林老说财

Traders should learn to maintain an appropriate distance from the market $BTC

Have you ever found it hard to resist the urge to break your own trading rules while monitoring the market? Or have you been swayed by emotions during your positions, making irrational decisions due to fear and greed, only to feel regret afterward? If you have encountered similar issues in trading, it's likely because you haven't maintained an appropriate distance from the market, leading to over-monitoring and over-trading.

I find that it is often traders with some trading experience who are more prone to over-monitoring and over-trading—these traders usually have accumulated a certain level of market understanding and may have already built their own trading systems. You could say they are on the right path to success, yet they struggle to achieve consistent profitability due to mindset issues. For these traders, I want to say that you need to appropriately create some distance from the market; don't stick to the screen all day, learn to reasonably spend your time, and enrich your personal life. Only in a relatively fulfilling state of life can you avoid feeling uneasy about not making trades throughout the day and can you avoid unnecessary self-blame for individual trading losses. If the tension in your mind is too high, it can actually hinder your trading. Creating an appropriate distance from the market can significantly alleviate various psychological issues that arise during trading.

That said, increasing monitoring time does indeed help improve market understanding. Especially in the early stages of learning to trade, monitoring is one of our main pathways to cognitive growth. However, as our trading strategies mature, our trading mindset gradually becomes the main factor affecting our trading results. At this point, we need to timely adjust our monitoring patterns and learn to maintain an appropriate distance from the market—the right sense of distance may very well become the final piece of the puzzle leading you to stable profitability. $ETH

Let's talk about how full-time traders "hedge" $BNB

Hedging in the eyes of a full-time trader

For traders, hedging is not about fearing risk or avoiding trades, but about avoiding opportunities where the risk and reward are severely mismatched.
In simple terms, it's about doing the math: when "risk probability × potential loss" > potential gain, this trade has a negative expected value, and hedging should be done; conversely, if the gain is greater than the cost of risk, it's worth entering the market.
The same goes for life: street food is delicious, but if it just causes a stomach ache, it's acceptable; once hospitalization is a possibility, the risk is simply not worth it.
Many people in trading have an imbalance of risk:

Entering with high risk (bottom fishing, chasing highs), but running away with just a small profit
Not setting stop losses, which magnifies risk infinitely

True hedging is about rationally assessing risk probability, consequences, and rewards, only engaging in profitable trades. $ETH

Do not trade based on "feelings"

Many beginners often say, "I feel it will drop" or "I feel it has peaked," but feelings are the most unreliable aspect of trading and can easily lead you into traps; this is also the most common mistake for beginners.

The correct analytical approach must be based on evidence: first identify market facts, such as reaching resistance levels, not making new highs, or needing to take profits, and then draw conclusions comprehensively, rather than relying on gut instinct.

Many people confuse "market feel" with "feelings," but they are completely different. Market feel refers to the ability to quickly identify opportunities that meet the criteria after mastering one's trading strategy, skipping tedious analysis; at its core, it is still executing based on strategy, not randomly acting on feelings.

Trading is an extremely rational activity. Give up feelings, study market logic, and build your own strategy to truly get started. $ETH

How Professional Traders Execute Risk Management$BNB

Professional traders typically set a stop-loss for a single trade at only 1% of the total account funds, which is an industry-standard.

Strictly controlling the 1% stop-loss is mainly for two reasons:

Capital Tolerance: To avoid significant losses in a short time;
Psychological Tolerance: Keeping the account fluctuations small prevents impulsive aggressive trading due to losses, maintaining a stable mindset.

Actual operating process:

First, determine the logical stop-loss price based on key market support/resistance levels;
Then, calculate the position size by reversing “single loss not exceeding 1%”;
Maintain a dynamic balance among key price levels, account risk, and position size.

