Here is a post drawn from blood and sweat after a long time transitioning from newbie to the concept of trader.
Anyone who can read this should reflect on whether it's correct or not, I just hope it helps someone.
Firstly, if it's HOLD then let it go HOLD:
I> After the process of my head being smashed, if HOLD, long-term investment (5,7 months) only has 2 allowed ways.
C1: Spot: Buy major coins like Solana, Ethereum.... or Bitcoin, too little money then buy some of the others, even less then choose a valuable MEME coin for short-term hold, and for long-term holding still Solana, BNB, Ethereum, Bitcoin. TOO LITTLE MONEY then choose valuable MEME, with limited TOKEN, with a development timeline like that to HOLD.
C2: Hold futures, if it's futures then there is NO CONCEPT OF HOLD but there is still 1 possibility to HOLD which is to buy at bottom areas, marginal areas, for example, when the price of Bitcoin is at 53, 52k closing the daily candle can completely buy and HOLD or when the price is at a peak can completely HOLD SHORT.
II> Regarding surfing--FUTURE:
----Once it's future, there's only surfing, no one jumps in there to HOLD, especially when I'm still HOLDing futures in horizontal price ranges, it's fine to break up, fine to break down but also holding there, not to mention I've scalped and still afraid of being liquidated, not daring to leverage too much, then sometimes too much leverage, sometimes too little leverage, not to mention the time in the day is not enough while sometimes trading H4 frames, sometimes H1 frames, sometimes M15, sometimes entering orders and then going to sleep, going to work, while the entry frame is several H4, H1 frames.
Not to mention being foolish to JUMP INTO SHORT at times when it's HOT INCREASING and LONG at times when it's HOT DECREASING, who knows it might just be a bottom, a RECOVERY phase to jump in like that, wanting to buy H1 FRAME should also wait for H4 frame to close a candle, why regret, let it close candles 4 times like that and see, if you can buy the NEXT OPPORTUNITY surely there's nothing to be afraid of, NOT TO MENTION FOMO anymore, whether it increases or decreases if you see a clear trend then there must be a BACKTEST phase and the worst backtest is at least 1/3 of the previous candle, and never less than 1/2 of the candle. ONCE IT'S FUTURE:
+ 1. Futures must be trading, DON'T just leave money there or invest money there and then go anywhere, must be clear about when to start and finish, how much leverage and how much capital, be precise from the start otherwise futures won't come out futures, leverage won't come out leverage, afraid of too much, afraid of too little, getting stoploss swept then that's it, especially when it has passed that area many times. (Based on the experience and time that I am willing to have, that can be calculated is the M5 frame and at most M15.)
+ 2. The entry point should ideally follow support and resistance. The time to open and close frames, if TRADING LARGE FRAME then enter smaller frames to find entry points or according to the rule that it never backtests less than 1/2 and with my trading method, it can be set on a daily frame. ENTERING ORDERS MUST comply with the TIME FRAME to let it run to finish, because it FLUCTUATES UP, FLUCTUATES DOWN, in the end, it still reaches that goal, or just reaches the goal, there must be a STOPLOSS, otherwise just SMALL CAPITAL--BIG LEVERAGE that trades--- ACCURATE ORDER ENTRY---MEANING IT'S CLEAR and there’s also FUTURE coming out FUTURE.
+ 3. Never HOLD Long, Short, holding long, short should only be an idea at the 2 edges (e.g., the 53,90 area..), NEVER have the stupid idea of HOLDING LONG SHORT at some halfway points, the idea is extremely foolish and ignorant.
+ 4. The rule for entering orders is that it must have grounds and understanding, there is no data from technical analysis to price action, no knowledge can enter orders. IN T/H encountering a strong upward trend like during the presidential election results announcement, it rises regardless like that then there’s nothing to say (it tested exactly 1/5 of the candle), the rest has never tested below 1/2, so if there's FOMO then it also starts from 1/2 candle and if you MISS THE OPPORTUNITY, MISS THAT TIME THEN IT'S OVER, THERE'S ALWAYS ANOTHER TIME, Absolutely never regret, what's important is whether I have KNOWLEDGE or not, WHETHER I HAVE MONEY OR NOT to start another opportunity.
