Determining trend reversal and operating techniques for volatile market conditions, a must-read for retail investors!
When a trend is formed, try to make as many short orders as possible in the downward trend, and make as many long orders as possible in the upward trend. Before there is a reversal, callbacks and rebounds require high technical requirements, so they are not suitable for novices. To judge whether it is a reversal or not, it needs to be judged based on the structure and speed of time and space. Generally speaking: when the market moves for a certain space, especially when it encounters important resistance or support, the possibility of reversal will be very high. The strength of the market's rise or fall will be very strong, and the speed will be very fast. The probability of reversal Very big! If it quickly breaks through important resistance and support or moves sideways, the original trend will most likely be maintained.
Shock trading method: The market is in a oscillating pattern most of the time. Selling high and buying low between boxes when the market oscillates is the most basic way to make stable profits. The indicator used is BOLL, box theory. The prerequisite for success is to find resistance and support based on various technical indicators and graphics. The principle of using the shock order method is that in short-term trading, don't be greedy!
Method for placing orders on market changes and breakthroughs: When the market consolidates for a long period of time, it will eventually choose a direction. Pursuing the market after the market changes direction is the fastest way to make stable profits. It requires a good ability to judge market changes, a stable mentality, and avoid greed and fear.
A person's worst enemy is himself. Inner greed, selfishness, irritability, prejudice, laziness and other bad emotions. If a person can't even do some small things in daily life well, can't handle family relationships well, and can't do his job well, then it is simply a fantasy to dream of doing the most difficult job in the world - trading. In the end, the most important thing in trading is personal cultivation. The biggest feature of trading is actually the torture of people's emotions. Only by realizing the true meaning of life and possessing extremely high personal cultivation can we achieve extraordinary results. No matter what you do, if you want to achieve success, you must have a personal thinking mode, outlook on life, values, etc. A lazy person who tries to master some technical things and try to get it done once and for all is basically just daydreaming! #BTC #ETH
