Trading does not require too much technical analysis for entry and exit; instead of spending all day studying these techniques, it is better to cultivate your own courage to open positions.

In principle, you can enter long or short positions at any price level.

What matters is how to open large positions in a way that minimizes losses after a misjudgment; this is what should be focused on.

The amount made during a market movement and the amount of drawdown determines the quality of the trade.

The market exists because there are people opening long and short positions at all price levels; both long and short positions exist, which allows prices to exist. Therefore, in principle, you can open long or short positions anywhere.

But why do only 2% of people in the market earn 98% of the profits?

1. Who is losing money in the market?

1. Those who frequently engage in short-term trading are losing money because transaction fees will take the largest share of your profits;

2. Those who trade based on emotions are losing money, acting recklessly without a plan, and arbitrarily opening and closing positions are losing money;

3. Those who do not cut losses after a misjudgment are losing money;

4. Those with excessively large stop losses after entering the market are losing money;

5. Those with too high leverage and who do not stop losses in a timely manner are losing money.

2. Who is making money in the market?

1. Those who dare to open positions;

2. Those who dare to hold profitable positions after opening them are making money;

3. Those who dare to open positions and add to their profitable positions are making money;

The fluctuation range of a market movement is limited, and the size of the position determines the height of profits.

Many analysts or signal providers may analyze things in a convincing manner; in reality, they are either just talkers, or 10U warriors, or using demo accounts, or simply analyzing long and short positions. You should know that any reasonably sane person can provide a convincing analysis of the market, but in the financial market, analysis is the least useful.

Most people's purpose in analyzing is merely to prove themselves right, satisfy their vanity, and even lead you to follow their pace.

You cannot keep up.