Risk management is not difficult, but it is crucial, comparable to the heart of a trader. Developing risk control habits is the first step toward stable profits.$BTC

Many traders, after incurring losses, want to recover immediately, but the more anxious they are, the more they lose, even wiping out months of profits in a few days. This is the most fatal trading mindset. $XRP

This mindset mainly comes from two points: first, an unwillingness to endure the pain of loss, and second, a desire to quickly prove oneself and regain self-esteem. In this state, people will force trades, ignore details, experience a sharp drop in win rates, and fall into a vicious cycle of 'loss → impatience → reckless actions → more losses'.
The solution is quite simple:

Accepting losses as a norm; the market has no 'holy grail', do not be emotional about a single trade, only look at the total results at the end of the month. $BNB
Control the risk of a single trade; a classic ratio is to not exceed 2% of the principal in a single loss, which will stabilize the mindset significantly.
Use weekends for review and reflection, treat each week as a fresh start, and do not be dragged down by the previous week.
Focus less on account balance and more on the market itself, doing what needs to be done in the moment.

Truly skilled traders focus on performance after losses. Adversity reveals strength, and I hope everyone can overcome this hurdle of loss and go further on their trading journey. #美国4月CPI数据回落 #特朗普15%全球关税将于本周生效 $BTC

How traders can effectively and scientifically set stop losses $$XRP

Should automatic stop losses be set?
For short-term trading, automatic stop losses must be set. During market fluctuations, people can easily be swayed by emotions and fail to strictly execute their plans; automatic stop losses can eliminate psychological issues, prevent rapid market reactions or missing stop losses when away from the computer, and help cultivate good trading habits.

Where to place the stop loss line?
There is no unified standard for stop losses, but the core logic is consistent: when the basis of the trading strategy fails, it is the stop loss point. For example, in trend trading, if the pullback is too deep or volume breaks, the trend logic is destroyed, which triggers the stop loss, usually in conjunction with support levels and overall market judgment.

How to set the stop loss amount? $BNB
Setting a stop loss based on a fixed loss amount is incorrect. First, set the stop loss price according to market logic, and then control the stop loss amount by adjusting the position size. Focus on two points:

Account tolerance rate: a single loss cannot be too large to avoid irreversible damage;
Psychological tolerance rate: a single loss should not affect subsequent trades. Stop losses not only protect funds but also protect trading psychology. $ETH

Stop losses are a necessary lesson for beginners in trading, yet they are often overlooked by those eager to profit. In the future, I will share more content related to stop losses, hoping everyone can face losses with calm decisiveness and a clear conscience. #美国4月CPI数据回落 #特朗普15%全球关税将于本周生效

How novice traders find their own trading patterns $XRP

I previously mentioned that the first step for professional traders is to build their own trading strategy. Many beginners ask me how to start from scratch, so today I will share my experiences.

First, it's important to clarify: every trade must be based on a strategy and meet fixed conditions before opening a position; it should never rely on feelings or guesses.

The first step for beginners is to choose a suitable cycle based on their time and personality: 3 minutes, 15 minutes, 1 hour, 4 hours, etc. The gameplay varies completely with different cycles. $BNB

Next is the core: building a strategy. It is recommended to start with classic models, such as the turtle trading rules, 20MA support, support and resistance trading, etc. Select one to deeply understand and don’t switch back and forth. You can also learn from real traders to avoid many detours, steering clear of “mentors” who only sell courses without real trading experience.

Once familiar with the model, conduct extensive backtesting with historical data, optimize conditions, filter key elements, adjust win rates and profit-loss ratios, and improve the expected value of the strategy. Meanwhile, continuously adapt in live trading to overcome issues such as mindset and position management, which is a necessary path for growth.

One last important point: both backtesting and live trading should have screenshots kept for future review and summary, allowing for continuous improvement. $BTC
#美国4月CPI数据回落 #特朗普15%全球关税将于本周生效

The Shortcut to Trader Self-Improvement $XRP

On Sunday at Starbucks on the streets of Tokyo, while reviewing March trades, I remembered a fan asking me how to review trades. Today, I want to have a good chat with everyone about this compulsory course for traders.

