I have grown from a principal of 100,000 to almost 2 million, mainly relying on spot money, but today I want to say something different from others, the heartfelt words of an old leek who has traveled through bulls and bears.
If you want to change your life, please read it!
I wonder if you often see the phrase "stay away from contracts and cherish life"?
Everyone who enters the currency circle hopes to find a hundred-fold or a thousand-fold coin. Thinking about the saying that the currency circle lasts for ten years, but today is no longer that era.
If you are an ordinary person without much original capital, and you want to invest in Bitcoin or Ethereum, where making big money can change your destiny, in the past, I would have asked you to buy Bitcoin and Ethereum, and you can also make big money on spot. But now if you don’t have much capital, if BTC rises to 100,000 dollars, it will not allow you to completely change your life.
Someone asked Brother Ming that trading looks easy, so why do you lose money as soon as you do it?
This is the same as everyone doing business. Before doing it, you think it is very simple and you can definitely do better than others. But in fact, as outsiders, we look at an industry and it seems easy. Only after entering it do we know how difficult it is for others to start.
Because this society is a survivor bias, what everyone can see are all successful cases, and these people also show the simple and easy side, but in fact, how much hardship and pain they have paid behind the scenes, we don’t know, so we would rather realize the difficulty of doing this from the beginning, and then enter the market, it will be more calm.
I am Brother Ming, who has been in the trading market for more than ten years. If you have any problems on the trading road, you can talk to Brother Ming!
Don't chase the short position for now, wait for the rebound
Yiming's Trading Diary All contents in this article are personal opinions and are for learning and communication purposes only. They are not used as a basis for investment. If you act based on them, you will bear the risks at your own risk. The title I give you today does not mean that the trend will change. From the daily level, BTC has fallen below the trend. After this trend is formed, it will not end in the short term. Traders need to know the market trends in different cycles. Yiming's view that you should not go short for the time being is mainly due to two reasons: 1: BTC has already fallen back 61.8% from its highest point so far, so a rebound is expected.
How many people still remember this chart by Mingge? Mingge drew this chart on July 17th. It is currently developing in this direction step by step. Don't go against the trend. The market is currently in a bearish trend. Whoever asks you to buy at the bottom is either ignorant or hurting you.
There are definitely opportunities, but not now. Wait for a new round of trend layout opportunities. Come if you have ideas. #BTC☀ #ETH🔥🔥🔥🔥
Brother Ming, I have just started trading. Is there anything I should pay attention to?
There are two points that I think are very important, and they are also what I did not do when I first started trading, which led to my serious losses in trading later.
One is that you must have your own trading method, and before trading, you must make a trading plan and execute it according to the plan, which will avoid most of the random losses. When we first started trading, our skills were definitely not proficient and our methods were not perfect, but if we have a trading plan, our trading will not be off the mark, nor will it be too much, which can avoid very serious losses. Friends who do not have their own trading system can refer to Brother Ming's system. If you have any ideas, you can talk to Brother Ming!
Another is to operate with a small position as much as possible, because the tuition fee for entering the market must be more or less, but if our position is small, the tuition fee will be less. The consensus of us old birds in trading is that we must exclude the worst possibility before trading, and we would rather make less money than lose a lot of money.
I am Brother Ming, who has been in the trading market for more than ten years. If you have any questions, please find Brother Ming. Welcome to chat!
Yesterday's Ethereum market analysis: the highest price was 3348, and Mingge's reference pressure was 3352. There is basically no error. Mingge also operates according to this. In the future, the point updates will be reduced. If you need it, you can talk to Mingge! #ETH🔥🔥🔥🔥
Yesterday, Mingge's headline was "The rebound will not pass Shanhaiguan". In fact, trading is very simple. Don't think too complicated. Just look at the trend. The premise is that you must be able to understand the trend signal. The news is unreliable. Think carefully for yourself. #BTC☀
Continue to go high. Yesterday, Brother Ming opened a short position near the Ethereum pressure level of 3356. Today, it is almost time to cash in. The intraday pressure of ETH today can be paid attention to: 3322/3352/3389, and the intraday support today can be paid attention to: 3250/3215/3185. It is for reference only and no specific operation plan is given! #BTC☀ #ETH🔥🔥🔥🔥
Trading is a process of exchanging risk for profit. Every order must bear possible stop loss in exchange for the possibility of profit. This is the most essential trading logic.
With such a trading idea, you will not be naive to think that to become a god in trading, you must only make money and not lose money, nor will you think about getting rich overnight, and you will not fantasize about pie in the sky. You will understand how important it is to be steady in trading.
Risk management must be the first step to achieve stable profit, and then consider the return. In addition, the return expectation also determines your risk value. There is no such good thing as taking 1 risk and returning 10 profits. Risk and profit must be proportional.
Therefore, in trading, we would rather lower the return expectation a little and strictly stop loss, so that the mentality is good and the execution can be good.
I am Brother Ming, who has been in the trading market for more than ten years. If you have any problems on the trading road, you can talk to Brother Ming!
The profit situation of some managed accounts is completely executed according to Brother Ming's trading system. Friends who don't have a complete trading system can talk to Brother Ming! #ETH🔥🔥🔥🔥 #BTC☀