Shenzhen University top student, 2K USDT funding, early investment in Binance life, highest profit 500 WU, now still has over 1 million USDT.
The pattern is really big!
What is the pattern?
Many people are looking for the holy grail of trading everywhere, but the holy grail of trading is actually 24 characters:
Stop loss when wrong, hold when right!
Stop loss when wrong, hold when right!
Stop loss when wrong, hold when right!
Shenzhen University top student with 2K USDT funding, never sold at ten times, never sold at a hundred times, never sold at a thousand times, truly practiced what it means to hold when right.
Holding when right is called having a pattern.
Many regret it, saying the highest profit was in the tens of millions of RMB and didn’t cash out, what a pity.
But have you ever thought about it,
if he had cashed out when he made 500 WU, he might have cashed out long ago at ten times, at a hundred times, at a thousand times, and wouldn’t even have gotten the profit of 500 WU.
Shenzhen University top student used 2K USDT funding to go from 500 WU to 100 WU, practicing what it means to hold when right.
The principles of trading are understood, and even if one doesn’t understand, they know after a glance.
But deeply understanding and turning it into one's own execution ability is very difficult.
The gap between people is execution ability; the difference in each person's execution ability is even greater than the gap between humans and dogs.
Stop loss when wrong, and hold when right, are both very difficult, because humans have loss aversion and the human nature of wanting to secure profits,
when wrong, one always thinks they can bounce back, and then after bouncing back, they run; when right, they quickly want to secure profits, fearing even this small profit will be lost.
Execution ability includes not only the decisiveness of stopping loss when wrong and the patience of holding when right, but also the daily focus on the market, and the courage to open positions,
Recently quite busy, when I noticed Binance life, the market value was already at 10 million, couldn't take the plunge anymore.
But customer service Xiao He, when the market value was over 400K, a friend urged me to buy, was urging me to buy,
I thought for a moment, and felt among the many followers of Chinese memes, this angle was the best:
1. Since there is a Dragon One, then those who missed out will surely create a Dragon Two, and this customer service Xiao He might just be Dragon Two,
2. Customer service Xiao He is like the first sister; the world is a huge Wang Zonghao, the market-making team might operate this Chinese meme based on flattering the leaders.
I thought for 5 minutes, then went out for a meal, didn’t buy... In the end, the highest was 200X,
I saw it again, and someone urged me to buy, plus I also thought about the logic behind it, felt it could be bought, with a great opportunity, why didn’t I still profit?
It’s just because the execution ability of having the courage to open positions is lacking.
Even if I had bought, generally, I would just buy 1 WU, and at most sell at 50X, couldn't even reach 100X or 200X... the execution ability of holding when right is also inadequate.
The holy grail of trading is not those techniques, not those mental methods, but one’s own execution ability.
Integrating trading principles into one’s own experience during trading to enhance one’s execution ability is the core.👊👊👊@GCsheng