First transaction
Date: February 15, 2019 ~ June 27, 2019 Fundamentals: LTC halving, exchange IEO
Speculation on the operation method: Go long on the entire position at 15~20 times, and increase the position with floating profit.
Each stroke explains a knowledge point: the whole process is more than 15-20 times, not just one
Instead of directly buying 5000u15 times more, first take 500 US dollars,
Bitcoin opened more than 20 times at $5,000, and then the price rose.
500 US dollars, instead of closing the position, and then continue to increase it.
In the BitKing trading system, a 30% fluctuation is expected to occur.
Therefore, the profit and loss ratio of Bit King will be very high. This is the reverse of Bit King.
One of the fundamental reasons for daily profits.
However, many people easily fall into the trap in practice, taking profits when they are in the black, and holding on stubbornly when they are in the red, and even knowing this is wrong, but cannot control it. This is the weakness of human nature; greed and fear need to be controlled through capital management.
Profit data: In a one-sided bullish market, Bitcoin rose from $4000 to
$12,000 (approximately), price increase 200%, at this time capital accumulated return rate
4285%, cumulative profit amount $214,277;
The second trade
Date: June 27, 2019 ~ December 18, 2019 Fundamentals: None
Government document strictly prohibiting speculation
Trading method: Trend trading method, constantly in a volatile market
Stop Loss
Profit data: In a wide range volatile market, Bitcoin fell from $12000 to
$7000 (approximately), price decrease -42%, this time capital return
Rate -44%, Profit amount -$96,427. At this time, the capital accumulated profit
Rate 2357%, Cumulative profit amount $117,850;
Interpretation of Bit King’s trading idea:
Compared to shorting, Bit King prefers to go long. No intraday short trading,
Do not trade in volatile markets, nor accumulate coins foolishly.
In a volatile market, still adhere to the trend strategy, and strictly stop loss, patiently
Waiting for the trend to come.
If the direction is wrong, never hold the position, making mistakes is not scary, losing everything is the scariest.
The third trade
Date: January 2, 2020 ~ February 13, 2020 Fundamentals: Halving expectation speculation
Trading method: Full position around 5x long, floating profit adding position, adding other reductions
Half coin position
Profit data: In a one-sided bullish market, BTC rose from $7000 to
$10,000 (approximately), price increase 45%, this time capital return rate
491%, profit amount $605,486. At this time, capital accumulated return rate
12044%, cumulative profit amount $723,336;
Rolling position operation: Take a part of the profit, close it, and then use the profit as
Principal continues to expand profits.
The fourth trade
Date: February 14, 2020 ~ March 13, 2020
Fundamentals: Global pandemic, continuous circuit breaker in the US, bi-circle 312 operation
Method speculation:
Full position around 1x short, floating profit adding position profit data:
In a one-sided bearish market, BTC fell from $10,000 to $5000 (approximately), price decrease
Decrease -50%, this time capital return rate 49%, profit amount $357,595
At this time, capital accumulated return rate 17194%, cumulative profit amount
$1,080,931;
Be more cautious when shorting, lower multiples
The fifth trade
Date: March 13, 2020 ~ May 9, 2020 Fundamentals: BTC halving bull market expectation
Trading method: Due to incorrect trend judgment, all the way lightly short or trapped
Due to strict stop loss, and the spot price increase compensates for part of the loss,
Slight Pullback
Profit data: In a one-sided bullish market, BTC rose from $5000 to
$10,000 (approximately), price increase 100%, this time capital profit
Rate -8%, profit amount -$82,839. At this time, capital accumulated return rate
17337%, cumulative profit amount $998,092;
The sixth trade
Date: May 10, 2020 ~ July 19, 2020 Fundamentals: None
Trading method: Trend trading method, constantly
Stop Loss
Profit data: In a narrow range volatile market, BTC fell from $10000 to
$9100 (approximately), price decrease -9%, this time capital return rate -9%,
Loss amount -$94,755. At this time, capital accumulated return rate 15524%,
