Keep distance from market when holding · LangLang Trading Principle

When holding a base position, staring at the screen all the time is a big taboo; after staring for a long time, your mindset gets chaotic and judgment becomes subjective, leading to random reductions and additions. After setting the stop loss, avoid watching if you can; during consolidation, you should leave the screen.

In LangLang's words

When holding a base position, you must keep a certain distance from the market.
Staring at the screen while holding is a big taboo I've committed.
Once the stop loss is set, don't watch if you can.
Once you hold a position, you become subjective.

How the course teaches it

BIT LangLang · 2024-05-18 — Downgrade a Leader That Fails When It Should Be Strong: High-Level Breakouts, Staged Exits in Ranges, and Screening for Confluence

2024-05-18 · Video 17:55

Discipline of taking profits in batches on range long positions

LangLang pointed out at 00:17:55 that this BTC trade is essentially a trade inside a large-degree range, not a main upward wave, so one cannot overextend the perspective and must exit in batches; any resistance within the range may cause the price to turn completely. He set partial profit-taking at around 66,000, 67,000, and 70,000 respectively; earlier limit orders around 65,800/65,900 were filled, and after seeing the trend strong, approaching 67,000, and not weakening, he canceled the 67,000 take-profit and moved it up to around 70,000.

BIT LangLang · 2024-04-21 — The Full Trading System: Market Seasons, Six Setups Across a Leader's Life Cycle, and Low-Leverage Sizing

2024-04-21 · Video 47:17

Holding expectations for large-level boxes

LangLang uses an altcoin case to explain holding expectations for a large-level box: upper high, lower low, with a false breakout earlier followed by a pullback and rebound. If there is a long wick ahead, it will form resistance along the way, and the price may repeatedly shake and dump; even if strong, it is more likely to slowly oscillate upward rather than rise in one go.

BIT LangLang · 2023-12-30 — Bullish but Not Aggressive at Highs: BTC's Range, ETH's Relative Strength and Low-Leverage Planned Trading

2023-12-30 · Video 21:17

Set alerts instead of watching the market all day

BIT LangLang believes that the market is open 24 hours, but opportunities are not available 24 hours; most of the time one should wait, set alerts at key positions, and observe for one or two hours after triggering; after opening a position and setting take-profit and stop-loss, there is no need to continuously watch the market.

BIT LangLang · 2023-11-25 — Pick the Coin Before the Entry: Comparing Leadership, Structural Maturity and Not-Yet-Launched Setups

2023-11-25 · Video 6:51

EGLD early exit and position discipline

BIT LangLang mentions that after EGLD's box consolidation showed volume, he chased in, originally planning to use a stop-loss below the initiating bullish candle; then he sold early merely because he felt BTC wasn't doing well. The review concludes that there was actually no need to exit, and it should still be managed by being bullish on the higher timeframe and watching for lower-timeframe turning points. This can be summarized as: external market judgments can adjust risk, but should not arbitrarily replace the original plan when the coin's structure has not failed; otherwise, candidate selection, entry, and exit use three different logics.

BIT LangLang · 2023-11-18 — Defining and Using Turning Points: Multi-Timeframe Alignment, Trading the Breakout Structure Rather Than the Breakout Price

2023-11-18 · Video 1:12:49

Base position discipline and mindset correction

LangLang gives several disciplines: after holding a base position, keep distance from the market—he says that in the past, after building a position, he would go out and walk during volatility, but this round he kept watching the chart, which disrupted the rhythm starting from the first reduction in LINK; do not take counter-trend, logic-less trades, which only accelerate the drain of emotion and mental energy; return to precise entry, do fewer high-level breakouts, and buy again at lower pullback stabilization and absorption positions; after state is disturbed, immediately review and correct.

Weekly reviews where it applied

LangLang's Trading Principles · The Rules His Course Keeps Coming Back To