#TradersLeague
I have never believed in the judgment of specific points in trading
In the past, I thought those who drew charts and provided support and resistance levels
were just charlatans
If the market were so easy to predict
then it wouldn't be called a market
These past few days I've been reflecting on my trading system
and found that there are too many limitations
One of them is the grasp of specific points
completely relying on luck
or rather
having no concept of specific points at all
just relying on the perception of volume and price turning points
or the market feeling at that moment
This has serious flaws
and directly leads to the determination of stop-loss and take-profit
entirely dependent on one's state of mind
Today I spent a whole day studying drawing tools
and I feel that the determination of specific points still has some rationale
It's not that a specific point will definitely be reached
but rather that based on these trend lines, one can roughly estimate
that the trend will likely be constrained within a certain range
So, here it is, sharing a research outcome
Around 9 PM tonight
104950
Setting a flag
No explanation
This research has employed all the analytical skills I've learned throughout my life
If it's wrong, we will continue to improve
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