The tragedy of ultra-short-term trading is that most people don't understand trading at all. They only know that they can make money if they bet on the right direction, otherwise they will lose money. They know nothing about position management, entry timing, exit timing, various trading strategies, profit and loss ratio expectations, etc. or don't pay attention to them!

Look at the tragedy of ultra-short-term trading in Figure 2 below. At present, the market fluctuation range of Bitcoin is 62,000--64,000, and the most concentrated liquidation is also in this range, which means that many people's liquidation prices are within the range! Knowing that the range is oscillating and the market is plugging, the liquidation price must be within this range. Isn't it obvious that it is waiting to be liquidated at any time? !

The purpose of trading is to make a profit. The first thing is to control risks. Only when the risks are minimized can we consider profits. Many people get it wrong. At the moment of entering the market to trade, they ignore the risks and only think about how much they can make!

The bottom line of trading is to protect the principal, and the core of trading is to make long-term and stable profits!

At present, Bitcoin is still fluctuating in the range. There will be a sharp drop at a certain time point in the near future, rather than an increase. The specific reasons have been clearly stated in the previous article. Partners who understand the trend should be prepared for a sharp drop. Don't trade based on feelings or luck. Only by relying on your own mature trading system can you achieve stable and continuous profits.