Reviewing trades, also known as backtesting, simply means using past market data to simulate past trades, record results, and the core function is to test trading strategies, correct and optimize them. It can also help accumulate experience and accelerate growth without risking principal. $ETH

Some people feel that reviewing trades is useless, believing that just because one could make money in the past does not guarantee success in the future. This statement has some truth; the results of reviews often differ from real trading. However, this does not negate its value. Reviewing trades not only optimizes strategies but also cultivates the habit of rational thinking, teaching us to view trading through the lens of probability and expected value, helping to avoid the collapse of mindset in real trading. For beginners, the fast pace of reviewing trades can quickly expose and familiarize us with basic errors, making it easier to avoid them in the slower pace of real trading, thereby enhancing trading skills comprehensively.

In fact, reviewing trades is like athletes' off-field simulation training. No one can guarantee that training and actual combat are completely aligned, but diligent reviewing certainly increases our chances of success in real trading. $BTC
#美国4月CPI数据回落 #特朗普15%全球关税将于本周生效

Is it better for traders to have more screens? $XRP

In trading circles, there is often a joke: “The more screens, the more you lose” or “Bad students have more stationery.” Every time I show my trading environment, someone says this. Today, let’s seriously discuss: what do traders really need multiple screens for? Is more screens really better?

The function of multiple screens is actually very simple: to obtain more information at the same time. Watching the correlation of multiple related varieties on one side while comparing different time frames of the same variety on the other, judging the impact of major cycle resistance on short-term trading. All of these require viewing multiple markets simultaneously, which can significantly enhance trading efficiency and judgment quality.
However, trading does not necessarily require multiple screens. I can manage with just one MacBook and an additional screen in a coffee shop; it just requires frequent page switching, which can be a bit cumbersome. If you are diligent, a single screen is completely sufficient. Multiple screens are just a way to save time and reduce hassle. $ETH

As for the saying “the more screens, the more you lose,” it is not entirely without reason. Many people pile on screens just to look cool and professional, with a restless mindset that does not focus on trading, making it naturally difficult to make money. This also leads outsiders to misunderstand traders.

Real traders never rely on equipment to make a show; they only care about practicality. Trading does not need to be concerned with appearances or impressions; finding what works for you and doing trading well is more important than anything else. $BTC
#美国4月CPI数据回落 #特朗普15%全球关税将于本周生效

What is the essence of technical analysis $XRP

Almost all traders use technical analysis, and each has their own methods, but many do not truly understand its core. Many people think that technical analysis is just about looking at candlesticks and finding patterns; in fact, these are just tools, not the essence.

Market fluctuations are not determined by the shape of candlesticks; the root of price volatility is the changing forces of supply and demand between buyers and sellers.

Candlesticks and patterns are merely tools we use to observe the tug-of-war between bulls and bears.

The real core of technical analysis is to understand the underlying capital emotions and supply-demand relationships through charts, thereby deducing future trends. $BTC

For example: when we see someone with scars on their face, we judge that they have experienced conflict, rather than thinking that “having scars means they must be a bad person.” Candlesticks are like those scars,

they are just the surface; the story behind the scars corresponds to the forces of bulls and bears in the market. We are bullish because we see from the trend that buyers are stronger than sellers, not because of how the candlesticks look.

A few years ago, a friend said: “I don’t believe that drawing a few lines can make money.” Indeed, drawing lines itself does not make money; what truly allows you to stand in the market is understanding the logic behind the lines. $ETH
#美国4月CPI数据回落 #特朗普15%全球关税将于本周生效

Traders who continuously incur losses often share a common flaw: they love to catch the bottom and gamble on reversals. $ETH

Recently, the Nikkei has been hitting new highs, and many around me are shorting against the trend, resulting in a complete mess.

In fact, catching the bottom is extremely difficult and is only suitable for seasoned traders, yet it is highly sought after by novices.

