There is a high probability of fluctuations, and the direction will be revealed after the US election in November.
If Trump is elected, the market will continue to rise. If he is not elected, the market will fluctuate and fall and continue to bottom out.
These are all speculative markets. This is a place where wealth transfer is legal. Ordinary people should not think about making a fortune in one go. It is better to proceed step by step and accumulate small amounts to make a large sum.
This is a market that eats people and creates myths. It is a paradise for speculators and a hell for gamblers. The 7*24-hour trading time makes people addicted, and the 100-fold leverage makes people crazy. I have experienced a 15-fold increase in one night, and I have also experienced a loss of 40,000 U. Looking back, it is hard to describe the bitterness and tears. I will only talk about my own experience, hoping that you can understand cryptocurrency trading from another perspective. Let's encourage each other.
It took me nearly two years to really make my first pot of gold in the cryptocurrency circle. I started trading cryptocurrency contracts in 2018. I was fearless at the time. I lost more than 800,000 yuan in half a year by relying on my own strength. I was still working at that time. Although most of it was my own savings, I didn’t dare to let my family know because they didn’t understand and support me from the beginning. I think the most uncomfortable thing is not how much money I lost, but the feeling of loss. The negative emotions under long-term pressure make me depressed.
I continued to make profits and losses for more than a year, but I became more and more familiar with the trend of Ethereum, and slowly formed my own trading sense and trading rhythm. Maybe it was good luck. In the 20-year bull market, with the surge of Ether, I The trading system has also become increasingly mature, the intraday swing trading points have become more accurate, and the control of emotions has also been significantly improved. This year, in addition to making back the previous losses, I also earned an additional 800,000 U. Until now, my trading strategy has been to trade with 30,000 U, withdraw the currency when it doubles, and continue depositing and trading after taking a break to adjust. This is also a way of capital risk control. In terms of operation, we only trade within the day, not overnight, and never resist orders. We avoid encountering extremely large market conditions and go directly to the top.
After 20 years of full-time trading, I have a better understanding of this market. It is really a year in the world of cryptocurrency. The market rotates between long and short positions. As long as there are fluctuations and a certain band is made, you can make money regardless of whether you are long or short. Therefore, sometimes you should try to avoid interfering with the objective trend of the market with your subjective judgment, because there are too many subjective judgments. Once the market goes against the trend, it is easy to place orders. So, no matter how the market goes, just trade with the trend. In fact, there are infinite opportunities in the market. As long as you try to avoid repeating mistakes, such as placing orders against the trend and holding heavy positions against the trend, you can keep your principal and make profits in the market.
I have been in the cryptocurrency circle for five years. I am still trading and making a profit, but my mood has changed. I have become less concerned about many things and love life more. I enjoy a simple life.
Finally, I wish you can have fewer obstacles on the road of trading, and make money all the way. You are also welcome to communicate on the homepage. I write Zhihu more to find some people with the same frequency to move forward together. The road of trading is very lonely, and it is a very happy thing to have someone to accompany and communicate. I hope you can take fewer detours on the road to getting rich.
