On the journey of trading, in addition to honing skills and execution, we also need to learn to pause, reflect, and drop to zero. Often, it is in these moments of quiet contemplation that we gain unexpected insights and breakthroughs.
Trading should not become a mechanical act, but rather requires us to frequently step out of conventional thinking and examine our strategies from a more macro perspective. Regarding position management, an effective method is: when your judgment is validated by the market, increase your position when the price moderately retraces. Trend traders typically increase their positions at least once when the price breaks through or gaps up. However, it is important to note that the decision to increase positions must be consistent with your overall trading plan, rather than blindly increasing positions simply because there are profits on paper.
For intraday trading or fluctuating markets, the best strategy may be to establish the entire position all at once and then strictly close the position according to preset rules. Regardless of the strategy used, the key is to accurately identify the market conditions, match the corresponding countermeasures, and execute consistently.
It is very important to internalize trading principles into conditioned reflexes. This means we must go beyond the constraints of paper profit and loss, decisively entering the market when it is time to do so, and not hesitating when it is time to reduce positions. We need to abandon bad habits such as hesitation, procrastination, fantasy, and subjective predictions, and instead completely follow market trends to formulate strategies.
Remember, success does not require blindly imitating others or challenging high-difficulty operations. True success comes from overcoming oneself, adhering to simple and correct actions, and achieving wealth growth through the accumulation of time and the power of compound interest.
Finally, we must remember the four key elements of candlestick charts (opening price, highest price, lowest price, and closing price), which are the fundamental tools for analyzing the market. By deeply understanding these elements, we can better grasp the market's pulse and make more informed trading decisions.
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LowCapGemHunter
· 5h ago
Cryptocurrency Trading gains and losses depend entirely on mindset~
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DeadTrades_Walking
· 09-04 00:50
So much talk, so little money.
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SquidTeacher
· 09-04 00:47
That's how anyone would say it.
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AirdropNinja
· 09-04 00:46
It's so reasonable.
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GraphGuru
· 09-04 00:39
Well said, but I just can't resist momentum investing.
On the journey of trading, in addition to honing skills and execution, we also need to learn to pause, reflect, and drop to zero. Often, it is in these moments of quiet contemplation that we gain unexpected insights and breakthroughs.
Trading should not become a mechanical act, but rather requires us to frequently step out of conventional thinking and examine our strategies from a more macro perspective. Regarding position management, an effective method is: when your judgment is validated by the market, increase your position when the price moderately retraces. Trend traders typically increase their positions at least once when the price breaks through or gaps up. However, it is important to note that the decision to increase positions must be consistent with your overall trading plan, rather than blindly increasing positions simply because there are profits on paper.
For intraday trading or fluctuating markets, the best strategy may be to establish the entire position all at once and then strictly close the position according to preset rules. Regardless of the strategy used, the key is to accurately identify the market conditions, match the corresponding countermeasures, and execute consistently.
It is very important to internalize trading principles into conditioned reflexes. This means we must go beyond the constraints of paper profit and loss, decisively entering the market when it is time to do so, and not hesitating when it is time to reduce positions. We need to abandon bad habits such as hesitation, procrastination, fantasy, and subjective predictions, and instead completely follow market trends to formulate strategies.
Remember, success does not require blindly imitating others or challenging high-difficulty operations. True success comes from overcoming oneself, adhering to simple and correct actions, and achieving wealth growth through the accumulation of time and the power of compound interest.
Finally, we must remember the four key elements of candlestick charts (opening price, highest price, lowest price, and closing price), which are the fundamental tools for analyzing the market. By deeply understanding these elements, we can better grasp the market's pulse and make more informed trading decisions.