After eight years of trading, I've felt lonely, apathetic, and lost my desire to talk. No one can understand my feelings, but I endured them silently and slowly made my way through. Today, I'll share a few key points for you to reflect on. Hold on to as much as you can.
From losing over 130 positions to making hundreds, after personal experience, I finally understand: winning isn't about luck, but rather a combination of knowledge and discipline.
In my first three years in the industry, I lost over 130 positions, and my mind was shattered countless times. Later, using the same method, I not only recovered my losses but also earned hundreds more.
The only lesson I've learned from these painful experiences is this: the market repeats itself, and the vast majority of people keep making the same mistakes.
94% of people speculate on news, chasing ups and downs;
5% have learned to follow the market makers;
Only 1% rely on the most common daily moving average to reap the rewards.
Step 1: Understand the "role" of the daily moving average
I think of these three lines as three veteran Chinese medicine practitioners:
5-day moving average = the emergency department director, quick to act and quick to react.
30-day moving average = the internal medicine doctor, steady yet ruthless.
60-day moving average = the specialist clinician, patient and far-sighted.
When the emergency department director suddenly crosses over the heads of the two veterans (the 5-day moving average crosses the 30/60-day moving averages), the market is either about to take off or end up in the ICU. This is the signal.
Conversely, if the 5-day moving average falls below the two veterans, don't hesitate; reduce your position immediately.
Step 2: System over emotion
Please put a sticky note on your trading interface and write: "When moving averages clash, retreat."
What does it mean? When the 5-day moving average and the 30-day moving average are tangled like a pretzel, rushing in is like betting on odds or evens on the dice. A true hunter waits until all three lines align in the same direction before pulling the trigger.
Step 3: Weld discipline into the operating table.
Too many people write plans on paper, only to tear them up on the spot when a pin strikes.
The greatest value of the daily moving average is that it forces you to become an execution machine, acting immediately upon seeing a signal, without hesitation or wishful thinking.
A golden phrase etched in my mind:
You can doubt yourself, but never doubt the moving averages that have formed a synergistic force.
After eight years in the cryptocurrency world, I've finally understood: Experts don't predict the future, but execute with impulsive determination. If you can endure loneliness and persevere to the end, you're a rare and ruthless individual.
