Key points for currency speculation:
Stock speculation is an anti-human thing. You must learn to think independently and think reversely to do what you are afraid of, and your fear will naturally disappear. When you encounter a problem of choosing between two, choose the one you dare not do, and your winning rate will naturally become higher.
Article 1: When you are losing money or being trapped at a high position, do not rush to buy the bottom and add positions, especially when there is a downward trend. There is only one criterion for adding positions: the market will improve, stabilize and rebound, break through the downward trend, stabilize, and start to strengthen again. When you want to add a position, you might as well ask yourself first, if it is a new position, will you enter the market? If not, then please don't hand over the position easily.
Article 2: No plan, no trading. Plan your transactions after the market and trade your plan during the market. Regardless of whether the transaction ends up making a profit or losing money, as long as it is executed well, it is a success. Because first-rate methods and third-rate execution will result in losses in the end, while third-rate methods and first-rate execution can still make money. Many people have clearly thought about how to operate, but they mess up the rules during the trading, completely forgetting their trading plan and precepts. The money they earn based on luck will eventually be lost based on their ability. It is the most difficult thing for us to integrate knowledge and action. For those who can do it, I believe Mr. Market will reward you.
Stock speculation is an anti-human thing. You must learn to think independently and think reversely to do what you are afraid of, and your fear will naturally disappear. When you encounter a problem of choosing between two, choose the one you dare not do, and your winning rate will naturally become higher.
Article 1: When you are losing money or being trapped at a high position, do not rush to buy the bottom and add positions, especially when there is a downward trend. There is only one criterion for adding positions: the market will improve, stabilize and rebound, break through the downward trend, stabilize, and start to strengthen again. When you want to add a position, you might as well ask yourself first, if it is a new position, will you enter the market? If not, then please don't hand over the position easily.
Article 2: No plan, no trading. Plan your transactions after the market and trade your plan during the market. Regardless of whether the transaction ends up making a profit or losing money, as long as it is executed well, it is a success. Because first-rate methods and third-rate execution will result in losses in the end, while third-rate methods and first-rate execution can still make money. Many people have clearly thought about how to operate, but they mess up the rules during the trading, completely forgetting their trading plan and precepts. The money they earn based on luck will eventually be lost based on their ability. It is the most difficult thing for us to integrate knowledge and action. For those who can do it, I believe Mr. Market will reward you.