Many people catch the bottom without any logic, simply holding onto the mindset of “picking up bargains,” which is very dangerous in the market.

Novices are not suited for catching the bottom for a simple reason: once a trend is established, it is hard to reverse quickly. There are always cautious funds waiting to enter during a pullback, pulling prices back to the original trend.
$XRP
Inexperienced individuals cannot discern whether the strength has been exhausted, and most end up catching it halfway up. Additionally, the risks of catching the bottom are immense; even if done correctly, novices cannot hold onto profits and are eager to exit at the slightest gain, bearing high risks without corresponding returns, which will only lead to stable losses in the long run.

In trading, judging the continuation of a trend is far simpler than judging a trend reversal. Most people prefer to gamble on reversals, which is merely a weakness of human nature, while trading is essentially a battle against human nature.

Lastly, here's a gem for everyone: in the market, the opposite of rising is not falling, but not rising; the opposite of falling is not rising, but not falling. To understand the trend, take a good look at this statement. $BTC
#美国4月CPI数据回落 #特朗普15%全球关税将于本周生效

How to manage the mindset problems encountered in trading $ETH

There is a common phenomenon in trading: many people can steadily profit in simulated accounts, but once they go live, they incur losses, and the more they focus, the lower their win rate becomes. The root cause is actually the trading mindset. The market itself is counterintuitive; quality strategy entry points often contradict intuition. Once emotions take over, losses become hard to control, and mindset is an unavoidable hurdle on the trading path. Let's discuss my methods for dealing with mindset issues.

Handling mindset mainly consists of two layers: first, not letting mindset affect trading, and second, reducing mindset issues from the source.

In the early stages, it’s difficult to completely eliminate emotions, so first, aim to avoid being disturbed by emotions during operations. Set a fixed risk-reward ratio, establish take-profit and stop-loss orders upon entry, and do not change them arbitrarily afterward; while holding positions, you can shift your focus and leave the results to probability. When emotions fluctuate significantly, take a break and step away from trading; return when you feel calm again. $ETH

At a deeper level, reducing mindset issues from the source, the most effective method is to lower your position size. The smaller the position, the lighter the attachment to capital, and the mindset becomes closer to the calmness of a simulated account, naturally improving the win rate. Once the strategy is mastered, gradually increase the position size in small increments, allowing enough time to adapt; if the pressure is too high, revert to adjust.

Cultivating mindset takes more time than developing strategies, so do not rush for results. Many people treat strategy as the main line and mindset as the secondary line, but I believe both are equally important; they are both at the core of trading. Mindset is often the most fatal shortcoming; stabilizing your mindset means that trading can be considered a real entry point. $BNB
#BTC行情 #美国4月CPI数据回落

Tonight at 10:00 PM! Key U.S. data is coming, BTC/gold will face changes! $ETH

Tonight at 10:00 PM, the U.S. will release key data such as the University of Michigan Consumer Sentiment and inflation expectations:

• Consumer sentiment expectations have weakened, inflation expectations have been significantly raised.

• The data may directly affect the Fed's interest rate cut expectations, stirring the cryptocurrency and gold markets $DOGE

• The short-term volatility pattern may be broken, so be sure to manage risks and strategically position yourself!

Old Lin has already set up the game, whether you follow or not depends on you! Opportunities wait for no one! $BTC

Old Lin's strategy for huge profits is about to be prepared? $DOGE

Brothers and sisters who haven't boarded yet really need to hurry up!

Time and opportunity won't wait for anyone! $SOL

Brothers who are still expanding their positions or adding to their positions, hurry to find Old Cai! This wave of huge profits is expected to yield: 5 to 8 times yo! $BTC

Also, some brothers and sisters with small positions can follow Old Lin's operations to earn a little extra for meals; that's still possible! #美国暂缓攻击伊朗发电站 #特朗普缓和局势

Hurry up and get on the bus! Brothers and sisters, this time the lucrative strategy won't wait for anyone! $DOGE

For those who haven't gotten on yet, hurry up! There's still time now!

