#ban feels like many people are trapped by the ban. Let’s talk about this ban today. On November 23, I mentioned that all the whales of this coin were holding short positions. This kind of whale is very cunning. If you're interested, you can check out my previous posts where I elaborated in detail. My long-time fans shouldn't be trapped by this ban. After that, I advised against touching either long or short positions, and I haven't looked at this coin since then. Playing with such coins in a bull market is purely harmful.

Today, let's analyze this coin again from a data perspective. In the short term, within 48 hours, the contract open interest has increased while the contract net value has consistently flowed out, indicating that the main focus is still on increasing short positions. So, don’t rush to catch the bottom; it might not be possible. Their strategy is basically to keep increasing short positions while continuously selling spot to eat the long positions of retail traders.

However, I also do not recommend you short it now. One point to note is that the contract open interest of this coin is around 37 million, and the current market capitalization is 75 million. The contract open interest is already half of the market capitalization. You never know when the main force will quietly increase long positions at a perceived bottom, then gradually close some short positions before starting to accumulate long positions as short positions take profits. The explosive power of such volume when short positions are closed and long positions are opened together is actually very strong. You can refer to the trends of Big Dog and CATI; they are basically played out using this strategy.

I do not recommend you play with the ban, but if you really want to, you can wait for a few consecutive days of small bullish candles on the daily chart, as the main force slowly closes short positions at the bottom while there is a noticeable increase in long positions during this push-pull. Such operations may lead to an explosion after being stable for a few days. However, without data, it’s hard to observe this, and you might be misled by seeing sideways movement thinking the main force is accumulating, while in reality, they are just closing short positions and haven’t started to accumulate long positions, so it won’t pump high and will continue to flush. Analyzing this kind of situation with data is also relatively difficult. Overall, I still do not recommend playing with the ban, just like my previous advice.

$BAN daily chart shows that it has not yet broken the last support level of 0.07. I hope it can follow the structure shown in the chart. This coin has increased a lot, and the current level of consolidation is very normal. If you look at PEPE and NEIRO, don't easily sell at a loss. To achieve a significant increase, you must be prepared to endure a substantial decline.

Leeks, you need to understand one thing. Strategies can be divided into two categories: big bets on small outcomes and small bets on big outcomes. The former has a high win rate and seems to always make money, but this comes at the cost of holding positions and shorting volatility, with the consequence of losing it all. The latter has a low win rate, usually not exceeding 50%, but a single win can recover losses, and if luck is on your side, winning twice can yield returns of more than ten times. Holding positions means exposing yourself to the market, where the initiative lies with the market. Whether you're on the rooftop or in the club, it all depends on whether the market decides to strike. Any strategy that involves holding positions, claiming to have made a certain multiple, I look down on. Because mathematical principles dictate that in the end, you lose it all. Those who say you can buy and make money should look at the chart below and the signal alerts next to it, and consider whether a signal always leads to a price increase. There is only one kind of grassroots wave rider, but it’s clear that those who play with algorithms have a better situation than most gamblers. However, many people prefer to hear stories for psychological comfort; even if they go bust, it doesn't matter. As long as they keep making excuses, like the market is too bad, or the turtle has inserted needles, or there are false messages, they can continuously rationalize their behavior and selectively forget painful memories. Analysts who tell stories will always exist because people are naturally inclined to listen to stories.

After my funds reached 100,000, there was significant fluctuation in my account, at times reaching 140,000 and at other times dropping to 80,000. The reason for this was that the contract multiplier was around 5 to 7 times, which caused substantial volatility.

After some reflection, I decided that the core of trading lies in your ability to control drawdown after making a profit, in order to preserve the fruits of victory. Therefore, I told myself to reduce my position size and try to keep it within 3 times.

Now my funds have reached over 600,000. Currently, I have moved 100,000 into spot trading, and 500,000 is in contracts, with my position size between 3 to 3.5 times. I also successfully avoided the significant drop a couple of days ago.

At that time, I closed all my positions before going to bed, and I had placed orders for LTC from 116 to 105. Fortunately, I only placed a small order for XMR; otherwise, I would have faced liquidation. This XMR completely overturned my understanding; it was so fierce, it jumped directly to 148. In hindsight, it sent chills down my spine. So, we must respect the market! Withdraw funds in time or move them into spot trading.

It's better to not make a profit than to incur losses. Not losing is winning. Let us encourage each other and slowly become wealthy together!

From 3000RMB in my old account this year to 500,000RMB, and then I cancelled my account to get the commission until it reached more than 1.8 millionRMB. I really experienced many difficult nights, and I withdrew hundreds of thousands of RMB in the middle. One year's victory made me lose my mind, and I still couldn't overcome human nature. I thought I could do everything in this market, and I forgot how I survived the financial road for more than 10 years. I gambled heavily, and this account was taken away by a wave of short orders from Pie. Currently, there are less than 50,000 RMB left. My confidence has been hit hard. I have been adjusting for almost a month and I haven't come back to my senses. I hope I can get out of it quickly and continue to recover in a few years. I also wish all my comrades who are working hard in the currency circle not to carry orders, not to hold heavy positions, and prefer to go slower. I don't take orders, nor do I make money from you. I have re-edited the attached screenshots. Please don't lead the rhythm.