Welcome to learn about Panda Trading Society. To avoid later disputes and misunderstandings, we hereby make the following statement:
1. Introduction to Coach Panda: He was a programmer and preferred technology. Later he became obsessed with the digital currency trading market and studied it painstakingly for 2 years. I have paid for advice from many teachers and institutions, and I have been through the traps of single-calling groups, suffered losses from altcoins, and even fallen prey to project circles...
2. After being preached and taught by experts, I am now a little successful. I dare not say that I have freedom of wealth. There is no problem in supporting my family and becoming well-off by doing business.
3. The Panda Trading Society has been established for three years and has trained thousands of professional traders. There are personal B-circle technical groups - A-share technical groups - foreign exchange technical groups [members are all trained by Panda Trading Academy]
Learning by yourself without guidance from experts? Learned Pinbar but can't enter the market to make a profit Why did I see the engulfing entry but still stopped loss It would be great if the coach could point out my mistakes in person How to distinguish "valid Pinbar" from "invalid Pinbar" Mainstream currency analysis & entry and exit point suggestions Tonight 2024.07.13 20:00-22:00 (Beijing time) Live interactive class
If you are a trader on the left side, you must accept frequent stop losses, bottom positions being trapped, and other problems. If you are a trader on the right side, you must accept the possibility of missing out. There is no right or wrong between the two. It depends on your trading style and psychological tolerance. If you have a poor tolerance, you should choose the right side.
As long as you can clearly distinguish the current trend and make a plan, when the market reaches this position and gives clear signal information, you must unconditionally abide by your trading strategy and firmly implement your trading strategy. Then this transaction will have a 1:5 ratio even if it reaches the previous high.
Why do many people not actually not understand the market, but just can't make stable profits? Lack of patience and lack of understanding of your own trading cycle, these two points make many people unable to come out. #AXS
Good afternoon everyone, today is Monday, and it is time for the weekly market analysis. Before the analysis, there is one thing that needs to be explained in advance. The market is relatively slow now, and the 4-hour trend is also a very slow trend. Therefore, whether it is analysis or future trends and entry, it may take a long time to come out. I hope everyone can understand this.
Without further ado: Let’s look at the trend from a larger perspective At present, the price is fluctuating in this white box, and it has not yet reached the top of the range. From the perspective of price behavior, it will either break through this box or continue to oscillate within this box.
Analyze the currency online, note the currency and time period you want to analyze, spot or contract, for example (BTC+4 hours+contract). Please comment according to the example. Come on #BTC走勢分析
The relationship between technical analysis and gambling argument When it comes to trading, people often compare trading to gambling. Some people believe that there is a certain degree of randomness and uncertainty in both stock trading and gambling, so there are similarities between the two. First, let's clarify the difference between gambling and trading. In gambling, the results are completely determined by luck, and you cannot influence the results through any technology or strategy. However, in trading, although there are risks, you can develop strategies through technical analysis and use probability to evaluate risks and returns. Technical analysis is to predict future market trends by studying the historical data and price trends of the market. By identifying patterns in price charts and indicators, traders can develop buying and selling strategies. It's like the ancients came up with the weather forecast method of "don't go out if there is morning glow, and travel thousands of miles if there is evening glow" when science and technology were not developed at that time. The essence is also probability and experience. This is why some people say that technical analysis is not science at all. It is just based on the vague correctness of historical data with a high probability, which also makes sense. Probability also plays a key role in trading. Through the method of probability, traders can evaluate the probability of success of trading strategies and determine appropriate stop loss points and profit targets. In this way, even if a transaction fails, you can control the loss and maintain profitability in the long run. (I have discussed the argument of probability in detail in "Article No.: 0196 [Panda Talk] Probabilistic thinking is the watershed between trading masters and ordinary novices!")
Do not go against the 4-fold principle, look at the larger cycle first, that is, analyze on a weekly basis. From the perspective of naked K, the two white lines we can see represent two upward trends at the weekly level.
Open Moving Average The 3 moving averages are arranged in a bullish pattern. The moving average is a trend indicator. The advantage is that once a trend occurs, it is difficult to change. Now it is arranged in a bullish pattern at the weekly level, and the trend is even more difficult to change.
This is the decision cycle. What does it mean? It means how you should choose the direction of your order now. The weekly level is the decision cycle of the daily level. After the big cycle determines the direction, look at the trading cycle.
First of all, if you buy spot goods for a long time, the holding period is relatively long, which should be measured in months, and the period you look at also needs to be larger. Before entering the market, we need to analyze the current real-time trend to decide whether to buy now, or whether it is worth buying.
Let's do the first step of trend analysis Like this altcoin The trend is relatively simpler and not so complicated The white line is an upward trend The 2 white boxes are trend pullbacks
Now it is more inclined to the end of the trend correction, and when the daily line closed today, it closed with a very good bullish trend K
As for whether the market will continue to move in the trading range or break upward in the future, it is impossible to give a definite answer, but at least at the current position, you can try or buy the bottom with a light position.
