with a basis for placing orders, you can feel at ease, and your mindset can remain stable. The most important thing is still that saying: the trend is your friend; cut losses when wrong, and hold on when right, until you earn enough or reach a level you can't bear, or the technical analysis stop-loss basis is met; then you can take profit.
Going round and round, trading is just about finding a basis for placing orders, what to do when you are right and what to do when you are wrong. As long as there are quite a few people in the market using this method, and the basis has a certain rationality, that's enough. Although everyone operates based on different thoughts, in practice, there are only two directions—long and short—regardless of the method used, there will always be a win rate!
