Realization after more than a year of trading ๐
As a trader, there is no need to care about the operations of any so-called big shots (especially investors with huge amounts of capital). The mindset of investors and traders is completely different, and their goals are naturally completely different.
Don't use your six or seven-figure capital to learn the operating mindset of those with eleven-figure capital. It's like using the techniques for driving a huge truck to drive your small electric car.
There is no need to excessively care about the ideas of others, because everyone's ideas will have mistakes, without exception.
The market reflects the summarized actual results after all participants have put their ideas into the market with funds, which has indisputable authenticity, this is what traders should pay attention to;
Regarding risk: Many people rely on their feelings, news, or the mouths of certain 'celebrities' to determine risk, but forget the simplest and most effective method of risk avoidance: position size, stop loss, and always holding onto names that remain above key moving averages (such as 20MA, 30MA, 50MA, depending on one's trading cycle), and clearing out names that fall below key moving averages. Here, I have to mention the name of a great young trader: Kristjan.Qullamagie. After he controlled the lower limit of his trading range above 20MA, he never got involved in any real account risk throughout his career, while maintaining an average annual return of 200%+. Simple and effective~
By sticking to the simplest and most effective bottom line, continuously optimizing the strategy through personal trading experience is the most efficient way to achieve long-term trading goals. ๐ด๐ป
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