The Focus of Focus
Why do you see others making huge profits on contracts? Why do you not only fail to earn from contracts but also lose a lot?
It might hurt to say, but your capital is too small. Those with large amounts of capital only use a small portion to trade, while you are using your emotionally significant funds to operate.
With more money, you can make expectations and calmly deal with fluctuations, but when you enter the market, it’s hard to remain calm. At that moment, you are thinking about the joy of making money, but if you face a floating loss, it creates a sense of disparity. Watching the fluctuations of numbers disrupts your mindset, leading to frequent opening of positions, closing losses, and then watching the market move in the expected direction after closing. You can’t help but jump back in, only to face floating losses again, entering a vicious cycle.
This is a difference in mindset and confidence!
The characteristics of such people are as follows:
1. Opening positions with leverage above 5X and trading frequently.
2. When Bitcoin has no direction, focusing on 15-minute and hourly charts.
3. Following a bunch of teachers analyzing short-term trades.
When Bitcoin has no market trend and is fluctuating, short-term trading is just marking lines up and down, with random and chaotic price movements!
Various short-term patterns can easily be manipulated by individual Bitcoin's main forces.
Think about it, in such a market condition, how can you make money? Otherwise, why would long-term trades not require monitoring, while short-term trades ask God this question?
However, the weekly chart is different; it absolutely cannot be controlled by just one main force. The weekly chart reflects the trading data of Bitcoin for that week.
This measure of buying and selling trends is definitely more relevant than minute and hourly charts.
You need to change your strategy now.
If you want to earn stable money, then take low-leverage trend trades, grasping the upward and downward trends of Bitcoin's weekly chart! How to judge I have mentioned before.
If you want to get rich quickly, then wait for a black swan; only extreme market conditions can give birth to such opportunities. Otherwise, in normal market conditions, if you trade with 100x leverage hoping to get rich, the possibility is zero.
