Have you ever experienced such a state, feeling that you can never grasp the direction of the market?
After opening a long order, you are not stopping profit, but the market quickly turns downward. You feel very anxious when you see the profit being taken back.
Hastily close long positions or even stop losses, thinking that the market has chosen a downward direction
I opened a short position, but the market went up again not long after. I regretted not holding on to the long position.
Stop loss again and open a higher leverage to go long, hoping to make back all the losses
As a result, the market turns downward again, as if the dealer is eyeing your wallet, but this time you decide not to stop loss, you think the market is just a short-term downward wash
In the end, you keep carrying orders until your account is liquidated.
Does the dealer really operate according to your trading records?
.
.
.
If you are in such a state of repeated cutting until your mentality explodes, and want to know why
Then congratulations
This article will give you the answer
Every time I open an order, I will go through the following five steps:
1. Analyze the overall market trend
2. Decide on a trading strategy (long/short)
3. Find N trading products
4. Look for opportunities to open orders
5. Hold the order to the target level and take profit/stop loss
Once you decide on a trading idea, as long as the idea does not change, the rest of the time is just to repeat steps 3-5
Still don’t understand? Don’t worry, I will use the recent market as an example
From March 24 to March 31, BTC has been fluctuating in a small range between 69,000 and 71,000. At this time, the market is in a chaotic state, and any operation is wrong (whether long or short).
It was not until April 1 that BTC gave us direction and opportunity for the first time.
At this point we quickly completed the analysis of market trends and decided on the trading ideas
———Confirm the downward trend and short at highs
Since the market was in a sluggish state before the breakout in the previous few days, it is particularly easy to choose to short the product when it breaks out.
Almost every member correctly chose to short sell, because there were many opportunities to open orders and many varieties suitable for short selling. This was the first transaction, and it also gave an expectation of a rebound in the next few days on the second day after the plunge, paving the way for subsequent transactions.
The market rebounded as expected at midnight yesterday in China time (it was morning here in North America time) and provided another trading opportunity.
BTC rebounded to a high of 69,100. According to our previously established trading ideas, as long as BTC does not rise above the opening price of the breakout line of 69,400, all the increases can only be regarded as the repair of the inverted duckbill at the daily level. The subsequent market also proved my view. This is another successful transaction.
(The three-in-one screenshots exported by the software will be a little blurry, please forgive me)
So how can we avoid emotional trading and repeated losses?
The answer is obvious: Trading ideas > Trading orders
If you don't have a correct trading idea, any rise or fall will bring you panic. When we determine the idea of short selling, any rebound is an opportunity for us to short sell. At this time, when I see the rise, I no longer see panic but opportunity.
So the question is, how to analyze the market? How to determine the trading strategy?
This requires relying on technical analysis and mastering the ability to analyze the market independently.
We have been experimenting with the Trading Hall teaching model in the member group for a month, and finally decided to open all the core courses to everyone for free. The core courses will be made into videos one after another (making videos will take some time)
In other words, if you have good comprehension and talent, you can analyze the market on your own by just watching the free courses.
My timely daily market analysis will only be shared in the member group
Please note that Trading Hall is just getting started and we need some time to develop the course.
Welcome to communicate with me