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can you drive? Won't! can you walk meeting! That's fine. If you want to reach a certain destination, you must first find the road, and then drive or step on it, instead of walking and bumping around. Remember, it is not you who open the road and reach the goal by accident. The ground, but you see the existing road, and then walk along the road to reach the destination.
Placing an order is to see the market first, and then follow the market - here is not daring to be the first in the world, not predicting first, nor fantasizing first, you have to follow and then move; and then let the market lead you for a while distance, you will make a profit.
How far can the market go? have no idea. How long does it take for the market to pull back? do not know either! Wait, then. That way you make fewer mistakes. If you start to predict the price distance or the length of time, or lose your patience, worry about losing profits, and leave the market prematurely, it means that you have left the road, then you will fall into the roadside trap. For a moment, you are bound to make mistakes, and big ones at that.
Holding a position has nothing to do with time; it is rarely related to the distance of price movement. If there is, it depends on whether the boundary of price movement has been reached or is ready to cross. The boundary of price movement is actually easy to identify.
Holding positions has nothing to do with your patience, personal emotions, including your psychological activities such as expectations or doubts! If so, you've already started losing money.
Think hard about how you drive or walk. If you don’t know how to think, then go on the road and think about the relationship between your legs, the road and the destination while walking. Striding your legs is your trading behavior; the road is the path and direction of price movement; the destination is the boundary of price movement and the end point of your trading profit.
Don't rush and take a premature step, and don't worry about being the wolf and the tiger. Price movement has a path process - trend. The trend itself is a combination of distance and time extension, but this is a dynamic process. The size of the trend cannot be pre-defined by time and price difference or analyzed and judged prematurely. At least, this is the case for most market conditions.
Moreover, traders do not need to prejudge. In fact, the trade that follows is the correct trade. And holding positions has nothing to do with price difference and time difference. If you are in tune with the market, don’t you make a profit? Don’t you still have to make a profit in US dollars and how long you have to hold a position to be reconciled? That is simply impossible and unnecessary.
Don't care about the trend and the size of the profit, just follow the market in harmony. The simplicity of being profitable is simply following the price movement instead of fighting it. The market trend has nothing to do with you. If you fight against him, will he ignore you? Therefore, if you make a mistake, you should get used to turning around easily and simply. But at this time, most people have a lot of worries in their hearts and a lot of weight in their bodies, they can't turn around, and even stumble and hate.
Holding positions is doing nothing, and the profit figures of his positions are changing with the market trend all the time, but his heart and hands never worry too much or change his positions easily. When the trend is completed, the price movement pattern will tell him that he should pocket the profits. At this time, he will naturally harvest his warehouse receipts. As for whether, how, and when to enter the market for the next order, that is It depends on the trend of the price itself and the arrangement of his work and leisure time, and profit opportunities are always everywhere.
But it is strange to say that investors or traders are always unable to achieve such a simple profit method. What is the reason? I’m afraid it’s still like what Lao Tzu said, the real winners are in the quietness and softness of “the great wisdom is like a fool”, while those “strivers” who have “the pleasure of trading” are in the tossing of the “great foolishness like wisdom”. middle.
"More easy means more difficult", "haste makes waste", in the process of the development of anything, there are bound to be decisions and influences of many successive conditions, fast is harmful, slow is beneficial. So the slowest accumulation is your fastest way to make money, and you must believe that the power of compound interest is huge. Compound interest, sometimes it is an algebraic level of growth, and sometimes it is a geometric level of development. The energy is endless, like bean sprouts on top of a rock, which is astonishing.
Allow yourself the patience to see this great gain. The huge amount of wealth obtained with time and accumulated expansion, due to the different starting points in thinking and reality, will allow you to truly feel the original huge amount of wealth when the real huge harvest comes. Owning took some time, but it's really fast, and it's safe.
So, trading is just following the trend.
