Every price fluctuation is intertwined with countless traders' greed and fear. Some say that trading is a financial game; however, I believe it is a contest with one's own nature. The market is never short of stories. The revelry during surges, the panic during crashes, is like an everlasting drama. However, true traders know that there are no permanent winners in the market, only enduring strategies. Technical analysis, fundamental research, market sentiment interpretation—these tools are certainly important, but what matters more is learning to remain calm amidst uncertainty. Greed can blind people into chasing highs; when the market collapses, fear can make people hastily cut losses. This is human nature and the root of losses for most traders. Successful traders do not lack emotions; they know how to manage them. They are cautious of risks in market euphoria and seek opportunities in market despair. Ultimately, it is the cultivation of one's character. Learning to cut losses is to avoid greater losses; learning to take profits is to preserve the final victory. Every trade is a self-reflection: Are you swayed by emotions? Have you followed your own strategy? Have you done proper risk control? For true traders, the only constant is the honing of one's character. Only those who remain clear-headed in the storm can ultimately traverse the cycles. Trading is not just about chasing wealth; it is also a journey of spiritual cultivation. If you are exploring and moving forward in this contest, feel free to give a thumbs up. #BitcoinTrading #CharacterContest #BinanceSquare #Cryptocurrency #TradingPsychology
The most important concept of stable profitability is a consistent strategy.
The majority of retail investors lose money mainly because of randomly changing stop losses, temporary decisions based on news, fluctuating position sizes, and a lack of clear entry and exit rules.
What is a consistent strategy? To consistently follow a logically and rule-based trading plan that has been thoroughly validated for decision-making and operations, never deviating from this system due to emotions, impulses, or external noise. There are several hard requirements for a consistency strategy: 1. Entry conditions, exit conditions 2. Position management 3. Sustainability 4. Backtested historically
Advantages of consistent trading: 1. Provides your strategy with a positive expected value (EV) 2. Offers a measurable basis for improvement 3. Eliminates emotional trading It ensures that your trading behavior is controllable, measurable, and optimized, allowing you to become a long-term winner on the level of probability and statistics. For traders, the first step toward success is often not finding a holy grail strategy, but first learning to consistently execute an ordinary positive expected value strategy. Continuously optimize based on the strategy, and continually improve the strategy's profit-loss ratio and win rate.
Yesterday, it was mentioned that Bitcoin would make a pullback at the 30-minute and 1-hour levels. After last night's drop, Bitcoin reached the support of the 2-day EMA52 (98850). If you haven't bottom-fished with long positions, don't rush to enter. During the day, pay attention to the resistance levels of the 30-minute, 1-hour, 2-hour, and even 3-hour and 4-hour charts to set up short positions if there are pullback conditions. Whether the 2-day line can initiate this rebound depends on the internal maximum effective level of the 8-hour adjustment.
Attention within the day to pressures from 30 minutes to 8 hours (105500), all of which are effective levels of the downtrend segment. If there are conditions for a rebound, participate in the rebound step by step, and after the 30-minute and 1-hour bottoms are formed, take part in the long positions first. If there are conditions for a rebound at a larger scale, exit the long positions and keep the shorts to prevent missing out on a direct V-shaped rebound after an excessive drop.
Today's Bitcoin Market Currently, Bitcoin has a 1-hour divergence. For downward adjustment, look for 2-hour level support at 105100--104700. The 2-hour level has conditions for a rebound, so first consider making a rebound. See if it can break through and stabilize above 106500 to initiate a daily rebound. If the 2-hour level rebound does not have volume or falls below the support of 104700, then reconsider the layout for an 8-hour pullback.
Pay attention to the support at the 1-hour time level within the day, which has conditions for a rebound layout. Observe if the 1-hour rebound can break and hold above 106500 before considering adding positions for a 1-day level rebound. If the 1-hour rebound does not gain volume or falls below the support of 104100, then reconsider laying out short positions.
The market has no absolute certainty, only a game of probabilities. Every trade is an experiment, data is your microscope, and discipline is your moat. Win rates can be calculated, but not guaranteed; risk-reward ratios can be optimized, but not predicted. True traders do not seek perfect decisions, only adhere to probabilistic advantages. In the thousands of repetitions, let the rationality of mathematics illuminate the fog of emotions—because long-term winners are all faithful believers in probabilities.#合约交易 #波段策略
Many friends believe that once they master a skill, they can profit steadily in the market, and then enter the market with their hard-earned money, staying up late, monitoring the market, reviewing trades, and making predictions. They experience a series of psychological feelings such as anxiety, tension, fear, regret, excitement, and despair. When you feel despair countless times, it is also when you are about to leave the market. 1: If technical analysis is so useful, why are more and more traders shifting their focus from analyzing the market to analyzing themselves, that is, analyzing their own trading psychology. 2: Skilled traders do not lose discipline, focus, or confidence because of the inherent risks of trading. 3: Long-term winners have a distinctive trait that sets them apart from others: they have established a unique mindset that allows them to maintain discipline and focus, and most importantly, to keep confidence in adversity. You will not have confidence when faced with continuous uncertainty. The harsh reality of trading is that the outcome of each trade is uncertain; unless you learn to fully accept the possibility of uncertain outcomes, you will consciously or unconsciously avoid what you define as painful possibilities. In this process, you will encounter many costly mistakes of your own making.
BTC Today's Market Using the 4-hour pullback as a reference point for the day, first, follow the trend. Pay attention to the 30-minute and 1-hour charts for conditions to set up short positions. Execute short positions in line with the 4-hour pullback. If the 1-hour time frame pullback does not increase volume or directly breaks above 105300 and holds, then consider long positions as the 4-hour pullback may be ending. The upward resistance is seen at 107200, which is the MA60 position on the 6-hour chart, and also the level where support and resistance switch.
BTC Today's Market The 4-hour pressure has once again been suppressed. To initiate a rebound on the 4-hour chart, we need to see if the 2-hour level can adjust to form a top. If the 2-hour ends the upward segment, we can consider placing short positions. Throughout the day, pay attention to the rebound conditions on the 1-hour and 2-hour charts; if conditions allow, we can plan for a rebound.