It's been over a year since you entered the circle. Have you achieved your profit goals? If you're still wandering in the market without finding direction, then you might want to listen to the stories of those who have been through it.
A trader spent 8 years, going from frequent pitfalls and margin calls to gradually recovering and accumulating profits of over 50 million. Over the years, he has accumulated not only numbers in his account but more importantly, a set of his own trading cognitive system.
Based on years of real trading experience, he has compiled ten trading insights. These are rules that have been concretely explored in the market and may help you avoid some pitfalls.
**Rule 1: If the principal is not large enough, don't go all in**
Rather than frequent operations, it is better to patiently wait for a real bull market wave. Maintaining patience before the market starts is often more valuable than continuous trading. Being fully invested sounds exhilarating, but the risks are terrifying.
**Article 2: You can only earn money within the scope of your own understanding**
Before entering the real market, practice your mindset and refine your skills using a demo account. A demo account allows you to fail countless times without any cost, but one big mistake in a real account can lead to immediate exit. The cost of that is too high.
**Article 3: No surge on the day of the positive announcement? Be cautious**
A rule: If a major positive news does not rise on the day it is released, and instead opens high the next day, one should be cautious. This is often a good time for selling, and many people may get stuck here.
**Article 4: Reduce positions or go short before holidays**
Every holiday market can verify this rule - the reduction in positions before a long holiday is often the right choice. It seems conservative, but in fact, it is using historical patterns to protect oneself.
**Article 5: The core of medium to long-term investment is to maintain cash flow**
To buy low and sell high, and to operate in a rolling manner, is how one can survive longer in the market. The dream of capturing all the gains in one go is a game for the big players, retail investors should never think about it.
**Article 6: Short-term trading should only select active trading volume cryptocurrencies**
Those coins with low trading volume consume time and wear down your mindset, making them meaningless. Choosing targets with high activity and significant volatility is the only way to have practical value for short-term trading.
**Article 7: The Rhythm of Decline is Key**
A slow and gradual rebound can often be frustrating, but if it is a sharp decline, the rebound usually comes faster. Understanding this rhythm can help you catch a lot of bottoms.
**Article 8: Be Decisive in Accepting Losses for Wrong Purchases**
Stopping losses in a timely manner is not a failure, but a way to preserve capital. As long as the capital is still in the account, opportunities will always arise — this is the fundamental logic of survival.
**Article 9: Short-term operations should refer to the 15-minute candlestick chart**
By using the KDJ indicator, you can find many golden buying and selling points. Don't expect one indicator to cover everything, but using a few tools to their fullest often yields sufficient results.
**Article 10: You do not need to master all trading techniques**
There are countless trading methods on the market, but you only need to master one or two of them and practice them to perfection. Specialization is more valuable than a broad understanding.
Each of these ten points has been learned in the market with real money. Taking one less detour essentially means making money for yourself. If you are still confused and exploring on your trading journey, you might consider using these insights as a reference; they may help you find your own rhythm.
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It's been over a year since you entered the circle. Have you achieved your profit goals? If you're still wandering in the market without finding direction, then you might want to listen to the stories of those who have been through it.
A trader spent 8 years, going from frequent pitfalls and margin calls to gradually recovering and accumulating profits of over 50 million. Over the years, he has accumulated not only numbers in his account but more importantly, a set of his own trading cognitive system.
Based on years of real trading experience, he has compiled ten trading insights. These are rules that have been concretely explored in the market and may help you avoid some pitfalls.
**Rule 1: If the principal is not large enough, don't go all in**
Rather than frequent operations, it is better to patiently wait for a real bull market wave. Maintaining patience before the market starts is often more valuable than continuous trading. Being fully invested sounds exhilarating, but the risks are terrifying.
**Article 2: You can only earn money within the scope of your own understanding**
Before entering the real market, practice your mindset and refine your skills using a demo account. A demo account allows you to fail countless times without any cost, but one big mistake in a real account can lead to immediate exit. The cost of that is too high.
**Article 3: No surge on the day of the positive announcement? Be cautious**
A rule: If a major positive news does not rise on the day it is released, and instead opens high the next day, one should be cautious. This is often a good time for selling, and many people may get stuck here.
**Article 4: Reduce positions or go short before holidays**
Every holiday market can verify this rule - the reduction in positions before a long holiday is often the right choice. It seems conservative, but in fact, it is using historical patterns to protect oneself.
**Article 5: The core of medium to long-term investment is to maintain cash flow**
To buy low and sell high, and to operate in a rolling manner, is how one can survive longer in the market. The dream of capturing all the gains in one go is a game for the big players, retail investors should never think about it.
**Article 6: Short-term trading should only select active trading volume cryptocurrencies**
Those coins with low trading volume consume time and wear down your mindset, making them meaningless. Choosing targets with high activity and significant volatility is the only way to have practical value for short-term trading.
**Article 7: The Rhythm of Decline is Key**
A slow and gradual rebound can often be frustrating, but if it is a sharp decline, the rebound usually comes faster. Understanding this rhythm can help you catch a lot of bottoms.
**Article 8: Be Decisive in Accepting Losses for Wrong Purchases**
Stopping losses in a timely manner is not a failure, but a way to preserve capital. As long as the capital is still in the account, opportunities will always arise — this is the fundamental logic of survival.
**Article 9: Short-term operations should refer to the 15-minute candlestick chart**
By using the KDJ indicator, you can find many golden buying and selling points. Don't expect one indicator to cover everything, but using a few tools to their fullest often yields sufficient results.
**Article 10: You do not need to master all trading techniques**
There are countless trading methods on the market, but you only need to master one or two of them and practice them to perfection. Specialization is more valuable than a broad understanding.
Each of these ten points has been learned in the market with real money. Taking one less detour essentially means making money for yourself. If you are still confused and exploring on your trading journey, you might consider using these insights as a reference; they may help you find your own rhythm.