The law of trading lies in impossibility. Stay out of the market, build a position in the trend, wake up to the truth of enlightenment, and be good at making profits. The world is free and unrestrained, the world is self-contained, knowing the beginning of the action and knowing the end, the market is self-interested and I am self-interested, and I am self-interested but I am outside the market.
Copyright reserved to the author
Last updated: 08/25/2023 17:07
I have been in business for five years.
Almost without sleep for two years, lingering with the ups and downs of the exchange rate every day and unable to extricate myself, there have been more than a dozen times of liquidation, and a lot of money has been lost! I am obsessed with various technical analysis and attention to news every day!
When I broke my position for the last time, I suddenly thought that I should open the historical chart and re-examine the trend market. Where is my problem?
I have asked myself many times, is it really so difficult to speculate on the market?
I also strictly stop the loss, I also take advantage of the trend with light positions, and I have also done a few beautiful transactions, why did I still liquidate my positions in the end! I stopped injecting funds again, and started browsing trading websites to find the true meaning and essence of trading! After a lot of articles from my predecessors, my mentality gradually calmed down! So, I began to seriously analyze each of my transactions to find out where I went wrong! The trading model is complicated and chaotic, without my own things, I don't have a deep understanding of the market, and I try to find out the bottom line against the market, trade frequently, occasionally take heavy positions, and close them before they are completed in time!
After finding out my own shortcomings, I redesigned the trading system and trading rules. I decided to give up all the indicators and simply start with the price characteristics to discover trading patterns.
I found that during the daily ups and downs of the exchange rate, whether the intraday market, no matter whether it follows the trend or not, there is at least a small trend of 30 to 50 points per day, which is always wandering up and down in key positions, and the characteristics are easy to identify! Designed a trading system that goes with the flow.
I regard the daily market as a shock, the exchange rate is like water, the key support and resistance is this channel of flowing water, if the water flow is fast and the channel is very thin, the exchange rate will break through the channel and look for a bigger and stronger channel, if the channel It is relatively reliable, and the exchange rate will rebound and run in the opposite direction! What I have to do is to test to find the water channel, then test the reliability of the water channel, wait patiently for the water to arrive, and either break through with the trend, or fall back when encountering resistance.
The location of the canal is my order point! From the start of the short-term trend to its formation to decay, the most powerful one is only 30 to 50 points. Well, I have my goal! 30 points per day, no matter how big it is later The trend has nothing to do with me! So, there are trading rules:
1. The daily target is fixed at 30 points, with a minimum of 20 points for each transaction, and two consecutive profits will be closed on the same day
2. The stop loss target is fixed at 20 points, stop loss for two orders in a row, and rest on the same day
3. The position is controlled at 5% of the total capital of each transaction
4. Strictly follow the trading system to find fighters
Copyright reserved to the author
Last updated: 08/20/2023 08:35
First of all, I think this is not a strategy but a trading method. Everyone will form their own things in the transaction. Trading methods, analysis methods, and self-positioning are slowly taking shape, so there is actually no standard answer to this question.
If you want to make a profit in the transaction, it is the right way to make as much money as possible when you can understand the market when there is a market, and to control the risk as much as possible when there is no market or when it is difficult to control. During the transaction, we can Simply divided into these two cases. However, it is against human nature to bear the fluctuations of uncertainty and keep calm, so not many people do it. Most people panic, fear, hesitate, question, and finally act. There are not many people who can really hold the list and make profits.
In trading, only by standing on the side of the trend can you really make a profit. Following the trend is not empty talk, and few people really understand this. Some people will never settle down easily when they are right. They would rather endure a large retracement than try to hold on to a wave of market prices. Therefore, what is needed to implement this approach is rules, and there is no such thing as a circle without rules. The so-called rules are that after countless transactions, you have found a way to enter and exit the market that suits you best. Including undertaking the retracement, and choosing to stay on the sidelines when the retracement is too much, how to deal with it if the market starts again, etc., instead of being anxious when the market changes.
Copyright reserved to the author
Last updated: 08/21/2023 16:39