Remember my words
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Remember my words
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In trading and investing, maintaining financial security and mental health is the key to long-term success.
In trading and investing, maintaining financial security and mental health is the key to long-term success. Here is a brief analysis of these principles:
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1. Only use disposable income, do not trade on margin.
Reason: Margin trading amplifies risks. Once the market fluctuates, losses may be unbearable, even affecting personal or family finances.
Consequence: Losses not only bring economic pressure, but may also lead to psychological panic, resulting in incorrect trading decisions.
Principle:
Only invest "spare cash", even if all losses will not affect the quality of life.
Avoid using leverage or borrowed funds, especially in high uncertainty market environments.
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2. Do not let trading interfere with daily life
Issue: Many traders are overly obsessed with market fluctuations, frequently checking their accounts, affecting work, family, and personal time.
Impact:
Decreased work efficiency, impacting sources of income.
Strained family relationships, life imbalance.
Recommendation:
Develop a trading plan, set entry, take profit, stop-loss points, and reduce meaningless screen time.
Set a fixed trading time to prevent trading from taking up all free time.
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If you cannot sleep well and it affects your health, temporarily exiting the market without any positions.
Issue: Market fluctuations can easily trigger anxiety, especially when losses increase or trends are unclear, leading to insufficient sleep and excessive mental stress.
The Importance of Health: Physical and mental health are essential in trading and investment.
In trading and investing, maintaining financial security and mental health is the key to long-term success. Here is a brief analysis of these principles:
---
1. Only use disposable income, do not trade on margin.
Reason: Margin trading amplifies risks. Once the market fluctuates, losses may be unbearable, even affecting personal or family finances.
Consequence: Losses not only bring economic pressure, but may also lead to psychological panic, resulting in incorrect trading decisions.
Principle:
Only invest "spare cash", even if all losses will not affect the quality of life.
Avoid using leverage or borrowed funds, especially in high uncertainty market environments.
---
2. Do not let trading interfere with daily life
Issue: Many traders are overly obsessed with market fluctuations, frequently checking their accounts, affecting work, family, and personal time.
Impact:
Decreased work efficiency, impacting sources of income.
Strained family relationships, life imbalance.
Recommendation:
Develop a trading plan, set entry, take profit, stop-loss points, and reduce meaningless screen time.
Set a fixed trading time to prevent trading from taking up all free time.
---
If you cannot sleep well and it affects your health, temporarily exiting the market without any positions.
Issue: Market fluctuations can easily trigger anxiety, especially when losses increase or trends are unclear, leading to insufficient sleep and excessive mental stress.
The Importance of Health: Physical and mental health are essential in trading and investment.
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13
Remember my words
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$VITROX (0097.MY)$ Vitrox has been building up at a significant resistance level since October, forming higher lows along the way. Last Friday, it finally breakeout of the resistance level with volume!
Breakout trade is one of my favorite patterns because they offer stronger confirmation. However, there's always the possibility of a failed breakout. The reason I took this trade is that it broke through a SIGNIFICANT resistance level, not just a normal one.
This was a q...
Breakout trade is one of my favorite patterns because they offer stronger confirmation. However, there's always the possibility of a failed breakout. The reason I took this trade is that it broke through a SIGNIFICANT resistance level, not just a normal one.
This was a q...
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Remember my words
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$Bitcoin (BTC.CC)$
Bitcoin broke through the $0.1 million level again yesterday, reaching a historic high of $0.106 million. Starting out nearly worthless 15 years ago, Bitcoin has experienced numerous frenzied surges and astonishing crashes before finally surpassing a market cap of $2 trillion, becoming a super investment tool akin to the "real gold market." However, Bitcoin is often likened to the "Tulip Mania" of the 17th century which led to countless financial ruin. Many Wall Street giants, including Dalio, Dimon, and Buffett, have criticized Bitcoin as a scam or a tool for money laundering. However, the reality has proven that they were completely mistaken. How do they view Bitcoin today? Have they already admitted defeat or do they still believe that Bitcoin will eventually crash?
Regardless of their opinions, Bitcoin remains unstoppable for now. Many analysts believe that Bitcoin has the potential to double to $0.2 million (increasing its market cap to $4 trillion), primarily because of its limited supply capped at 21 million coins. It is also receiving full support and encouragement from the Trump camp, with Eric Trump boldly claiming that Bitcoin could skyrocket 9 times to $1 million. As prices inflate like a bubble, cryptocurrency companies are well-armed, and Wall Street banks and asset management firms are trying to capitalize on this opportunity to make big profits. However, more individual investors choose to avoid what they perceive as a speculative bubble. According to reports from The Wall Street Journal and online sources, here is the evolution of opinions on Bitcoin among some Wall Street giants from the past and present:
Bitcoin broke through the $0.1 million level again yesterday, reaching a historic high of $0.106 million. Starting out nearly worthless 15 years ago, Bitcoin has experienced numerous frenzied surges and astonishing crashes before finally surpassing a market cap of $2 trillion, becoming a super investment tool akin to the "real gold market." However, Bitcoin is often likened to the "Tulip Mania" of the 17th century which led to countless financial ruin. Many Wall Street giants, including Dalio, Dimon, and Buffett, have criticized Bitcoin as a scam or a tool for money laundering. However, the reality has proven that they were completely mistaken. How do they view Bitcoin today? Have they already admitted defeat or do they still believe that Bitcoin will eventually crash?
Regardless of their opinions, Bitcoin remains unstoppable for now. Many analysts believe that Bitcoin has the potential to double to $0.2 million (increasing its market cap to $4 trillion), primarily because of its limited supply capped at 21 million coins. It is also receiving full support and encouragement from the Trump camp, with Eric Trump boldly claiming that Bitcoin could skyrocket 9 times to $1 million. As prices inflate like a bubble, cryptocurrency companies are well-armed, and Wall Street banks and asset management firms are trying to capitalize on this opportunity to make big profits. However, more individual investors choose to avoid what they perceive as a speculative bubble. According to reports from The Wall Street Journal and online sources, here is the evolution of opinions on Bitcoin among some Wall Street giants from the past and present:
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