Everything has its form, everything has its rules. People have thousands of faces, monsters have tens of thousands of appearances. Zhuang’s shadow is invisible, and all appearances can diagnose one’s pulse.
First of all, everyone who enters this market must have a common goal, which is to make money. But where does the money in the market come from and how many people care about some of the hidden rules in the market? Many people have asked, "Teacher, why do I make less money and lose more? When I make money, I either make less money or miss it, but I always get hurt. Why is this? Because you can't hold on to the profitable orders, and you hold on to the losing orders. No one gives you a correct idea, and no one gives you confidence. If the direction is wrong, you don't know how to stop loss in time, and if the direction is right, you don't have the confidence to hold it.
The following are several summarized points that are very helpful for improving your trading skills:
1. Survival First: Buffett once said that there are three principles to achieving profits: first, preserve your capital; second, still preserve your capital; third, remember the first two points. Therefore, regardless of the size of your trading account, this is the first rule. Every trade must include stop-loss and take-profit orders, and we must remember our trading discipline, not to take chances or be greedy, ensuring we still have the strength to trade again after a loss.
2. Be good at seizing big opportunities. If you want your account to grow quickly, you must be good at seizing opportunities. Capture a big opportunity every once in a while, and then patiently wait for the next opportunity to arise. This can also be understood as winning by quality, not by the number of trades. An excellent trader often needs to endure 99% of solitude to welcome that 1% of their brilliant stage.
3. Pay attention to patterns and probabilities. Each cryptocurrency essentially has institutions and market makers involved, and market makers are human, which means they have habits and characteristics. Their usual methods of market-making and operational patterns often have traces to follow, deeply imprinted in the genes of each cryptocurrency. For example, the rules of pressure and support interchange, the laws of price fluctuations form certain probabilities, such as the rise and fall probabilities of key K-line patterns. Understanding the operational trajectory of each cryptocurrency is essentially grasping the operational rules of market makers, mastering the rise and fall probabilities, achieving self-awareness and awareness of the opponent, and ensuring victory is a result of timely evaluation and thorough preparation.
What I want to express here is to go with the flow, enter when you are confident, and admit defeat when necessary. It is quite normal to fear losing and for the market not to follow your plan. If you have good risk management, there is no need to worry too much; you can reduce the probability of turning profits into losses.
4. A trading system that suits you. If we want to succeed in trading, we must build a trading system that is suitable for ourselves. Continuously summarize experiences during the trading process, optimize the system, increase its success rate, improve its completeness, and ultimately achieve stable profits. The live course will teach everyone how to create a trading system that suits them, allowing you to remain undefeated in this market.
5. Choice is important. In the high-risk and high-reward capital market of cryptocurrencies, it is better to worship the wrong deity than to follow the wrong person. How far a person can go depends on who they walk with; how excellent a person is depends on who guides them.
A thousand words boil down to one piece of advice: During a bear market, everyone can calm down to learn and think. In a bull market, we must not forget to ride the wind and must not be complacent.
