Trading doesn’t require too much entry and exit technical analysis. Instead of spending all day studying these techniques, it’s better to cultivate the courage to open positions.

In principle, you can go long or short at any position.

The real question is how to open large positions in such a way that, if your judgment is wrong, your losses are still small—that’s what you should really be thinking about.

How much you make in a given market move, and how much you draw down, determines the quality of your trading.

The market exists precisely because there are people going long and short at every position; both sides exist, so the price can exist. So, in principle, you can go long or short anywhere.

But why is it that in the market, only 2% of people make money and 98% lose?

1. Who is actually losing money in the market?
1) People who trade frequently and short-term are losing money, because fees will eat up most of your profits;
2) People who trade on emotion, recklessly and without a plan, opening and closing positions at random, are losing money;
3) People who don’t cut their losses after a wrong judgment are losing money;
4) People whose stop losses are set too wide after entering are losing money;
5) People who use excessive leverage and don’t stop out in time are losing money.

2. Who is actually making money in the market?
1) Those who have the courage to open positions;
2) Those who have the courage to hold profitable positions after opening;
3) Those who have the courage to add more to a winning position and go heavy are making money;
The size of your position determines how much you profit from a given market move.

Many analysts or signal callers sound very convincing in their analysis, but in reality, they’re either just talking, trading with 10U, on a demo account, or simply analyzing long and short. You need to know that anyone with a normal brain can convincingly analyze the market, but in the financial market, analysis is the least useful thing.

Most people analyze just to prove themselves right, to satisfy their vanity, and then try to get you to follow their lead.

You won’t be able to keep up.