Share your trading experience throughout February!
I have 7-8 years of experience from futures to foreign exchange margin. Until January, a friend recommended $BTC to me, saying that he made more than 500,000 U this month and suddenly became rich. So I became interested and entered the currency circle.
To be honest, I had gone through many twists and turns before and had several positions blown out! I thought that the trading experience I had accumulated before was enough for me to master the actual risk control, and then I overestimated myself. I started a cooling-off period for a week to reflect on my mistakes and then enter the market again.
I will probably list a few fatal mistakes!
1. Overconfidence in one’s own trading skills
2. Following the chain effect caused by the first point above, when the leverage is full and the position is full,
3. After setting the stop loss and taking the loss, you are eager to enter the market and the principal drops rapidly.
After two cooling-off periods, the pie had been blowing out for a while. At that time, it had been hovering between 50,500 and 53,000 for 12 days. During this period, I had been waiting and watching. It could not go down or go up. After all, it was a bull market, so I decided Waiting for the opportunity to go long, the last trial order was at 50981 and I also found a few altcoins to enter the market. I won’t say more about it later. After the trial order is successful, the capital and profit will be guaranteed.
However, yesterday there was a huge amount of altcoins in the pie, and they followed suit. Fortunately, there was a guarantee, otherwise the position would have been liquidated. However, the cost of the pie was relatively low and it was not swept out. Later, there was a manual profit stop and anti-short movement (the reason was that the big players wanted to promote Bitcoin. How can a rise bring a lot of people on board?) What’s more, in March every year, the market mostly falls, so I decided to go long and go short. I don’t dare to guess where the correction will be. A conservative one is 58,000, and a pessimistic one is 48,000~50,000. In short, the market will be very different after April. Well, if you can, take advantage of the opportunity for a pullback!
Summary: It is normal to suffer losses when trying orders. You must have the discipline to spend 10% or 5% of the principal each time you enter the market according to your own tolerance (every time the leverage is fully opened, sooner or later the position will be liquidated). If you lose money in one day No more than 30% of the principal. If you fail every time, there must be something wrong with your strategy or you are simply betting on dogs!
Real traders will wait for opportunities before taking action. What is an opportunity? (Your most profitable pattern) may be left, right, moving average, news, K-bar pattern, etc.
Although I am a swing type, my winning rate is low, but when the bull market or bear market comes, I can always win from the beginning to the end. It is purely a personal trading sharing. It has nothing to do with me if you have opinions. Trading requires a good mentality [mind is not as good as technique] mentality. I don't think your deal will be any better.
Playing contracts in the currency circle can indeed double your assets, but on the contrary, failure to do a good job in risk control can also make your assets return to zero overnight.
#WIF #ORDI #DOGE

2024/02/19 Trading Records

I don’t dare to chase highs and only dare to buy lows. But if you want to buy low, you will usually face several problems.

1. The stop loss is set low but it is always swept out (especially the pin is really annoying)

2. If the stop loss is too large, you are afraid of losing too much.

3. When it starts to rise, you quickly chase the price, only to find it falls again.

4. I made dozens of percentages after buying something at a good price, but I want to sell it quickly for fear of losing money again later.

I believe everyone has these problems. As for how to overcome them, let me give you an example.

If you want to drive an F1 car, you won't be able to drive it without a good driver. It's equivalent to you not having a good mental system. No matter how much chips you have with good technology, it will eventually come to zero!
Many people are pursuing trading technology but often do not understand the importance of "trading system" and "mental system".

During consolidation and washout, trial orders are an inevitable cost, and risk control and frequency of moves need to be calculated rather than entering the market rashly!

#內容挖礦 $BTC $MANA $DYM

I heard a friend say today that many people saw 38,000 in pie! What factors do I think lead to this idea?

In terms of trends, data, and strategies, there are currently no short signals.
Judging from the hundreds of altcoins currently, they are all in a rotational situation. Instead, the altcoins are taking the pie with them, so I think those who are bearish are struggling with money, haha!

There is a friend in the group who is very patient and is still holding on to the 36,000 pie. I really admire him!

Next is the altcoin that has recently been deployed, $DYM $MANTA . These two coins were bought to the bottom yesterday and you can hold on to them. According to the wave theory, today is just the beginning.
$BTC 's correction from high to low yesterday was just over 2,000 points. It didn't even reach 50,000. It was estimated to be 69,000 before the halving. There are less than 2 months left, so take advantage of it! #內容挖礦

Other coins have already spread far away. Which ones can still enter the market?
I found a good move today $DYM 7.4-8 and buy whatever you want. Let’s look at 9 first!

According to the article I shared last time, I think people who understand it should be making a lot of money now, while people who don’t understand it will always have to watch their money fly away!
Many people like to look at the winning rate and rate of return and simply don’t understand what your trading beliefs are? Whichever project or person is very good at placing orders recently, just follow the trend... What the trading market compares is mentality. The so-called "techniques are not as good as mental methods." If you want to make money in the financial market, you must first win against yourself. Have you ever wondered why robots perform better than your subjective operations? Because the robot is inhumane, whatever instructions you give it, it will perform exactly the same thing for you. Poor performance means there is something wrong with your strategy! Any strategy has a way to make money, but how do you modify it? Follow your SOP and not do whatever you want. Everything has rules. It is not luck that a small restaurant can become a listed company, but they have a way to make money. Principal When enough is enough, the same goes for expanding territory and trading!
Many people know that 80% of people lose money and only 20% make money
How can you become one of the 20%?

The following pictures tell the story #1000stas #1000rats $BTC $ORDI

In this wave of #BTC , many people may be short positions

Based on my own opinion, I have looked at almost all altcoins.
More than half of the popular projects are ready to go, and some of them are expected to explode next week, and the rise will be very fierce. As for how the big pie looks, I think a correction is not impossible, and there are not many corrections that can be seen. You can take orders for 45,000, and the target is at least 50,000. If the 50,000 mark is still standing, it will be a big piece of meat!
In the above operation, I think it is better to select projects with potential altcoins #1000rats #ORDI. . They are too different from the big pie.
Especially it is very possible that #1000rats will reach 0.6 in the next few months.

In terms of operation, small funds can do risk control according to their own positions, only do one direction and slowly accumulate capital, and buy in batches with good volume for long-term layout.

Many people like to do both long and short, but I think any strategy has a way to make profits. As long as you abide by your own trading SOP, you can make long-term profits!

If you want to eat, you have to eat it from beginning to end. The very few who have doubled their assets are the ones who got rich overnight.

Do you want to make a lot of money slowly or blow up your position overnight?

Namidoor!

See if #BTC will let me fly first class $BTC $#热门话题
$DYM