#Gate廣場五月交易分享 Today, I want to share the mindset in trading. During the trading process, we usually guess whether the market should go up or go down. Especially for day traders—people in this group need to place trades every day, otherwise they’re afraid of missing out on market moves. This kind of mindset is truly terrifying.

Also, we can’t guess how the market should move; rather, we should decide how we should react to the market as it moves. This process is dynamic, not fixed. For example, in a clearly downward trend, at this time we shouldn’t try to catch the bottom, because the “bottom” you believe in might be someone else’s “top.” This is also called going against the trend (contrarian trading). Going against the trend will feel very uncomfortable, because you are always losing, and you’re always averaging down your cost.

The correct approach should be: in a clearly downward trend, if you still want to go long, then you should wait. Wait until the downtrend is no longer continuously creating new lows. During consolidation, when you discover that it is gradually creating new highs, then you can place your trades—at least you won’t “die” so quickly. In a counter-trend rebound bet, setting a stop-loss is especially important. That’s all for today, and I wish you all to get rich—get rich, and get rich.