(It’s not easy to write, thanks to my friends for liking and forwarding, which is the biggest motivation for Uncle Ai to share)
Hello everyone, I’m Uncle Ai, an old player who is all in web3 (in layman’s terms, I’m a gambler who has been unemployed for many years and specializes in trading)
Transaction review means looking back on your trading behavior after the transaction is completed, summarizing the experience and lessons learned, and identifying the shortcomings in order to avoid making the same mistakes in the next transaction.
There are two purposes of reviewing: 1. After the market closes, stand outside the market and review the transaction again to find the deficiencies in the transaction more objectively. 2. Strengthen the transaction action and ensure that the transaction rules are absolutely executed during the trading time by constantly practicing the correct transaction behavior. Reviewing is one of the essential links in the transaction. Reviewing in conjunction with the trading plan is also one of the ways for a gambler to check for deficiencies and make up for them.
Let's review the logic of entering the long position at 25200 yesterday.
Breaking through the box and retracing to the position of 2.48-2.51, this position is what Uncle Ai often says, breaking through and retracing without breaking, is one of the ways to intervene. What role does reviewing the market play here?
Uncle Ai will review the market in the morning every day to understand yesterday's trend and find today's entry and exit opportunities in yesterday's trend. Just like yesterday's 2.52 long order intervention, it was found in the review. But I didn't place an order, I chose to enter the market when a strong dynamic K was closed in 15 minutes.
Let’s look at SUI again
Sui has repeatedly emphasized that the market can be entered at the 0.5 position, and currently there is a profit of 40 points.
We did not intervene at 0.5. After reviewing the market, we can know that 0.57-0.62 is the entry point for breakthrough and pullback. Then we can intervene here and still realize a profit of 20 points.
The charm of reviewing is just like this. Only by reviewing the market constantly can we find the right entry opportunity. With the support of orders and price behavior on the right side, we can also find the right entry and exit position. If we make an entry plan based on the review, then this order can achieve a return that exceeds our expectations.
The ultimate goal of trading is to make a profit. Trading without price action is like walking on a tightrope and is risky.
Only by controlling risks and grasping the profit and loss ratio can a transaction be considered a qualified one.
(Follow Uncle Ai, and do review and trading plans together. If you have a suitable currency, please leave a message to Uncle Ai to discuss)