【Why can they make big money】 Understand in seconds! Today I was watching the trading shares of "Fatty Bitcoin" and "Tony Master." They are both typical trend traders. Today I just took notes on Tony's summary (actually just copied it): The essence of trading: Cut losses when wrong, hold on when right! Small losses, big gains, aim for a high risk-reward ratio. Tony's trading system is very similar to Fatty's, simple, easy to learn, but hard to execute. The steps are as follows: 1. Follow the trend: Find a moving average to confirm the trend, go long above the average, and short below it. 2. Opening rules: Go long at support in an uptrend, and short at resistance in a downtrend. You can also do breakout trades, going long on a breakout above resistance and short on a breakout below support. 3. Opening a position: Start with a small position, follow the major trend against the minor trend, and only open when the risk-reward ratio is high. Cut small losses when wrong, and take big profits when right. The position is generally at the bottom of the trend or at the beginning of the trend. 4. Stop loss: Must cut losses if key points are broken, no room for luck. Anyway, if the price comes back, you can re-enter. 5. Adding positions: Add to winning positions, adding is the core of making big money. After a price increase, add to positions if it retraces without breaking support or breaks previous highs, but always set a stop loss for the added portion. Move the stop loss of the base position to ensure zero risk. If adding fails, automatically stop loss on the added portion and wait for the next opportunity. If adding succeeds, hold on tightly, continue to wait for a retracement to add more, keep moving the stop loss, and keep moving the stop loss. Until the last move is stopped out or a head signal appears to take profit. 6. Take profit: Don't take profits easily, this is the key to making big money. Exiting can be in batches or all at once, preferably all at once to force yourself to find the best head signal. ...