Documentary "My Story with the Market Maker" Episode 5

1. Protect the principal. Made a mistake in buying the wrong order last night. Remember this.
2. Don't be greedy. Making money is simple. I only need to earn a small profit.
3. Never over-leverage, trade with multiple accounts.
4. Do not trade frequently, only focus on a single market.
5. Buy with a light position, sell decisively, and immediately cut losses without delay if the market is not favorable.
6. Money can never be earned completely, but it can be lost entirely. Every mistake reduces the principal. The more the principal is cut, the less there is left. The less there is, the more anxious one becomes to recover losses. This vicious cycle will only lead to total loss.
7. Stop loss is always right, selling high always profits.
8. Which is more stable, short-term or long-term? The answer is to cash out for safety, which is the most stable.
9. The market never changes: what goes to extremes must reverse, contrary to human nature.
10. Do not trade without market movement. Don't regret missing out. Control your hands.
11. Waiting is always better than blindly placing orders.
12. Set profit targets daily based on market conditions. Stop trading once the target is achieved.
13. Profits are given by the market, not because of one's own abilities. Learn to respect the market and follow the trend.
14. Waiting with no positions gives you more than a fifty percent chance; if you don't have empty positions, your winning rate will be below fifty.
15. Strictly implement your trading strategy, integrating knowledge and action.
Summarize yesterday's trading
The result is good. It's just that I originally wanted to help everyone hold the positions and buy ten Ethereums, but ended up buying 10 Bitcoins instead.
The first two orders made a profit of 70,000, and the last order broke even with a commission rebate of 60,000.
It can be considered that the goal has been achieved.
I need to stick sticky notes on the computer in the afternoon.
Content is
Make sure to check the currency before placing an order.