In three years, BitKing made 100 million from 10,000 yuan. Behind the 10,000-fold return rate is a high risk that cannot be ignored. In addition to BitKing's strong trading ability, he also has to thank the market for making so much money. As the saying goes, "A wise man makes a thousand plans, but he will make mistakes." There are many things worth learning from BitKing's trading, but the author believes that there are still some places that are not suitable for retail investors to imitate. The following is a summary of the trading experience of BitKing:

1. Trade with money you can afford to lose, and don't be afraid of losing money, so you can make a profit;

2. "Fundamentals + technical analysis" are combined to determine the direction. With the support of fundamentals, the trend can be more stable;

3. Only do daily level trend market (volatility>30%), don't do intraday short-term, don't do volatile market, and don't hoard coins foolishly;

4. In the volatile market, still stick to the trend strategy, strictly stop loss, and wait patiently for the trend to come;

5. If you make the wrong direction, never hold the order. Making a mistake is not terrible, but returning to zero is the most terrible;

6. Compared with shorting, BitKing prefers to go long;

7. In the trend market, BitKing will wait patiently and choose a position with an advantageous price to enter.

The following is a reflection on the problems in BitKing's trading:

What can be wrong with such a perfect trading record? I think about it, there is only one, that is, the leverage multiple is high, that is, BitKing, which is simply unbearable for ordinary retail investors. In the first and third transactions, Bit King used 20 times and more than 5 times leverage respectively. Although the two bullish trends are highly certain, if they are inconsistent with expectations, or if the entry position is not suitable, a large callback can make people return to zero. Fortunately, Bit King bet right twice. But for ordinary retail investors, it is recommended to use low leverage to slowly compound interest. The operation of high leverage is accidental and cannot be replicated. The reasons are as follows: first, ordinary retail investors do not have Bit King's ability to judge trends and patiently wait for entry positions, so they are prone to mistakes. Second, high leverage is addictive. Ordinary retail investors have no self-control and will return to zero once. Even Bit King only has two high leverages, and then it turns to low leverage. The control is extremely strong. If Bit King has high leverage every time, it is estimated that it would have returned to zero long ago.

I am Si Qing. If you are confused about the current situation and don’t know what to do, click on the avatar to find me briefly and share for free #ETH $ETH