Making Money: The Most Important Five Steps to Share with Everyone:
First, catch the big counter-move. The current big picture forms an “n” shape. As long as the big direction is correct, you don’t have to fear getting trapped. If the big direction is wrong, you must admit the loss and leave.
Then find the sector and the specific stocks/targets. Look for strong, popular main-theme sectors, and choose “dragon” stocks with high recognizability whose wave patterns you can understand.
Next, find the entry position. Position is secondary. Of course it’s better to have a good position, but a bad position isn’t that big a problem—because you can’t buy at the absolute lowest and sell at the absolute highest.
Position management: build a pyramid-style entry. In a bear market, never go all-in.
Finally, unify knowing and doing. Operate in an anti-instinct way.
First, catch the big counter-move. The current big picture forms an “n” shape. As long as the big direction is correct, you don’t have to fear getting trapped. If the big direction is wrong, you must admit the loss and leave.
Then find the sector and the specific stocks/targets. Look for strong, popular main-theme sectors, and choose “dragon” stocks with high recognizability whose wave patterns you can understand.
Next, find the entry position. Position is secondary. Of course it’s better to have a good position, but a bad position isn’t that big a problem—because you can’t buy at the absolute lowest and sell at the absolute highest.
Position management: build a pyramid-style entry. In a bear market, never go all-in.
Finally, unify knowing and doing. Operate in an anti-instinct way.
