Learning to trade from Yu Qian's Beijing Defense War (Part 1)

While the market is still going on, I haven't shared with you any trading issues other than the market for a long time. It's the weekend, so let's review it with you.

Let's start with the key points: the general trend of the market, taking ETH as an example, it should go out of the medium-term downward trend in the evening or early morning, and you can take this downward order, but the small probability event of defending a little bit is that the big cake accelerates and pulls up and breaks directly, so even if you enter the market, you must bring a stop loss. At the current point, the stop loss is set at the previous high, which is not much.

The following is nonsense, and those who are busy can leave first.

I talked about it once in the community before that every transaction is a war of arranging troops and arrays. Only if you do a lot of preparation work can you win the war with a high probability and increase the winning rate of the transaction.

In history, my favorite dynasty, apart from the Qin Dynasty, which fought for six generations and made great plans to rule the country, is the Ming Dynasty, which did not cede land, pay compensation, marry or pay tribute. The emperor guarded the country and the king died for the country. Why is the Ming Dynasty my second favorite? Because there were too many weird emperors in the middle and late Ming Dynasty.

A famous battle in the Ming Dynasty was the Battle of Beijing, in which Yu Qian and Yu Shaobao extended the life of the Ming Dynasty for two hundred years.

The Battle of Tumu Fort killed the elites of the 200,000 elites of the Ming Dynasty. Only the old, weak and disabled were left to defend the city. There were not even a few war horses. The emperor became someone else's overseas student. Isn't this a bit like the current situation of many cryptocurrency players? The majority of the funds have been lost, and only a small part of the funds are left, and the market is still not determined by themselves.

Let's see what Yu Qian did.

1. Emergency deployment of troops to Beijing for defense. Orders were issued to mobilize troops in the two capitals and Henan, troops in Nanjing and Shandong, and all grain transport troops in Jiangbei. Upon receiving the military order, they immediately set out to defend the capital. Yes, these troops can be understood as reserve forces. The regular army was destroyed. Just like our trading, we may invest some spare money at the beginning, and then lose it all. Either give up this market, or if we don't want to give up, we can only collect the funds we can mobilize and then put them into the battlefield. I have also had this experience. I remember that in 2019, I always had a POS machine next to me. Don't learn from this experience. It's very uncomfortable.

Second, solve the food problem. Food is the first necessity of the people. With so many people in the capital, eating is actually the biggest problem. Although the capital has stored food, it is not in the capital, but in Tongzhou. Yu Qian ordered all the troops coming to the capital to bring their own food from Tongzhou. Suddenly, the food problem was solved. From our trading point of view, food can be understood as two sides. On the one hand, it is the funds that can be operated by ourselves. We may have collected a lot of funds, but these funds are definitely not used for all-in. Instead, we must make reasonable plans for these funds to ensure that when the market certainty opportunity comes, you still have bullets to participate in the war. On the other hand, it is the trading environment. I don’t know if you have any requirements for the environment when opening an order. I personally Even after so many years of trading, the requirements for the trading environment are still very high. The environment here is definitely not the quiet and elegant one, but it is an environment that will not be disturbed by various external factors. I have traded and held a position. Before I have an absolute profit, I will be annoyed if anyone comes to chat with me. If you want to call me, I will put you on the blacklist. There was a friend in the community before who was often bothered by various things at home, so he would be very irritable every time he traded, which made him unable to concentrate on trading. The orders that could have made more money were forced to close their positions in advance. Therefore, everyone should choose the most comfortable environment when trading, and also get rid of any external interference. Don’t be polite to those who disturb you to make money!