Six tips for turning losses into profits that the big names of Yifang Trading have kept in their bottom line. You must save them for easy review #btc
1. Making money depends on the strength of the market, not on the skills of people. Sometimes a bull-bear transition takes many years and will cost a lot of time
2. Position management is the soul. Only position control can truly implement risk control
3. Position combination is very important
4. In front of the market, there is no point of view. No point of view is a good point of view
You can't make the right prediction every day, and you can't make all the wrong predictions. Soros said that it is not important to make the right or wrong predictions. What is important is that we minimize the possible losses. Buffett's teacher Graham said: If my experience of more than 60 years on Wall Street can tell me something, it is that there is no People can accurately predict the changes of K-line
5. Can you keep a half-beat behind the market
6. Correctly look at technology. What does it mean to look at technology correctly? You know when not to use technology, when to put weapons into storage, and when not to operate is the best operation. This is very important. As for position management, position management is a science. The ancestor of position management is empty positions
For example, when the market is not good, 90% of my positions are empty positions and I only leave 10% of the light cavalry to harass the enemy. One layer of positions is enough
Trading is philosophy and art, not science. When you keep a close eye on the risks, profits will come uninvited#
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