In Futures Trading, the real experts are all "fools".
I have a friend who has been trading cryptocurrencies for three years, and he can draw candlestick charts beautifully. MACD, RSI, Bollinger Bands... the indicators on his screen are piled up thickly. Last year, he focused on ZEC, researching "main force trends" every day, setting an alarm to get up at midnight to guess the peaks and troughs. What was the result? Before the surge, he went short and got liquidated; during the crash, he went long and faced a margin call. After a year of tossing and turning, he filled an entire notebook with technical analysis, but his capital has lost 70%. He suddenly had an epiphany recently and came to me saying, "I realize that I'm not trading; I'm just giving myself advanced math problems!" This sentence woke me up. In the futures trading market, how many people are like him, not losing to the market, but losing to their own incredibly complex "tactics." They have turned a clear game of ups and downs into a psychological battle full of regret and luck. On the contrary, those who can survive and even steadily profit often have strategies that are as simple as a "fool's": 1. Focus only on mainstream coins, avoid obscure brands. Coins with strong market consensus have good liquidity and are less likely to be manipulated. 2. The trend is your friend; do not guess reversals. In an uptrend, look for support levels to go long; in a downtrend, look for resistance levels to go short. Never subjectively predict "this is definitely the top/bottom." 3. Plan your trades, trade your plan. Before entering a trade, decide on your stop-loss and take-profit levels. If you make a mistake, exit calmly with a small loss; if you make the right move, let your profits run as planned. 4. Trade with a light position, light position, still light position! Always operate with the position that you can afford to lose without feeling pain. Regularly withdraw the profit portion and put it into another pocket. Over time, you will find that even if you encounter pitfalls, you only lose profits, which won't harm your principal. Futures Trading is never about who is smarter or who has better skills. It's about who has more respect for the market, who can make fewer mistakes, and who can survive long enough in this cruel forest like a turtle. Simplicity is the ultimate sophistication. Sometimes, by taking a step back and walking out of the complex maze you have built, you will see a clearer sky. $BTC
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In Futures Trading, the real experts are all "fools".
I have a friend who has been trading cryptocurrencies for three years, and he can draw candlestick charts beautifully. MACD, RSI, Bollinger Bands... the indicators on his screen are piled up thickly. Last year, he focused on ZEC, researching "main force trends" every day, setting an alarm to get up at midnight to guess the peaks and troughs. What was the result? Before the surge, he went short and got liquidated; during the crash, he went long and faced a margin call. After a year of tossing and turning, he filled an entire notebook with technical analysis, but his capital has lost 70%.
He suddenly had an epiphany recently and came to me saying, "I realize that I'm not trading; I'm just giving myself advanced math problems!"
This sentence woke me up. In the futures trading market, how many people are like him, not losing to the market, but losing to their own incredibly complex "tactics." They have turned a clear game of ups and downs into a psychological battle full of regret and luck.
On the contrary, those who can survive and even steadily profit often have strategies that are as simple as a "fool's":
1. Focus only on mainstream coins, avoid obscure brands. Coins with strong market consensus have good liquidity and are less likely to be manipulated.
2. The trend is your friend; do not guess reversals. In an uptrend, look for support levels to go long; in a downtrend, look for resistance levels to go short. Never subjectively predict "this is definitely the top/bottom."
3. Plan your trades, trade your plan. Before entering a trade, decide on your stop-loss and take-profit levels. If you make a mistake, exit calmly with a small loss; if you make the right move, let your profits run as planned.
4. Trade with a light position, light position, still light position! Always operate with the position that you can afford to lose without feeling pain. Regularly withdraw the profit portion and put it into another pocket. Over time, you will find that even if you encounter pitfalls, you only lose profits, which won't harm your principal.
Futures Trading is never about who is smarter or who has better skills. It's about who has more respect for the market, who can make fewer mistakes, and who can survive long enough in this cruel forest like a turtle.
Simplicity is the ultimate sophistication. Sometimes, by taking a step back and walking out of the complex maze you have built, you will see a clearer sky. $BTC