If there's room for operation, quickly follow the old wealth, $BTC

Or for those who have liquidated, quickly replenish and expand your position now!

For those with a small position, follow the old wealth, and you can still earn some late-night money! $ETH

Come come come!!! Take a look

Old Lin has a highly profitable order here! It depends on whether you want to follow it!$

If you have room for operation, come find me! This highly profitable strategy order is expected to yield around 5 to 8 times $XRP

And for those brothers and sisters who have lost a lot before, hurry up and come to expand positions and make up for losses! $DOGE

Recently, the market has been very bad, causing many brothers and sisters to suffer huge losses!

This time is to give benefits to the brothers and sisters who have lost! Take this opportunity yourself!

Those who have room for operation, brothers and sisters who are now preparing to expand positions and make up for losses, hurry up and come! $ETH

And those with small positions can also come and follow the operations! Make some money for a late-night snack! $SOL
#美国4月CPI数据回落 #Trump's 15% global tariffs will take effect this week.

How should traders learn $ETH

In recent notes, a fan asked me how traders should learn, so today I want to discuss this topic—how traders should learn market theory and what they should pay attention to during the learning process.

Combining theoretical learning with trading practice
For new traders entering the market, most do not have the ability to independently build trading strategies. For them, the most straightforward and efficient way to learn is from a mentor, adopting a set of tools for understanding the market from others. Compared to learning through books, I recommend following a mentor. This is because market candlesticks have certain abstract properties; they are not as clear-cut as accounting or IT knowledge. Therefore, flexible verbal explanations are essential for the learner. While learning theoretical knowledge from a mentor, we also need to continuously verify and absorb the market theories we learn through practical experience. It is only after personally experiencing the market that knowledge becomes truly ours.

The depth of knowledge is more important than its breadth $BNB
Many people, during the learning process of trading, like to learn a little here and a little there, constantly encountering new things every day—this is actually a wrong learning method. The process of learning trading is like searching for a way out in a forest; we can only find the quickest exit if we move steadily in a fixed direction. If we walk east for a while and then west for a while, it will only lead us to wander in place, never able to leave the forest. In this internet age, we can easily find various types of trading knowledge online, but not all knowledge will benefit our own trading. We should seek a specialization direction and delve deeper into research. The depth of knowledge is more important than the breadth of knowledge.

I want to remind everyone that a trader's learning is a spiraling, extremely long process, and it is by no means something that can be accomplished in one go. I hope everyone can calm down, be patient, and steadily move forward step by step. Slowing down can sometimes be the fastest path to success! $BTC
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How beginners can build their own trading rules $BNB

Trading strategies, trading systems, trading methods—these are all frequently used terms in the trading industry. The names people use for trading rules are numerous, and the different terms can reflect slight differences in understanding among traders. However, the essence remains that to maintain a long-term competitive edge in the market, we need a complete set of trading rules to support our trading, rather than relying on our feelings to buy and sell in the market. So how should we construct what we call trading rules? Here, I would like to share my thoughts with you.

Checklist-type trading rules
In the early stages of learning to trade, checklist-type trading rules are the easiest to understand and the least likely to cause confusion—a condition checklist, as the name implies, is to write down the market conditions that need to be met for opening trades one by one on paper, listing a clear checklist. Whenever the market meets one of the conditions, we draw a checkmark next to that condition, and once all items on the checklist are marked, we can execute the trade. Of course, most of the time, this step of checking the checklist is done in our minds. This is the simplest model for constructing trading rules. $BTC

In the end, no matter what kind of trading rules you adopt, remember that only when the rules are executed correctly can they play their proper role. The trader is both the maker of the rules and the executor of the rules—traders like us are the core of the trading system. There is no perfect trading system in the world, only the trading system that best suits oneself. I wish everyone can quickly build their own trading rules! Cheers☕️! $ETH #币圈暴富 #特朗普15%全球关税将于本周生效