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Put trading advice at the end, and first give yourself some motivational boost.
My little essays seem to be for everyone, but in fact, they are for myself. Yesterday, the opening position was off, and the added position was unreasonable; I need to reflect on this.
What are the reasons for making profits and losses in yesterday's orders?
The essence is to have a sense of luck, always thinking that it has fallen to the bottom, so I added to my position after a 20-point drop. My original trading rule is to add positions at 40-40-60, so violating the trading system will lead to punishment. It's the same principle as being caught cheating on you
Let's talk about wealth accumulation today.
What is the difference between the poor and the rich, what are the different trading models, and how can one accumulate wealth?
Let's say you have 1 million and make 10 percent per trade, which is 100,000 dollars. That's enough to keep you alive for a long time, as long as you don't mess around. But if you only have 100,000 in your hands and earn 10 percent, you will not be satisfied. When you are not satisfied, you will trade frequently, and if you trade frequently, you will make mistakes. I see that many traders like to eat back and forth, and as long as they make a mistake, they will spit back all the profits of the previous times, and even lose their capital. So I only do small bands in the big trend, which is why people always say why I only do one direction. When you feel that you are making less money, you will continue to look for trading opportunities, and in this process, the biggest reason for losing money is ordinary trading. Because you are poor, you don't have enough time and capital to wait, and you will only end up in a vicious circle of getting poorer and poorer. Just in case you don't read the little essay, I put the wealth password in this position, hahahaha.
Allow yourself to short a thousand pips of Bitcoin. Around 96,500 in Bitcoin, go short Ether. I hung 96500 empty 5% position, the same is true for ether. Continuing from the above, many people in trading have a misunderstanding about making money, thinking that how much they earn every day is treated like a part-time job or going to work. But this will force you to make mistakes from the heart, always feel that you have not completed the task, and force the order, which is also easy to make mistakes. The right thing to do is to be silent and wait for the opportunity, it may be a few days, and the opportunity will appear. Every time you grab a wave of opportunities, you can earn 10 percent. Opt out in a similar position, and don't worry about selling out. After selling, don't regret and look at the market less, it will affect the operation and force you to place a new order, and you will make mistakes. With patience and a good attitude, you will be able to stay calm and reap profits when the opportunity comes. The mean has a cloud gentleman hiding in his body, waiting to move when the time comes. Refuse to trade before the time comes and the trend is not clear, and don't be influenced by other people's orders. Sudden poverty is as difficult to treat as a terminal illness.
I have gone bankrupt and started from zero. Everyone, if you have difficulties, look for other streamers. 😂😂😂