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Stay in cash before big data releases and major events.
When important data is released, the market movement can be very random. Trading at this time is akin to gambling on the market trends, and it can easily lead to frustration.
Moreover, the market is frantic during data releases, and the fluctuations happen too quickly, making slippage during trades very likely. This can amplify stop losses and create uncontrollable risks. Therefore, during big data releases and major events, it's advisable to remain in cash and observe.
Some money is better left unearned than to lose everything.

It's important to know that the impact of data and events is often more severe than we anticipate. Even if you think you are fully prepared, unexpected extreme fluctuations can catch you off guard. Yet, there are always those who think 'this time is different' and want to profit in the chaos—guess where most of these people end up falling into hidden risk points?

The higher the trading frequency, the harder it is to make money. Frequent stop-losses are a bad habit and a major taboo; it is a sign of short-sightedness and shallowness, more ruthless than losses from the market itself—market losses may turn into profits when the situation changes, but hasty stop-losses only lead to real losses.

Losses are an opportunity to expose problems and promote progress, but frequent stop-losses prevent you from taking the time to reflect and summarize amidst the losses, effectively cutting off the path of a winner. Can such repeated stop-loss operations really allow one to stand firm in the market for a long time? #ETH突破4600 $ETH

Do you feel the same way? Watching the market until the early hours, filling notebooks, yet your account is still in the red?

In this trading industry, being smart and hardworking is just the foundation; finding the right direction is key. When no one guides you, you have to dig out a mature growth path and identify the core knowledge points.

Don't think this is a secret; those with a keen mind can always find the way. If the direction is right, the rest is just a matter of time. Moving from beginner to intermediate, understanding the direction, grasping the win rate and risk-reward ratio, making money isn't that hard.

What stage are you stuck in now? Let's chat in the comments, maybe we can help point you in the right direction#Strategy增持比特币 $BTC

Like predicting tomorrow's rise and fall
Instinctive reaction: Looking at candlestick charts before bed, predicting whether tomorrow will rise or fall, refreshing news before the market opens to analyze whether the main force will push up; during trading, staring at the minute charts, every fluctuation makes one anxious.
Counterintuitive truth: Short-term market movements are a random walk; predicting them is no different from predicting the lottery.
Even if you use the most complex technical indicators and look at the most authoritative research reports, you still can't accurately guess tomorrow's rise and fall. Sudden policies, speculative capital dumping, or even a piece of false information can turn your predictions into a joke.
The retail investor's obsession with prediction is essentially a manifestation of control: when faced with the unknown, there is always a desire to grasp something. However, the short-term fluctuations of the stock market are precisely the disaster zone of the uncontrollable.

Many people have been trading for so many years, still entangled in ups and downs. This is because they have not understood the essence of this game. What ultimately allows trading to make you money? Is it based on your direction being correct? Yes and no. It is correct because indeed you can profit if your direction is right, but it is also incorrect in the sense that merely having the right direction is meaningless. How many people buy at the bottom and sell at the top? Is that meaningful? Absolutely not, it has no meaning at all, not even a little bit. It’s not enough to even be a topic for drinking. Because you are only correct in direction, just 1% correct, and you have not got the other 99% right. What is that other 99%? It is space. The right direction is only 1. Only when you have clarified the space can you add a ‘0’ behind that 1. Space is that ‘0’ behind the 1. Combined with capital management and operational techniques, you can add 2 more zeros, that’s all there is to it. But if you don’t have space, your capital management and any technique are completely meaningless.