Let's talk about the trading system!

What is a trading system? A trading system is a complete set of rules for the trading process, and each trading system has its corresponding step-by-step rules ABCD. Different trading systems have different step-by-step rules. A trading system usually comes with a trading system manual that expresses each decision of this system's operation in written form. The trading belongs to oneself, and the trading system also belongs to oneself. Even with the same theory and the same teacher, the understanding can be different. Learn the trading rules that suit you.
An excellent trading system is equally counterintuitive; it requires you to overcome greed and fear, to be decisive and not make subjective assumptions, and to strictly adhere to the rules.
As an emotional investor in an emotional market, it is very difficult to strictly adhere to your own trading system.
What is even more difficult is that an excellent trading system is not just theoretical knowledge; it is forged through countless trials and errors and continuously refined.
An excellent trading system is not about making money through capital speculation, but about earning money with low risk and high returns based on probability.
This presents a serious problem, which is that retail traders' transactions will lag behind, reacting half a beat slower. Here are a few suggestions I want to give:
First, most of the people currently trading are not from a professional financial background, so trading should be done cautiously and with care.
Second, a complete trading system should start from the most basic indicators and should involve minimal investment before becoming proficient with each indicator.
Three, indicators are nothing more than moving averages and various types of indicators, and there is no opportunity to create your own indicators, so how to combine and optimize depends on yourself.
Fourth, borrow mature systems from others, optimize, analyze, and summarize on this system.
Five, dare to test, use a minimal amount of money to test, shorten your ideation time, find good programmers, understand your ideas, and optimize the indicators.
Six, understand the relationship between time and price.
Seven, psychological capability, when trading you must be a heartless robot, do not be disturbed by others, frequently watching the market will only affect your plan, the positions and target prices at different time frames are always different.
Principles to note during the trading process:
1. The main principle: Earn the market average return in a bull market, and minimize losses in a bear market.
2. The second principle: Do not borrow money to play; never borrow money to gamble. Your own money and borrowed money will never have the same mindset. Even with the correct trading decision, psychological factors will always intervene.
3. Small Principle: If not necessary, try to avoid frequent trading.
Fourth, buying and selling only takes a second, but making the decision to buy and sell requires you to spend a lot of effort to think and practice.
There are many indicators, and mastering one is like being a teacher in this industry. The book provides very little, and the practical application is different; it requires continuous solid foundational work. Candlestick charts are the foundation of everything.
I hope to help those who are willing, a little attention, don't get lost! #5月CPI 数据将公布 #科技巨头布局稳定币