A friend once asked me, "You hardly trade, how do you still make money?" He himself watches the charts obsessively every day, but ends up losing more and more.
Actually, the difference lies in one point: I only look for opportunities in the big cycle; everything else is noise.
I basically ignore fluctuations below the daily chart; at most, I use the 4-hour chart to verify my ideas. The true direction comes from the daily or weekly charts—these two levels determine everything. Small fluctuations? Rather than opportunities, they are traps.
My trading approach is quite straightforward. First, I try a very small position to test the direction. Once the weekly chart confirms that the trend has truly started, I gradually add to my position. I place stop-losses outside key weekly support/resistance levels, so short-term oscillations can't shake me out.
After establishing my position, I might not look at the charts for weeks. Spending a few minutes each day to confirm whether the trend is still there is enough. While others are nervously watching minute-by-minute charts, I read books, exercise, and live normally.
Why can I hold onto my trades? Because I only focus on two things—structure and breakouts. The minute-to-minute fluctuations in profit and loss mean nothing to me. If the structure remains intact, I hold; once it breaks, I close all positions immediately. It’s that simple.
You only need to catch two or three major trends a year, earning 30%-50% per wave. The power of compound interest from this is already terrifying. The market fluctuates every day, but what’s truly lacking is the patience to ignore minor fluctuations.
If you’re tired of frequent entries and exits that only lead to losses, try switching your candlestick chart to the weekly timeframe. Reducing trading frequency can sometimes be the fastest way to get rich. The key is to focus on the big cycle, wait for real signals, and use patience to earn profits—ultimately, the market rewards those who can stay calm.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
15 Likes
Reward
15
5
Repost
Share
Comment
0/400
LayerZeroJunkie
· 01-08 11:52
Well said, that's exactly how I do it.
View OriginalReply0
RetiredMiner
· 01-07 12:00
This wave really hits the point. My biggest feeling is that less watching and fewer trades actually lead to higher returns.
Honestly, frequent monitoring is truly a suicidal trading approach. The ones getting chopped up are these people.
The weekly chart is king; intraday fluctuations are just illusions. Recognizing this saves you years of losing money.
People are easily driven by noise. They feel the need to trade every day to feel a sense of existence, but little do they know, that's just a way to give away money.
I also realized later that holding onto two or three major market moves a year is enough. During other times, just eat and sleep, and that's it.
This mindset is sound, but no one can resist executing it. Watching the market go up and down makes you itchy to trade.
Those who can hold on are the ones making money; frequent traders don't even know how they die. The market is always like this.
Well said, patience is the most valuable weapon. Most people are precisely lacking this.
View OriginalReply0
SolidityStruggler
· 01-05 23:50
That's right, I play the same way, the weekly chart is the real boss.
---
People who watch the market every day should have reflected long ago, really.
---
Breaking the structure is clear, I love this phrase to death.
---
30% to 50% compound interest, two or three waves a year, you can calculate how much you earn with math problems.
---
The key is to be able to endure, most people simply can't.
---
I used to trade frequently, but then I realized I was just paying tuition to the exchange, now I feel much more comfortable.
---
In front of the weekly chart, all technical analysis is nonsense, this is the truth.
---
What's interesting is that the less you watch the market, the more you earn, quite ironic.
---
I just want to know what those who look at the chart ten times a day are doing, really.
---
Being able to stay calm is probably something 99% of people can't do.
View OriginalReply0
LeekCutter
· 01-05 23:49
That's right, I do the same. The weekly chart is the true brother.
---
Those who watch the market every day are really punishing themselves.
---
The key is to have this kind of discipline. Most people simply can't sit still.
---
Weekly chart, ah, weekly chart. So many retail investors have been ruined by minute charts.
---
This idea is brilliant. I'll try to reduce the frequency of my trades.
---
Really, relying on two or three waves of market opportunities each year for compound interest sounds crazy but is actually the most profitable.
---
Compared to my own records of frequently cutting losses, I truly deserve to lose money haha.
---
I need to learn how to set stop-losses at key levels on the weekly chart. Don't let me get shaken out by short-term volatility again.
---
Being patient is the real competitive edge; everything else is just fleeting.
View OriginalReply0
BlockTalk
· 01-05 23:45
This guy's point is valid, but it really tests human nature.
It's easy to say, but in actual operation, seeing your account drop 20%—can you really stay calm? I, for one, can't do it.
A friend once asked me, "You hardly trade, how do you still make money?" He himself watches the charts obsessively every day, but ends up losing more and more.
Actually, the difference lies in one point: I only look for opportunities in the big cycle; everything else is noise.
I basically ignore fluctuations below the daily chart; at most, I use the 4-hour chart to verify my ideas. The true direction comes from the daily or weekly charts—these two levels determine everything. Small fluctuations? Rather than opportunities, they are traps.
My trading approach is quite straightforward. First, I try a very small position to test the direction. Once the weekly chart confirms that the trend has truly started, I gradually add to my position. I place stop-losses outside key weekly support/resistance levels, so short-term oscillations can't shake me out.
After establishing my position, I might not look at the charts for weeks. Spending a few minutes each day to confirm whether the trend is still there is enough. While others are nervously watching minute-by-minute charts, I read books, exercise, and live normally.
Why can I hold onto my trades? Because I only focus on two things—structure and breakouts. The minute-to-minute fluctuations in profit and loss mean nothing to me. If the structure remains intact, I hold; once it breaks, I close all positions immediately. It’s that simple.
You only need to catch two or three major trends a year, earning 30%-50% per wave. The power of compound interest from this is already terrifying. The market fluctuates every day, but what’s truly lacking is the patience to ignore minor fluctuations.
If you’re tired of frequent entries and exits that only lead to losses, try switching your candlestick chart to the weekly timeframe. Reducing trading frequency can sometimes be the fastest way to get rich. The key is to focus on the big cycle, wait for real signals, and use patience to earn profits—ultimately, the market rewards those who can stay calm.