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What exactly are the benefits for partners in two-way trading?
Is it a unilateral surge, a sharp drop, or is it fluctuating within a range?
Last night at 10 PM, the market suddenly surged, with Bitcoin skyrocketing over 1100 points in just one minute, and Ethereum surging by 98 points! Moreover, the bullish trend continued afterwards!
What does this mean?
This means that the market has been awakened by this explosive surge, initiating a new trend!
Secondly, the range resistance of the volatile market is constantly being broken, and the one-sided momentum is unstoppable!
Therefore, once the market trend changes and is repeatedly confirmed, please be sure to follow the trend! Do not act based on your own subjective thoughts:
"It has risen so much, it's time to short."
This is the most tenacious statement I've encountered in years of live broadcast sharing!
There are always people in this situation who bravely go against the odds, and are extremely resolute, unable to tolerate even the slightest dissent! Therefore, those who advise against it are dismissed with disdain!
This is the limitation of cognition!
In addition, let's review the iron rules of the studio from back then: 1. Light positions, 2. Stop loss.
During this period, some laugh that this is a self-imposed shackle, some laugh that this is a coward's self-persuasion, while others do not oppose or ridicule, but consistently implement and carry it out with every order executed!
Yes, to err is human.
If you've made a mistake, admit it! Acknowledge your mistakes to the market! And pay the price for the errors made... Cut your losses! Therefore, cutting losses is part of trading! Please view the act of cutting losses correctly!
As for light positions, in actual operations, everyone tends to take a "test position" when doing margin trading, and then gradually add to the position until the final position is established!
Although it's troublesome, it aligns with objective laws. Acting according to these laws, isn't this the starting point for every trader's journey to attain true knowledge?
Trading is not anyone's "playground", nor is it a place where anyone can act capriciously! "I think, I believe, I feel" and such phrases should gradually be removed from our mindset after each "education" from the market!
Trading is a practice, and practice requires the true teachings!
Discover the rules, understand the rules, comprehend the rules, abide by the rules, respect the rules, and operate according to the rules! This is the most challenging part of every trader's growth journey!
How have you been affected by the ever-changing dynamics of the market? Feel free to leave a message and let's chat.