Recent insights!
Looking back at the last bull market, I was so stupid. I dared to chase the rise and fall frequently with millions of funds and zero experience. After losing more than half of my money, I started to do contracts, and ended up being liquidated countless times. In the end, I was heavily in debt.
I started this round with a small amount of capital, little by little, and now my assets have increased eightfold. I have a lot of feelings.
To do a good job in trading, you must have a deep understanding of human nature! Human nature is greed, anger, ignorance, seeking profit and avoiding harm, which can be explained in seven words. As long as you are a human, you cannot overcome human nature. The weakness of human nature is reflected vividly in the flow of funds in trading. If you cannot understand or observe the fluctuations of human nature in the flow of funds, you will not be able to achieve success in trading.
Only after a deep understanding of human nature can we feel the warmth and coldness of the market. The market always hovers between overheating and overcooling. Human nature dominates the rapid rise, rapid fall, and continuous consolidation of commodity prices, which is vividly reflected in the rise of BTC from 15,000 to 90,000. Most technical indicators are lagging, useless, or misleading. Observing the heat of the market, the emotional fluctuations of market traders, and long-term trends is the holy grail of trading.
When you hold a commodity contract, leverage amplifies human nature. You can feel the emotional changes brought about by price fluctuations. Seeking profit and avoiding harm is the first reaction. It is a reaction that everyone will have. Everyone will have some kind of trading action idea. Most people will trade based on their first reaction, but this is precisely your grave. Only when you feel and recognize this instinctive reaction of seeking profit and avoiding harm in trading, and stop to think deeply, can you complete the correct transaction.
