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Last week, there were no live streams all week long. These days, I’ve been fishing again, and I’ve also said in my live streams more than once that I’m naturally pretty lazy, and I don’t actually think there’s a need to live stream every single day. Also, when I live stream, I don’t do that kind of ultra-short-term trading. I just teach how to draw lines, how to look at the market chart, and how to place orders.
In this market, more people are expecting and relying on others to call out “where it’s empty” and “where it’s full” every day. They don’t have the patience to learn trading on their own. These are also the kind of people I mentioned in my live streams—people who lose money and don’t even know where they’re losing it, or where they should be losing it. I’ve gone off on a tangent.
Back to the main point: during my live streams, I also tell everyone to copy the lines I draw onto their own computers. Whatever the trend is, how to do the trades—again and again, I teach it. Ethereum 2263—how did I say it? Where did I talk about the trend line? For Bitcoin, the must-be-short position—how much profit should you target, do you still remember?
And when the position is reached, don’t you still know what to do? I take out the lines I drew half a month ago, and they still hit. And the profits are also still very solid. Will I miss the exact entry points I want? Yes, I will—and more than once. But more of the time, they do arrive. Is it more comfortable to open trades frequently and just comfortably take 10 or 20 points, or to wait 3 or 5 days for one trade and comfortably take 100 or 180 points?
Opening trades frequently also means a higher stop-loss rate (except for the big fools who stubbornly go against the trades). My trading motto is: even if you’re losing money, you should lose it in a place that’s worth losing.
I won’t be fishing tomorrow. If there are no surprises, tomorrow night at 9 PM I’ll do a normal live stream.$ETH $BTC