The following is purely a personal experience sharing! A stubborn detour!
A truly qualified trader should go through the following:
First, hold positions and monitor the market for one to two years, spending at least a few hours every day. If you don't hold positions and monitor the market, it’s useless; your market sense won't be strong.
Second, you must receive hundreds or thousands of liquidation messages to learn how to plan your position management and risk-reward ratio!
Third, you must experience countless losses, grow through the pain, achieve enlightenment, adjust your mindset, and manage your emotions well.
Fourth, you absolutely cannot escape this industry; otherwise, your pain will be diluted, and you won't truly grow!
Fifth, human nature is very important. The main point is to understand who your opponent is and to analyze the operational methods of institutions.
Sixth, learn to be in cash. When you are in cash, your willpower has already triumphed over your desires. Even high-end hunters need enough patience to wait for a good opportunity! There are definitely few who can make money in this field because it is a road to ruin; very few can survive.
Seventh, everyone has their own trading system, which has its own merits. Those with a slow personality should do long-term trading because they can hold on, while those with a fast personality should do short-term trading. However, you must manage your positions well, using win rates to improve your risk-reward ratio. Before this, you need to manage your positions well, for example, using 10% of your funds each time. You should practice a "no-self" trading approach, meaning that even if you act like a robot and place orders with zero emotions, you can still make money. Regardless of the trading system, you must go through a process of rigorous training before you feel you can profit, and only then should you increase your capital! Otherwise, it will be in vain!
In contracts, there are 100 steps. When your trading system can be profitable, you are only about 60 steps in. After that, you still need to maintain and stabilize your position management! There is still much more to learn! Even if I can provide very good entry points and timing, I cannot say that I have reached 100 steps. I am currently at around 90 steps, and I still need to continue learning! What I’m talking about is not learning techniques, drawing lines, Fibonacci, or MACD; I only focus on the matter itself. These things are of little use and can instead become your shackles. If you don’t go down, you say it’s a support level; if it goes down, you say it’s a breakout. You can always deceive yourself. When institutions are absolutely dumping or pumping the market, all techniques are useless! In other words, when the real market comes, the first to die will be the technical analysts!
For me, what is analysis?
It is human nature.
It is a general prediction of collective trends (for example, will the US dollar index and US stocks provide opportunities for the crypto market? For instance, if US stocks keep falling, the probability of a crypto market rally is naturally low, while the probability of a crash is high!)
It is an understanding of news that surpasses ordinary people (when news comes out, you must at least judge whether you are one of the first to know about it. In most cases, you definitely are not; by the time you see it, the news has already played out.)
It is standing on the side of the balance with fewer chips based on your comprehensive analytical ability (only this is strength; everything else is luck).
For the stubborn ones, if you have read this far, don’t forget to check out my previous analyses; there are a total of 5 articles that you can review and verify the timing!
Finally, a piece of advice for newcomers and inexperienced traders!
Desire should be less; live a happier and freer life. You don’t necessarily have to trade contracts. Believe me, if you don’t trade contracts, you are already ahead of over 95% of people in the crypto market, and over 95% of people wish to return to the initial lifestyle where a salary of a few thousand doesn’t matter! Very few people can gain enlightenment on the path of contracts; it’s like winning the lottery!
The essence of contracts is rock-paper-scissors. You go first because when you place an order, your chips are already on the betting table! So, what is your probability of winning?
Betting once has a 50-50 win rate, but betting 100 times, you might not even have a 10% win rate because it’s very simple: the techniques you learn will interfere with you, your inexperienced thinking will trip you up, your emotional management will hinder you, and your greed and desires will bind you from making the right decisions!
I know not many can understand this, but it is a fact! I wish everyone finds the path that suits them soon!
Lastly, I want to say, if you don’t pay attention to position management, you will eventually fail; otherwise, go play with spot trading!
If you understand, follow me. I also want to see how many people this wave has helped; if I can help one, that’s enough!
For more precise entry points, search for "仓神" in the mobile app under "Dynamics" and follow me.
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