Yueying: The eternal rules of cryptocurrency trading, being the king who outperforms the market

CN
1 year ago

Everyone knows that making money in the market relies on "buying high and selling low". Regardless of skill level, every trader needs to follow the basic process mentioned earlier. However, unlike the wise, those who lose often do the opposite, "selling low and buying high". One important reason for this situation is that many traders cannot accurately judge the "high" and "low" points. In fact, even trading masters cannot always accurately judge these two points.

Because the market is constantly changing and developing, no one can accurately predict the market trend the next day. If we assume that point A is the high point on the first day, and if the market opens higher and continues to rise the next day, then point A is no longer the so-called high point. In such a volatile market environment, it seems to be a difficult gap to overcome in order to accurately achieve "buying high and selling low".

Let's review the basic process of trading mentioned earlier: determine the entry point, determine the position size, and judge the exit point. Please think carefully, when we discuss the inaccuracy of technical analysis and how to do it, we are actually focusing on the first and last steps of the trading process. A very realistic problem is that too many traders delve deeply into and focus on technical analysis every day, but the importance of "position establishment" in technical analysis is actually very low.

At this point, what I want to say is that every step of trading is important. Since neither the first nor the third step can be 100% accurate, let's give up the pursuit of "perfection" and instead accept the shortcomings of technical analysis. While steadily improving our own analytical abilities, we should also pay attention to identifying the pitfalls of technical analysis to avoid falling into them. Furthermore, we should value the second step of trading, which is "risk management", so that your position becomes a variable that can be accurately controlled. Only then can your trading be maximally precise.

In the market, too many people blindly pursue the excellence of technical analysis, while neglecting the importance of risk management, and of course, other important aspects such as mindset management. After saying so much, I hope that every trader can see the essence of the problem while improving their trading skills, and face the market with a positive and open mindset. Only in this way can your trading go further.

No technical indicator or pattern analysis can accurately predict future price movements! Technical analysis is only an analysis of the current market situation. It is a language, a tool that allows you to intuitively understand the current state of the market, rather than predict how the market will operate in the future. The market's risks are managed by an existing high-probability positive return trading system. What we need to do is to clear our subjective consciousness and go with the flow of the market's ups and downs, as investing in this path is actually in line with a saying from Qu Yuan: "The road ahead is long and arduous, I will seek and explore from top to bottom." Investing is a long and arduous road, so I hope everyone will cherish it as they walk along it!

In short, futures trading is not simply buying and selling, but a game of wisdom and psychology.

- I am Zhou Yueying, a teacher dedicated to technical analysis. If you have any questions or issues with trends, feel free to communicate and learn with me! Let's exchange ideas and profit together!

The market changes dramatically every day, and all I can do is use my many years of practical experience to provide some slight assistance to everyone, guiding your investment decisions and management in the right direction. Meeting is fate, and I am a believer in fate. If you have any doubts or questions in the currency circle, you can pay more attention to Zhou Yueying, and I believe it will be helpful to you.

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