"If you want to solve your own mistakes, you must understand why such mistakes occur"!
Everything in the world has cause and effect. When we make mistakes in the trading process, is it really just that we have not cultivated enough, or the technical system is not complete, or we do not understand the market?
1. Know yourself, know your enemy, and win a hundred battles
①For myself——
Previously, the author has been telling everyone to understand themselves correctly, and not to rashly define themselves as what kind of trader. Once they are positioned, it becomes difficult to sense their own temper and personality.
You don't need to deliberately imitate anyone, look for the K-line you are most familiar with to experience the combination of K-line shapes and structures. In the process of trading, if you even make mistakes with the K-lines you are familiar with, you have to reflect on it when you go back, summarize and correct it to fill in your own technical analysis for verification.
(Before solving the mistake, first understand whether your mistake is from the place where your proficiency is the highest. If it is, please stop and spend 10 minutes to compare other similar trends to find the key point.)
②For the market——
In the process of doing transactions, we must understand the urine nature of the market. What is urination, how much the increase rate starts to adjust, and how much the drop rate starts to adjust! In fact, in the two-way market, the upper and lower technical adjustments are common.
Like most small-level (less than 30 minutes) rises in the range of 0.0010 to 0.0020, the market will usher in the first wave of rebound at this time, which is a kind of urine in the market.
For another example, refer to your own profitability. I believe that most foreign exchange participants are not the ones who lose money as soon as they participate in the market, but those who go from loss to floating profit and then suddenly collapse the leverage list.
When the market becomes uncertain, please recognize your profitability. Usually, a single order will start to have problems when the profit is around 50 US dollars, so stop when it reaches 50 US dollars. Leave and wait for the next opportunity!
(Why do you want to make a profit and leave the market? Have you ever found that when you are trading at the same level, it is very time-consuming and you actually have a new trading idea, but how many times have you missed the market due to the margin issue? ??)
Sometimes making mistakes is not a problem with your technical analysis, but your lack of understanding of market varieties! Of course, if you leave the market after reaching your own profit level, you may miss the follow-up market (this kind of exit generally refers to the important pressure level of technical analysis), but if this method allows you to avoid a wrong bar order, you will not be in a floating profit. When shrinking, you are still expecting to give you another $50 in basic level income.
Maintaining principal + income is the basis for your continuous trading in the foreign exchange market. Blindly depositing funds to maintain margins proves that there is something wrong with your trading system (unless you want to increase your opening volume).
2. Believe in your own trading system, even if your trading system is incomplete!
How can you see a rainbow without going through wind and rain? When placing an order, traders must first sort out two problems——
1. Does it conform to your own trading system when you place an order?
2. Does the K-line trend after placing an order conform to your trading system?
It's a static-dynamic-static question.
Have you found that most people's trading systems are statically frozen, that is, any indicator is frozen and becomes history! So when solving this problem, our previous technical analysis post proposed the concept of time and price (in short, you don’t understand the four elements of volume, price, time and space, and it’s no different from blind people’s trading with elephants)
When you place an order, it is a dynamic change process, even the future trend is also dynamic. Why do we say static, dynamic and static? The last static is whether the trend after placing an order is in line with your expected trend. If it is compounded, then go back to the front Whether the moment has reached a key point or whether it has reached a rebound point, then continue to hold it. At this time, the trader can make a profit and leave the market and continue to wait! !
Of course, due to the incompleteness of the trading system, some orders may have problems at the beginning, so let’s go back to the question in the article. Is the problem in the K-line that I am most familiar with? I have been putting forward the concept of time before, but now I am It is necessary to be sensitive to price when making transactions, and to be friends with the K-line that you are most familiar with! !
3. Don’t waste time on indifferent market conditions
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