first transaction
Date: February 15, 2019 ~ June 27, 2019 Fundamentals: LTC halving, exchange IEO
Speculation on operating techniques: go long 15 to 20 times the entire position, and increase the position with floating profits.
Explain a knowledge point for each transaction: the whole process is 15-20 times more. It is not to directly buy 5000u 15 times more in one go. Instead, first take 500 US dollars and open more than 20 times at 5000 US dollars in Bitcoin. Then, the price rises. 500 US dollars, instead of closing the position, and then continue to increase and continue to increase.
In Bit King's trading system, it is expected that there will be a 30% fluctuation before taking action. Therefore, Bit King's profit-loss ratio will be very high. This is one of the fundamental reasons for Bit King's extraordinary profits. However, in actual practice, many people tend to give up when profits are good, and hold on to losses when losses occur. They know that this is wrong, but they just can't control it. This is the weakness of human nature. Greed and fear need to be controlled through money management.
Profit data: During the unilateral rise in the market, Bitcoin rose from 4,000 to 12,000 (approximately), with a price increase of 200%. At this time, the cumulative return on funds was 4,285%, and the cumulative income was US$214,277;
second transaction
Date: June 27, 2019 ~ December 18, 2019 Fundamentals: The government issued a document strictly prohibiting speculation
Operating techniques: Operating techniques for trending market conditions, and constantly stop losses in volatile market conditions.
Profit data: The market fluctuated widely, Bitcoin fell from 12,000 to 7,000 (approximately), the price dropped -42%, the return on funds this time was -44%, and the income was -$96,427. At this time, the cumulative return on funds is 2357%, and the cumulative income is US$117,850;
Interpretation of Bitcoin King’s trading ideas:
Compared to short selling, Bitcoin King prefers to go long. Don’t do short-term trading within the day, don’t trade in volatile market conditions, and don’t hoard money foolishly.
In the volatile market, still stick to the trend strategy, strictly stop losses, and wait patiently for the trend to arrive.
If you make a mistake in the wrong direction, you will never take the order. Making a mistake is not terrible, but returning to zero is the most terrible thing.
