Let's not beat around the bush, I'll share my trading experience with you all 😎.
Stage One (Beginner Bonus Period) When I first got into trading, there were no trading systems at all. I simply learned to draw lines and used some commonly used technical indicators to decide when to enter. I had no clue about concepts like stop loss, position size, and risk; I basically just placed orders and closed them based on my gut feeling. It seemed quite silly, but I did manage to make a few trades and the profits were pretty good 👏.
Stage Two Later, I wanted to find a sense of certainty. Why? Because I had missed too many profitable opportunities, I began to feel greedy, and I had also lost quite a bit, so I thought about finding more methods to get my trading success rate as close to 100% as possible. I started to use many indicators, drawing lines, data, and even the emotions in the community as the basis for opening positions. The result was that the factors to consider when opening a position became increasingly numerous, and this information often contradicted each other. Because there were too many references, I didn't even know whether to go long or short, and my execution greatly declined. If the market was trending upwards, I regretted not trusting the MACD golden cross, positive funding rate, and long-short ratio earlier. If it was a downward trend, I regretted not believing the bearish community sentiment and the death cross of moving averages. Once, with more than ten indicators and pieces of information pointing in the same direction, I decisively opened a position, and ended up getting liquidated in the opposite direction 😭. I struggled through this phase for many years.
In stage three, I later understood that too much information was not helpful and only affected my execution and judgment. So I discarded many things I used to refer to, leaving only a set of the simplest, easiest to recognize, and most suitable trading signals and trading cycles for me, making trading much easier to execute. It’s not that I don’t understand those complex signals and information, but I don’t want to understand so much because any signal and information have probabilities; sometimes they are useful, and sometimes they are not. So I no longer switch between different signals; I can accept that my signals have a probability of error. At this point, I finally jumped out of the “signal vortex” 🎉. In fact, the market trends have no rules; sometimes they conform to pattern A, sometimes to indicator B, and sometimes they go to channel C, volume D, and so on. As long as I align with my own signals, I open a position directly. If it stays for a while and then moves away, I follow along. There’s nothing to expect; whether I gain more or less, or lose more or less, the market decides. Don’t have overly high expectations for orders, and don’t be afraid of losses; lack of desire leads to strength. I wish you smooth trading!
