A simple sharing of trading insights for the weekend: (A must-read for those who want to grow, improve, and gain.)

Since the establishment of a 21-day growth plan last week, we have welcomed the summary of the first week. Based on the summary, Saoge has made the following summary, hoping to help everyone and elevate trading to a new level!
Reason for loss:
1. An old buddy had a few drinks and started to think the whole world belonged to him. Then he actually went to play with event contracts, and after a while, he lost $1250. This is an irrational move and reflects a gambler's urge to recoup losses, similar to the saying "don't drink and drive." This law has deeply rooted itself in people's minds; apart from a few older generations who still hold onto a sense of luck and think it's okay to drive after a few drinks, young people generally wouldn’t do that! The irrationality lies in not keeping the law of "don't drink and drive" in mind, but rather being tempted by the market. As Saoge has always said, event contracts are not much different from gambling on lottery tickets. Those who understand, understand, and for those who don't, go figure it out yourself!
This refers to losses caused by irrational trading!
2. Non-key support and resistance levels lead to random trades, always unable to control the desire to operate, with no concept of support and resistance. Frequently opening positions at non-support and resistance levels results in no trading actions at actual support and resistance levels, leaving one to watch opportunities slip away!
3. Regarding the fear of self-operation in the early stage and the panic over market trends, several people did not strictly follow the first point of Saoge, which is to adjust the entry point downwards, resulting in missing the first entry point. The more thoroughly one understands position management, the more strictly they will execute the strategy of entering the market in batches. For those who do not yet have a deep understanding of position management, it is easy to operate based on the one-step rule, which emphasizes blocking and speed. In contrast, entering and exiting in batches emphasizes stability and slowness. Nevertheless, this is the essence of finance: slow is fast, and fast is slow. Fast only requires one direct zeroing out, while slow seeks to rise steadily; through steady and methodical efforts, assets gradually increase without one realizing it!
Finally, I want to emphasize once again that yesterday's BTC/ETH strategy is still valid and can be continued today!
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