#TradersLeague
I have never believed in the judgment of points when trading
In the past, I thought those who drew charts to give support and resistance levels
were just charlatans
If the market could be predicted so well
it wouldn't be called a market
In the past few days, I have been reflecting on my trading system
and found that there are too many limitations
One of them is the grasp of points
completely reliant on luck
or rather
completely lacking the concept of points
and directly relying on the grasp of price-volume reversals
or the market feel at the time
This has a fundamental flaw
which directly leads to the determination of stop-loss and take-profit
being entirely dependent on one's state of mind
Today I spent a whole day studying the line-drawing tool
and I feel that determining points does have some reasoning behind it
It doesn't mean that when it reaches a certain point, it will definitely stop there
but rather that based on these trend lines, one can roughly estimate
that the trend is likely to be constrained within a certain range
So, here it is, sharing my research findings
around 9 PM tonight
104950
setting a flag
no explanation
Researching this has utilized all the analytical skills I have learned in my life
If it’s wrong, we will continue to improve
