The key to winning even for beginners and novices

Without further ado, let me share a few examples from my own past.

Phase One (Beginner's Benefit Period)

When I first started trading, I had no trading system at all, just a basic understanding of drawing lines and using some popular technical indicators as entry signals.

I had no concept of stop-loss, position sizing, or risk management; I basically placed orders and closed positions blindly. Although it was mindless, I did make a few profitable trades, and the profits were quite substantial.

Phase Two

I started looking for certainty because I had sold too many times in a panic, which led to greed in my mindset. I also experienced many losses, so I wanted to find more methods to make my trades approach 100% accuracy.

I began incorporating numerous indicators, drawing lines, analyzing data, and even community sentiment as basis for opening positions.

As a result, the factors I needed to consider at entry became increasingly numerous because the amount of information included was too much, and these pieces of information often conflicted with each other.

Due to including too much data and information, I couldn’t even tell whether I should go long or short, greatly reducing my execution ability.

Suppose the market trends upward, I would regret not trusting the MACD golden cross, the positive funding rate, and the long-short ratio.

If the market trends downward, I would regret not trusting the bearish community sentiment, the moving average death cross, or what certain people said about the bearish trend.

Once, I finally waited for a moment when over a dozen of my indicators and pieces of information all pointed in the same direction, I decisively opened a position, only to be immediately liquidated in the opposite direction.

This way, I tormented myself and sought self-redemption, going back and forth for many years.

Phase Three

Simplify the complex. I realized that too much information wouldn’t help me; it would only affect my execution and judgment. So I removed many of the previous reference data, leaving only a simple, easy-to-identify set of signals that suited my trading style and cycle, making trading much easier to execute.

It’s not that I don’t understand, but I don’t want to understand so much, because every signal and piece of information has its own probability. That’s why sometimes it’s useful, sometimes it’s not.

So I no longer change signals because I can accept the error probability of my signals.

At this point, I finally broke out of the “signal loop.”
Actually:

The trading market is a movement without a规律 (规律 means pattern or regularity). Sometimes it moves to shape A, sometimes to indicator B, sometimes to channel C, sometimes to volume D, and so on. As long as it reaches its own signal, I open a position directly. If it stays there for a while and then moves away, I move as well. There’s no need to expect how much I will earn or lose; what it says goes.

Desirelessness makes one strong. Don’t hold expectations or fears about orders. Only then can you better adjust your mindset and face any opportunities that arise.