Hello, everyone, I am trader Gege. Happy holidays! In this article, let's first talk about how to trade with confidence. May your trading be calm!

The characteristic of most traders is that they lack confidence. They lack confidence when entering the market, exiting the market, and this lack of confidence leads to being dominated by fear. When dominated by fear, the operation will become distorted, and this distortion will lead to losses that should not have occurred. Often, they make a little profit but end up losing a lot, and their mentality will slowly collapse.

How can you trade with confidence?

First, your trading system must have no obvious loopholes. Second, you need to halve your expected value. For example, if your statistics show that your profit-to-loss ratio is 1:5, then halve it in your mind and don't have too high expectations. Before entering each trade, carefully compare every step of your system's entry logic. Only when all conditions support your entry, should you pull the trigger.

After entering the market, focus on controlling drawdowns and positions, absolutely no reckless behavior. "Do your best and leave the rest to fate" is the most appropriate mindset. The trading system is not only for making decisive decisions when stopping losses, but also for keeping calm when facing huge unrealized profits.

The temptation to take profit is often more difficult to resist than cutting losses. If you lack confidence, you will definitely be defeated by this emotion. The only weapons that can resist it are extremely strong willpower and a system built after long-term statistics. Most people do not possess the former, and occasional occurrences are just due to gambling instincts. It's unfortunate that these people, because of those few occasional events, think they have innate abilities. Those who fall into the wrong path are often these people.

However, a system built after long-term statistics is something that everyone can have. The longer the statistics, the stronger the system, the more powerful the weapon, the more confidence you will have, and the more fearless you will be in your operations. In the trading world, the only perfection you can pursue is the perfection of your operations, not the perfection of your trading results.

Returning to the market, the "big cake" (referring to Bitcoin) fell below the final support level of 60,000 before the monthly closing, and the technical indicators on both large and small timeframes have leaned towards bearish. The market sentiment is in panic. Let's put aside the technical aspects and look at the market. For the long-term view, I still maintain my previous view. Friends who have experienced many bull and bear markets should believe that a big bull market will definitely come, it's just a matter of time.

It has been mentioned before that the trend of this bull market is different from the past, but no matter how the market changes in the meantime, the final result remains the same: there will definitely be a big bull market after the halving. If you have this belief, we can stick together. It's just a matter of waiting, enduring, and the "big cake" will not let down its believers.

Although there are many uncertainties now, and the data is relatively weak, the cost of mining is also relatively high. Therefore, personally, even if it continues to fall, the "big cake" should find support around the 52,000 level. After the last halving, the market slowly rose, and the ignition point was two months later. Because the situation was different at that time, this time after the halving, the market fell below the key support level of 60,000. As the saying goes, history often repeats itself in surprising ways, it's not a simple repetition. Be patient and wait for the big bull market. One thing to note is the magnitude of the rise. The magnitude of the bull market's rise after each halving is getting smaller. This time, it may be a rise of 1 to 3 times, not like before, when it was 8 times or even more.

We cannot predict the exact timing of the big bull market, nor can we predict the peak time, so we need to patiently observe and try. As for the operation, the current price of the "big cake" is around 57,600. You can try a light position first, add more at 55,800, and exit if it falls below 55,500, then wait for the completion of the bottom around 52,000 to re-enter. Note that the risk of trying a position now is relatively high, so you must control your position and use a loss that you can accept to try a position, and make your own decisions. For more real-time advice, please refer to the internal messages. This article ends here today, see you next time. For more real-time advice on the "big cake," find Gege. The advice is for reference only. Please manage your risks when entering the market, and make your own decisions on profit and stop-loss spaces. Specific strategies should be based on real-time market conditions.

By/Trader Gege, a friend willing to accompany you on the road to success

Many individual investors are unable to enter the trading market simply because they lack a guide. Sometimes, the problems you ponder over can be easily solved with a single piece of advice from an experienced person. Daily real-time market analysis of currencies such as BTC, ETH, BCH, LTC, EOS, XRP, DOT, etc., is publicly available in the circle of friends, and there is also guidance in the experience exchange group, with real-time market analysis and operation guidance available 18 hours a day. Welcome to scan and add for real-time guidance. Note! The contact information below is not mine!

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