Hello, I am trader Gege. In the previous article, let's start by briefly discussing the concepts of risk and cost. I hope your trading will be calm!

Many traders have not clarified the concepts of risk and cost.

It is not that when we make a trade, the possibility of being stopped out is the risk. This is just the cost of trial and error.

So what is risk? It is when you don't know how much you will lose in a trade, that is risk. Controllable loss is cost, uncontrollable loss is risk. So once you understand the essence of these two, you should understand that high returns come with high costs.

In the market, it becomes whether your risk-reward ratio is appropriate, whether you are willing to accept it, and whether you are willing to exchange the potential future winning space for the appropriate cost of trial and error. So this cost of trial and error must be something you can afford and will not affect your emotions after making a mistake.

Just like when you buy a teacup for five yuan from a supplier and plan to sell it for fifteen yuan, but in the end, no one buys your teacup, the five yuan you spent on the purchase will not affect your subsequent state. You can completely accept the loss of this five yuan and spend another five yuan to buy a pair of chopsticks.

Because you understand that as long as you keep trying, there will always be a profitable trade.

Let's review the market. The previous article gave a current price trend signal for the big cake, which has already moved out of the 5700 point space. The article updated around 5:20 pm on May 2nd, giving a light position trend signal at the current price of 57600, which is equivalent to a bottom entry position. Friends who followed can adjust their positions according to their own situation. We have already added to the position in the trend, although the cost price has increased, we have already reduced the position and harvested some profits (see the figure below, some parts cannot be seen here, but can be seen in other positions).

The overall trend of the big cake market remains unchanged in the long term, so I won't go into details. The daily chart has already completed the recovery of the decline on the 30th and 1st. Since the market has returned to above 60,000 again, the trend signal has already harvested some profits, there is no pressure, and we can watch while walking. Friends who have not followed can refer to the support range of 61500-60500 in the short term. I won't go into too much technical analysis, for friends who are still hesitant and have not taken action, please review the previous article again. More real-time advice will be sent internally. 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, manage your risks when entering the market, and determine the profit and stop-loss spaces on your own. Specific strategies should be consulted based on the current market conditions.

By/Trader Gege, a friend willing to accompany you to rise again

Many individual investors are unable to enter the trading door, often simply because they lack a guide. The problems you ponder over may be easily solved with a single pointer from an experienced person. Daily real-time market analysis of BTC, ETH, BCH, LTC, EOS, XRP, DOT and other currencies are publicly available in the circle of friends, and there is also a group for experience exchange and guidance. There is 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 does not belong to me!

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