When we analyzed BTC and ETH yesterday, we were firmly bullish. Did we benefit from this wave? In fact, technical analysis is not that difficult. The difficult points are all written in yesterday’s post. You can go and read it. #BTC走势分析 #ETH🔥🔥🔥🔥🔥🔥
The three-step principle Step 1: Identify the trend Looking at the daily trend, we can see bulls. From the perspective of naked K, the price has gone through two complex adjustments and has no downward momentum.
Moving average bullish trend, bullish trend
The 4-hour white line is a bullish structure
After the first step of analysis, the conclusion is that both levels are bullish, so go long
Start the second step: draw the key position
The purpose of drawing key positions is to find that the market may be supported at these positions and there are trading opportunities, but it does not mean that there will be opportunities. Analysis is analysis, but trading and analysis are two different things.
Last year, I would do market analysis for everyone on Mondays when I had time. This is the first time this year, and I hope we can continue to do so in the future if we have enough time.
So without further ado, let's start our market analysis First of all, if you want to do BTC 4-hour contract, the trend must be the daily trend. This is the 4-fold principle that I often talk about in the system class.
When I was analyzing the market last year, I often said that before you open the icon and want to trade, you need to see what the trend is, then draw the key positions, and finally wait for clear signals, which is in line with the three steps of trading. The first step is to determine the trend at a macro level.
Analyze the currency online, note the currency and time period you want to analyze, spot or contract, for example (BTC+4 hours+contract). Please comment according to the example.
Successful traders must have the same wisdom and principles as the top predators in nature. Let's learn from the survival rules of crocodiles and present them to you in a more interesting way.
Alligator, Trading Template If we want to learn how to trade, we have to learn something from crocodiles. Crocodiles are a bit fat, but they have great hunting skills. When they are hungry, they will not bother chasing small fish every day. Their goal is to have a big fish and meat and eat a full meal. We should do the same, focus on a few big trades, get them done at once, and relax the rest of the time to prepare for the next big meal. Crocodiles wait patiently when waiting for their prey, and we traders should also wait patiently for big opportunities and not lose our composure for small profits.
Today's topic: Loss aversion During the trading process, we will definitely encounter the following situations:
1: During the trading process, we all hate losses, and we all hope to make a profit as soon as we enter the market, and hope that our positions will always be in a state of floating profit.
2: Due to the aversion to losses, we are unwilling to set stop losses, as if without setting stop losses, there will be no losses, and we will lose money.
3: Once a loss occurs, excessive trading will occur, and we must win it back. Once we have the mentality of a gambler, excessive trading will lose our reason.
4: Small positions are escaping the top and bottom, firmly believing that what they have caught is the top and bottom, and they have been losing positions. In fact, small amounts add up to a lot, and the losses are quite a lot.
The above 4 points are all the states where we will appear when we hate losses in trading. When losses occur, we will feel frustrated and uneasy, and even panic trading. This is mainly because loss aversion pays more attention to losses and ignores potential profit opportunities.
Then our correct approach is: 1: If our strategy is to stop loss frequently and the profit and loss ratio is not very high, in the long run, there is no way to cover the loss, then we need to change our trading rules first, that is, there is a problem with our trading system and it needs to be changed.
2: When our trading system is fine, we need to strictly abide by the trading discipline. The trading discipline requires strict setting of stop profit and stop loss, including not excessive trading, and only trading what we are good at, and removing those risky transactions that escape the top and bottom.
3: Our strategy can be continuously optimized and improved, which also requires us to learn frequently.
So the essence of aversion to losses is actually that you do not have a complete set of trading strategies, and do not abide by trading discipline and position management. All trading psychology can be solved through a lot of practice. I hope you can get out of the process of aversion to losses.
I am Coach Panda who is good at making complex problems simpler. See you next time.
Today we will talk about the topic of the pitfalls of the copy trading group🕳️
For example: Xiao Li was in some copy trading groups. The group owner sent a strategy and chose to follow this order. It was blown up in a short time.
Then let's analyze why the position was blown up and what pitfalls you stepped on🕳️ 1. Many people who lead the order group actually don't understand any technical analysis, they just want to earn commissions. Everyone knows this.
2. They may really know technical analysis and send the right strategy, but they send short-term transactions below 15 minutes, or even 1 minute. When the strategy is sent, the market has gone halfway or even finished. It's too late for you to enter the market. You may even suffer a floating loss immediately after entering the market. You are unwilling to leave this order, and you feel uncomfortable with the floating loss. You can't eat or sleep well, and you are always trapped. You increase your position and finally blow up.
3. Don't blame others, look for your own reasons. You don't understand others, so you give all your money to others to manage? Do you understand his strategy? Do you know how to allocate your position management? Do you know that this strategy is suitable for you? You just go all in? So whether you lose money or get liquidated, no one is to blame.
Finally, a few words, trading itself requires the ability to think independently and have your own trading system. When you blindly trust others and give your money to others, you will definitely lose. The money earned by luck will eventually be lost. If we want to make money in the trading market, we must first have the ability to analyze, whether it is technical analysis or the ability to identify the truth of things themselves, we must have independent thinking, independent thinking, independent thinking, and independent thinking. Important things should be said three times.
What market is the most difficult to trade? When it is consolidating What market is the easiest to lose money? When it is consolidating When is the most unbearable to be lonely? When it is consolidating You think it is best to rest when it is consolidating👍