Yesterday's funds were 324 U, today's funds are 541 U.
Last night, I quickly reviewed every diary I had written before. While reading, I was overwhelmed with emotions and cried profusely. After finishing the diary, I asked myself, why haven't I made any money?
From selecting coins to timing the entry, I have no problem chasing hot spots. I am even a step ahead in predicting hot spots; I am simply overflowing with talent. The tenfold coins I previously selected in my diary are plentiful, and the win rate for contracts is frighteningly high. From predicting the bull market to interest rate cuts to the U.S. presidential election, I have been accurate.
I focused on reviewing the failures in my diary, counting my failures and their causes. I almost always failed on contracts, either from holding positions too long or using too much leverage, or from adding positions during declines. Many times, after I was liquidated on a contract, the market would rebound, and the coins I picked for the contracts were all high-quality coins. If I had chosen to trade in spot instead of contracts, I would have already made a fortune. I was blinded by a single leaf; with little capital, I wanted to chase more funds but ended up losing my principal. Trading contracts relies fundamentally on luck rather than talent and skill.
I have said countless times in my diary that contracts are doomed to fail, and spot is king. I have become lost in my own thoughts, always wanting to get rich quickly, wanting to reach the top in one step. In fact, slow is fast; without accumulating small steps, one cannot reach a thousand miles.
The coin will not disappoint those who believe in it; the bull market will not disappoint anyone who goes long. Believe that it is not too late to start everything now. A prodigal son returning is worth more than gold; it is never too late.
Now my funds on Binance combined with the funds in the primary market have reached 1000 U, allowing me to trade contracts again. But this time, I only used 500 U for spot trading and will stick to spot for a month. Spot is king; I want to use my talent to achieve better monthly returns in spot than in contracts. Trading spot in a bull market is not worse than trading contracts. I will take a month to prove the effectiveness of spot trading. Spot trading allows for more trial and error, and it also reduces the anxiety and fear associated with contracts. Isn't spot trading more appealing than contracts?
At the same time, my funds in the primary market are still engaged in the primary market's games, hoping for the day they aggregate to Binance. The coins in the primary market are a mix of good and bad, requiring strong capabilities in chasing hot spots and making predictions. Out of ten thousand coins, 999% are worthless. To make money in the primary market, you need the ability to find the 0.001% quality coins; otherwise, it’s better in the mature secondary market. Binance is a mature exchange that filters out low-quality coins from the primary market.
Market logic prediction for December 14, 2024.
This is my personal logic; please do not casually purchase in the primary market, as it is easy to lose everything and the risks are very high.
Today, my Binance account holds contracts and spot coins, but the contract funds are very low, only 20 U. The spot funds are 500 U. I want to try buying my favorite coin in both contracts and spot, and see which performs better over a month. The coin has been rising for three days; today is the fourth day. Even the strongest coin should have a correction, but I haven't seen any good coins in the secondary market today. I hope a hot concept coin will emerge this afternoon or evening.
It seems that money in the secondary market is starting to flow back to the primary market.
The coin I am optimistic about in the primary market is still AI16Z (a barometer for AI concepts in the primary market), along with the currently smaller market cap coins ELIZA, degenai, and MAX.
A new logic line emerging from the primary market, GRIFFAIN and BLINK coins. GRIFFAIN has already surged, and BLINK coin is worth paying attention to.
There is also a logic line I am following, the HFUN coin of the Hyperliquid ecosystem after the HYPE surge, but both HYPE and HFUN coins are like standalone coins.
I personally really like AI16Z coin, ELIZA coin, and BLINK coin.
