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Recently watching the market, I found that many people are trading just like the old K from back in the day.
Whenever there's a trend, they get excited, keep opening positions, add to their positions when they make some profit, and hold on stubbornly when they lose a bit.
It looks pretty aggressive in the short term, but when you do the math in the end, they end up giving everything back.
Old K tells you a heartfelt truth: my real turnaround started when I learned to be "slow."
At that time, I set a very simple goal for myself — make $300 to $500 a day and then stop.
Sounds unimpressive, right? But stick with it for a month, and you can see the results for yourself.
Being slow actually helps you grow faster.
Now, Old K only trades two types of positions; I don’t do more than that.
Trial positions: enter with a small amount of 20% to 30% in key areas, add more if the direction is right, cut losses quickly if wrong.
No gambling, just testing the waters.
Trend-following positions: wait for the trend to develop on its own, only ride the most stable part in the middle.
Don’t guess the top, don’t catch the bottom.
Top and bottom are for the gods; Old K only makes money from what I can understand.