A good trader should have a calm mind, patience, courage and tenacity. Normalcy means balancing your views on ** and money, treating trading as a game and proceeding with a relaxed, carefree mindset. Patience refers to the patience to wait for trading opportunities and open positions, not to rush to make decisions, and to be able to remain calm in the midst of market fluctuations. Courage is manifested in the determination to dare to enter the market and hold positions, not to be knocked down by setbacks, and to move forward bravely. Tenacity, on the other hand, refers to the determination and self-confidence to persevere in repeated defeats and battles, and not to give up easily. A good trader needs to constantly improve his life to adapt to the complex changes in the market.
The ancient wisdom of China has a good expression of following the trend: "The general trend of the world is not the power of man." This sentence tells us that the trend of the market is regular, and we need to take the initiative to adapt to the trend changes in the market. From my nearly 20 years of investment experience, I have gradually realized this and gradually adapted to the development of the market.
When the stock price is in a trend, we should be bearish and not get too hopeful even if it is on the way. Even if it is a leading stock in the early stage, once the **trend is formed, we cannot predict its endpoint**.
Specifically, for those who are in the trend, we should avoid shorting. Because once the trend is established, even if the stock price has some along the way, it is only illusory, and our only option is to be bearish. So, we should be cautious about the trend.
When a ticket completes once in a trend, if it rejects the appearance of a new low and breaks through to the upside again, it means that the bears' power is weakened and the market is temporarily in equilibrium. However, we don't need to rush ** in case it will continue ** after **. We need to wait for more signals and confirmations.
When there is a long-short equilibrium, there are only three possibilities for the stock price to move, namely up, down or sideways. Regardless of the trend, eventually the stock price will move in a clear direction. We need to keep these three possibilities in mind and prepare accordingly.
When the stock price breaks through the resistance level, it means that the bulls have begun to reverse the bearish trend and end the correction state. At this time, a keen operator can enter the market at the moment of the breakout,**
When the stock price is unable to break through the obvious resistance level and cannot break through the resistance, we should consider taking profits. Based on the analysis in the chart, the appropriate deleveraging and exit points can be determined.
In conclusion, a good trader needs to constantly improve his trading skills and mindset. Keep a calm mind in trading, wait patiently for opportunities, have the courage to enter the market, and persevere. Follow the trend and be able to respond flexibly to market changes. At the same time, you need to pay attention to risk management, don't be greedy, and stop losses and profits in time. Everyone's trading experience is different, traders need to find their own trading methods according to their own experience and market conditions, continue to learn and summarize experience, and improve their trading quality.