Double-building
Regarding the previously tweeted “mirroring positions” (published in ?), several people asked questions, so I will rewrite it here.
(※To those who asked, I have answered individually; some showed concrete examples of mirroring positions, while others were told to cut losses. The following today is“general” opinions and is by no means directed at the questioners, so please understand。)
We have questions even from people who were not former salon members, so although it was content published in the salon, I will publish it again.
(※Revisions and additions have been made.)
?This time the mirroring position I took
In the salon, we often receive questions about mirroring positions. (※The content of the questions will be described later)
This is because in the salon we do not teach mirroring methods, yet we recommend them, right??
Every time I get a question,“I do not recommend it”is my reply, butI often do mirroring positions.
That’s a strange thing, isn’t it? lol
There are advantages to doing it, but of course there are disadvantages as well.
If you mirror, understand everything before doing it.
But this time“You don’t have to do mirroring yet!”is what I want to say.
The main reason isthat if you rashly meddle, you could end up in a state where you can’t do anything and go bankrupt.
Basically, it’s better to be able to win with one-sided trades first.
There are several types of mirroring positions.
・Hedge mirroring
・Profit-taking mirroring
・Cost-down mirroring
・Doten mirroring
But ultimately the market only has“buy” and “sell”, so
even if we say there are types, the meaning is just different; it’s only about whether you will “buy” or “sell.”
What is the meaning of holding the opposite side?That’s all.
The mirroring I did this time is“Doten mirroring”.
Before going into the nuances of mirroring,
『The big premise of mirroring』 must be discussed.
Difference between amateur mirroringandprofessional mirroringwill be explained.
To make it easy, I will include my inner thoughts as well.
⇩ First, the amateur pattern.
Most people who engage in mirroring tend to trade outwardly to theoutsidedirection of mirroring?
If the rate doesn’t move as expected and goes against you?
You ignore shorts as a loss and, without solid basis, enter longs hoping for momentum to make a profit.
In short,a desperate mirroring
this is the typical downfall pattern of mirroring done by those who can’t even win on a single direction..
Amateurs often end up buying high and selling low with fairly high probability?
If you do that with both long and short… yes, it’s the worst(´;ω;`)Ugh…
There is no rescue at this point.
And here I will introduce questions we often get in the salon.
①I got caught in a short. I can’t cut losses now, so I’m thinking of holding a long for now. What do you think?」
②「I got caught by a long at a low price. Since the high price was broken, I did a mirroring long, but the rate has fallen and both are in the red.
What should I do?」
What should I do…?
There are many points to critique, but really this kind of question was common?
① At the very first short, you were only looking at profit, with no risk management or strategy?
② Therefore, when the price moves against you at entry, what do you do? not thinking about it?
③ So you end up holding a desperate opposite position?
④ As a result you’re in a state where you cannot do anything and you rely on others, praying?
There is no rescue at this point.
“Please cut losses” is all I can say?
Nowlook at professional mirroring.
I briefly wrote what I often think about.
Professional mirroringmoves inward. This is“certain”.
From the moment you hold a short, it becomes a hedge mirroring against the long you hold, and part of it becomes a mirroring to secure profits.
And from there it evolves into,the Doten mirroring.
• what is the meaning of entering opposing positions?
• how should you adjust the weight of your positions?
These are important, and furthermore…
Always maintaining a position is very important.Is that right?
And depending on chart waves and price movements, when the scenario becomes unclear, you can take a break and close all positions (the “circle” state) if needed.
How was it?
Between professionals and amateurs, the way of taking positions is completely opposite, isn’t it?“If mirroring is done, but both positions are in the red, it’s hopeless”?
Please remember this.
The hardest part of mirroring ishow to unwind the positions.
If you can’t push one side into profit, it’s wiser not to do it in the first place.
If you can’t move one side to profit, mirroring probably won’t bring profit either.
One thing not to get wrong is thatmirroring is not a desperate method!.
Fundamental money management becomes very complex when considering both long and short.
Also, you must think about scenarios for both sides, making it even more complex.
It’s not simply about doubling your thinking; it’s much more than that, right??
For these reasons…“You don’t have to do mirroring yet!”
This leads to that conclusion, right?
That is all for now.
Thank you for reading until the end. m(_ _"m)
※ I am always grateful for the kind words from you all.
Thank you very much.
The following is paid content, but please note there is no article in the paid portion?
A few people have wanted to show thanks, so I have prepared this.
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