Cumulative profit amount $903,337;
The seventh trade
Date: July 20, 2020 ~ August 17, 2020 Fundamentals: Institutional entry, Grayscale unlock
Trading method: Full position around 2x long, floating profit adding position profit data:
In a one-sided bullish market, BTC rose from $9100 to $12400 (approximately), price increase
36%, this time capital return rate 113%, profit amount $1,021,675
At this time, capital accumulated return rate 35335%, cumulative profit amount
$1,925,012;
The eighth trade
Date: August 18, 2020 ~ September 9, 2020 Fundamentals: None
Trading method: Shorting with full position around 1x, profit data not added: single
In a declining market, BTC fell from $12000 to $10000 (approximately), price decrease
Decrease -17%, this time capital return rate 16%, profit amount $303,575
At this time, capital accumulated return rate 40941%, cumulative profit amount
$2,228,587;
The ninth trade
Date: October 8, 2020 ~ April 14, 2021 Fundamentals: Bull market after BTC halving
Trading method: Full position around 1x long, floating profit adding position profit data:
In a one-sided bullish market, BTC rose from $11,000 to $63,000 (approximately), price increase
Increase 473%, this time capital return rate 379%, profit amount $8,473,340
USD. At this time, capital accumulated return rate 203672%, cumulative profit amount
$10,701,927;
The tenth trade
Date: July 20, 2021 ~ November 10, 2021 Fundamentals: BTC double top bull
Trading method: Full position around 1x long, floating profit adding position profit data:
In a one-sided bullish market, BTC rose from $30000 to $69000 (approximately), price increase
Increase 130%, this time capital return rate 157%, profit amount $16,821,949
USD. At this time, capital accumulated return rate 524922%, cumulative profit amount
$27,523,876.
Summary of the last 10 trades:
1: The data for ten trades is organized as follows:
1.7 profitable trades, 3 losing trades, win rate 70%; average profit $3,971,128
USD, average loss $91,340, profit-loss ratio 43 times.
2.8 times in trending market, 7 profitable trades, 1 loss: 2 times in a volatile market
All lost.
3.6 times in bullish market, average return rate 902%; 2 times in bearish market
Average return rate 33%. (Learning to stop loss is very important, survive
Key)
Cumulative profit calculation formula as follows:
5,000x(1+4285%)x(1-44%)x(1+491%)x(1+49%)x(1-8%)x(1-9%)x(1+113%)x(1+16%)x(1+379%)x(1+157%)-5,000~$27.52 million
4. Bit King only trades BTC, rarely touches altcoins; the regulations of Bitcoin
It is easier to grasp the discipline, which is more conducive to our learning and growth.
5, Leverage multiples are calculated based on USDT contracts (the purpose of trading is
Making money, not earning coins, earning coins can wait until making money to stock up,
Conducive to calculating profit and loss)
6. Even the best retail traders make mistakes; when wrong, admit it
Mistakes are very critical, Bit King's 5th trade is the only one in a bullish
Loss-making trades in trending, while in other trades, bulls tended
Trends have invariably made Bit King a fortune, why did Bit King make a mistake this time? Because this rise occurred under extreme pessimism in the global financial markets, even strong as Bit King cannot avoid the overall market sentiment. Here we draw the second conclusion: under the premise of Bitcoin halving, if there is extreme panic, retail investors are fully shorting, and many bulls are liquidated,
is an excellent opportunity for bulls to enter. Conversely, the same applies to bears.
In summary, Bitcoin halving is almost the only thing ordinary retail investors can understand
Profitable opportunities that are highly certain.
7: Small capital high leverage, large capital low leverage, large capital high lever
Leverage, easily blown by the exchange (currently, there is no first or second-tier exchange in the world with the capability to maliciously insert spikes, making it the fairest trading variety in the crypto circle) the more fair the trading, the more reasonable the capital formation, which is more conducive to long-term rise.
8: Only do medium and long-term trading, do not do intraday short-term trading.
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