High winning rate useless? A trading rule that turns 400 US dollars into 200 million US dollars with a 95% loss rate but only a 5% winning rate. The currency world is still in a barbaric period, which is comparable to the early U.S. stocks. Before all regulations were officially implemented, although it was still a high-risk asset, it was indeed a paradise on the cusp of the storm. Because of this, the early U.S. stock trading rules were also It will be of great reference value. Today I would like to introduce to you Richard Dennis, a legend in the US stock market. This legend has a winning rate of only 5%, but because of his unique trading method, he has grown from just 400 US dollars to 200 million, and he has ten apprentices. A few people, and later the total assets under management reached billions of dollars, that’s right! It was US$100 million 50 years ago! And why is his defeat rate so high? He must believe in a rule "Let Profit Run, Cut losses Short." Translated into Chinese, it means let profits continue to fly and losses be reduced to the lowest point. Most people tend not to review the transaction when making transactions, such as why they made money? Why did you lose money? In fact, when making money, you need to be calmer. Excuse me, why do you recommend everyone to play Poker at this time? This can also train your patience to make you calmer and more determined, so that you can make the right decision like Iaizan. Back to the topic, this set of trading rules is called the "Turtle Rules" and it mainly consists of four levels: Follow the trend just like cryptocurrency. Don't think that a certain point is a high point, or that a certain point is a high point. Lows. When buying the bottom, you should only start building a position when the trend reverses, because you never know where you are, and you might take the knife. To place orders with the trend, for example, at the beginning of a bull market, you can try to follow the trend as most of the orders are long. The stronger the trend, the easier it is to make money and the easier it is to roll up positions, so there should be no so-called rising prices. If you are high, you need to see if the general environmental trend is on your side! Technical analysis Technical analysis is an auxiliary tool, and the final decision-making power is still in your own hands. If the results of technical analysis are inconsistent with your own judgment, you would rather not place an order. I will explain the anti-market mentality here as the banker's mentality. After all, the amount of funds in the currency circle is still very thin. How to avoid being cut off by leeks also requires thinking about what the bankers will do behind the scenes.For example, the funding rate in the futures market can show the trend of most funds for the asset. Although some people use rates as a market psychological indicator, if most people are bullish, it most likely means that it is not far from the peak. . And if most people are bearish, it’s probably almost the bottom. Therefore, buy when the shopping street is full of blood, and sell when the crowd is noisy. In the currency circle, there are many tools that can verify each other, and the data on the chain is also open and transparent, so you can make good use of it! Risk control should be said to be the top priority of all. If you open an order to enter the market, you should have a floating profit under the trend of the market. However, if you continue to lose money for a period of time after entering, it is basically the wrong direction. Whenever you place an order, you should be prepared for the worst, and have the discipline to cut your position and not leave an order when you cross the line where you want to close your position. These are all in the book "Turtle Trading Rules". It is recommended that you read it carefully. What is also interesting is that Richard Dennis's disciples are also called Turtle Traders. These turtle traders every year The average profit is more than double the asset. Successful traders can be trained, and what needs to be respected most is discipline and principles! He is also one of the traders I personally admire the most! #BTC #etf

The most important news recently is probably the U.S. debt default. Here I will help you sort it out and attach my views to simply let you understand the whole thing.

-First of all, what is a U.S. debt default?

To put it simply, if the United States has no money to pay its debt, it will have to wait for Congress to raise the debt ceiling before it has the money to pay. Raising the upper limit will allow more funds to be used, otherwise the treasury will be out of money. It's like if you owe a lot of money to the bank, and you are able to work but haven't come out yet, the bank will definitely find a way to negotiate with you, or let you apply for an additional credit card, and it will take time to pass a bill to raise the debt limit. , and time is getting less and less! The last date is 6/1!

Where will the liquidity flow after Pepe? Let’s help you sort out some memes of the year! Maybe it depends on the order...

$pepe2005

$wojak 2009

$chad 2010

$wsb 2012

$cope 2019

Here is a quick introduction to each meme, not alpha🤪
#meme#crypto #brc20

Pepe is a frog character created by American cartoonist Matt Furie in 2005. He first appeared in a comic called "Boys Club". Pepe quickly became an internet meme, widely circulated on major social media platforms and often used to express various emotions. However, Pepe's image was misused during the 2016 US election and became a symbol of some extreme political groups, but has since gradually regained its original meme status.

Hi, welcome to CoolLab. Have you noticed that from the beginning of my channel to now, I have never talked about technical analysis. Of course, some people are also curious about how I usually place orders and why I can still do it when the market plummets. Filming calmly? That's right! Next, I plan to sort out my past trading experience and turn it into a series of teachings, condensing my more than ten years of experience in trading into a systematic teaching that is easier to understand and digest, whether you are playing with traditional finance or crypto assets. There are ways to learn from one or two, so that you can be more confident when trading. Trading is not gambling!