First, determine the overall direction: Bull Market OR Bear Market How to define bull vs bear? If it falls for a week but recovers in three days, it's a bull market. If it rises for a week but crashes in one day, it's a bear market. In a bull market, go long; in a bear market, go short. If it rises too much, go short; if it falls too much, go long. In the dimension of time and space, what determines whether you can profit is not always price, but your mindset!
Trading is extremely simple.
First, determine the overall direction: Bull Market OR Bear Market
How to define bull vs bear?
If it falls for a week but recovers in three days, it's a bull market.
If it rises for a week but crashes in one day, it's a bear market.
In a bull market, go long; in a bear market, go short. If it rises too much, go short; if it falls too much, go long.
In the dimension of time and space, what determines whether you can profit is not always price, but your mindset!