In this volatile choppy market, doing T is nothing more than a decent choice—but it often also comes with the problem of selling too early when a move breaks out in one direction. You can’t have both fish and bear’s paw; it’s true in the trading market as well.
So most trading can be divided into two types: one is to do only intraday scalping/short-term trades, without considering value investing—no emotion about selling too early, not chasing the absolute highest point or the absolute lowest, and only executing trades with high certainty. The other is to trade only the trend: once you’ve identified it, you hold for the long term, and you don’t let go until it reaches your psychological expectations.
Each of these has its pros and cons. It’s hard to fully have both. If you try to do both, you’re likely to end up losing the watermelon and not picking up the sesame seeds.
The current price action illustrates this: intraday T means buying low and selling high—grab a bit and run; it feels great. But once you trade the trend, you’ll miss many swings, and that’s unavoidable. For example, my 65k order on Monday—until now I’m still holding it. Yesterday it even dipped to as low as 62,500, but I didn’t exit. That may lead to some giveback, but since the target hasn’t been reached yet, I won’t rashly change the timing of my exit.
Look at each person’s trading philosophy and habits, then summarize a system that fits you. Everyone is different. Adopting someone else’s trading system doesn’t necessarily suit you. #btc
So most trading can be divided into two types: one is to do only intraday scalping/short-term trades, without considering value investing—no emotion about selling too early, not chasing the absolute highest point or the absolute lowest, and only executing trades with high certainty. The other is to trade only the trend: once you’ve identified it, you hold for the long term, and you don’t let go until it reaches your psychological expectations.
Each of these has its pros and cons. It’s hard to fully have both. If you try to do both, you’re likely to end up losing the watermelon and not picking up the sesame seeds.
The current price action illustrates this: intraday T means buying low and selling high—grab a bit and run; it feels great. But once you trade the trend, you’ll miss many swings, and that’s unavoidable. For example, my 65k order on Monday—until now I’m still holding it. Yesterday it even dipped to as low as 62,500, but I didn’t exit. That may lead to some giveback, but since the target hasn’t been reached yet, I won’t rashly change the timing of my exit.
Look at each person’s trading philosophy and habits, then summarize a system that fits you. Everyone is different. Adopting someone else’s trading system doesn’t necessarily suit you. #btc
