[How to operate the callback process | 6 rules of trend trading, don’t be anxious after reading this]
There will definitely be times of greater volatility in November, but no matter what, please don’t hand over your chips easily, don’t be anxious, and don’t fall into the darkness before dawn! If you don’t know how to operate at this time, I suggest that you don’t look at the price, but only look at the dynamic trend. The steps are as follows:
1. Trend, that is, the highest points are getting higher and higher, and the lowest points are getting higher and higher; or the highest points are getting lower and lower, and the lowest points are getting lower and lower. Trends are useful and dynamic because there are more longs than shorts (or more shorts than longs) over a period of time.
2. Remember, time creates trends. If the market rises by one basis point in the next second, then it is said that the trend of one basis point has changed!
3. The focus of the trend is when the imbalance between buyers and sellers will be broken.
4. In a rising market, prices will pull back as buyers cash in on their profits. If the market continues to rise after a pullback, this indicates that there are still few sellers and many buyers. When the market breaks out of its normal patterns, you know something is wrong. When the market breaks above the trend line, it disrupts the balance between buyers and sellers.
5. What causes the market balance to be broken? There is no need to know the answer to this question. You have to believe that most of the news in the market is junk. Just place an order at the price that is most likely to confirm a break in balance, and then wait for the market to define itself.
6. If your order is filled, set a stop loss order and stop the loss when the market cannot prove that your transaction is valid. You may ask, what is an effective transaction? If the position moves along the main price direction, then the transaction is valid, and holding it at this time is the best way!
Brothers, remember these six points and don’t be anxious about the ups and downs!