I believe there are many people bidding farewell to the old and welcoming the new today, saying goodbye to 2023～

After going through the difficult 2022 and the coming end of 2023, we are all asking ourselves how this year went for you, me, and ourselves.

There is no such thing as giving up one's old bad habits, welcoming new prospects, stopping on the wrong path, humbly choosing the right direction, being humble and low~

First of all, I would like to summarize my own feelings about this industry since entering the financial investment market. If you can get through it, you will see the moon after the clouds have cleared, and the sky will be clear after the clouds have been cleared! There have been too many mistakes, bad things, misunderstandings, and ignorance in these years, but of course there have also been correct and good things learned.

Review: From the long wait time for short positions when the market was at a high of 69,000, to the current 60% position after the market bottomed out at 15,500, what did we see, think, and do during this period?

In the initial consolidation of the bear market, the Korean Luna incident in June 2022, this was my first bear market. I was blank, I had no idea, and even doubted whether the technical school (Wyckoff trading method) that I was proud of had been learned correctly? Did something go wrong? Because I used it very well in the bull market, it can be said that all the techniques that were easy to use failed this year, just like a vehicle with brake failure heading towards scrapping and "death". I was panic-stricken, terrified, emotional, and my thinking was no longer under self-control! I was afraid that this car would lead me into a bottomless abyss... All the bad things were manifested in my entire appearance. However, I didn't think about why this was? How should I deal with it? This was also the first market that I missed to give me the opportunity to take over the market (stage bottom) 17622. The fault lies in my lack of complete bull and bear experience in this market, no summary, no reflection. Later, when I went to Guang for help from teachers, I deeply realized that there are too many dimensions and spaces in this market that require our attention and adaptability. This is a diversified art market. It is not scientific and has no fixedness. It requires our thinking to be "unconstrained" and we need to treat it vividly...

At the end of the year after this incident, the crisis-ridden market seemed to be getting better. Although I had the guidance of my teacher, I still walked cautiously. At this time, I had strengthened the defense line of the technology I learned, the "Trading Plan", and established a rough but own trading system. Why is it rough? Because this is what I "copied" and imitated the teacher's strategy, and I have not yet established a complete trading system of my own.

In November 2022, FTX collapsed, causing a loss of confidence in the market (fundamental problems in the market), which led to the ultimate shock of the market to 15,500 (this is a great opportunity). For me, I used a small amount of spot to make a strategic warehouse with a trading system at this position, with eight empty warehouses under the guaranteed warehouse, but 4 warehouses in the car. Until the market rebounded in 2023, I tasted the sweetness brought by the trading system strategy, and it also made me understand that it is particularly important to establish a trading system of my own! Because it allows you to "attack and retreat, advance and defend"!

Finally, let me talk about my trading plan, my risk preference, my investment cycle, and my investment method.

In the last bull market, I was in 40% of the mainstream (entering the bull market at the waist) and 50% of the value copycats, with an ambush of no more than 2%. The band is 8%~

This round of plan is temporarily 50% mainstream, 35% value copycat, and 15% ambush (in the bull market it is convenient to learn and practice new knowledge and logical rules in this market and remind yourself to maintain a short-term logical thinking).

The layout ratio of mainstream and copycat is only in the current plan.

A while ago, a wrong tweet was posted about Bitcoin spot ETF, saying that ETF has been approved, which made the market rise from 27,000+ to 44,000+. Although the market was not satisfactory before, it is the bright spot in the market this year, with an increase of more than 160% since the bottom. In addition, ETF is about to be approved, Bitcoin's four-year cycle is halved, the US will cut interest rates next year, and the macro fundamentals are favorable, etc. So this is one of the reasons why I temporarily allocate more mainstream positions (only for now) and I will make adjustments at any time due to changes in market fundamentals.

Because at the moment, I don't know whether the ETF will continue to rise through the market correction or continue to rise! If the ETF here has a deep correction due to the previous expected rise and profit-taking, then this is the best. As long as the correction stops here, I will execute the trading plan to put all the remaining positions into (value copycat) and make a good strategy.

If the ETF here goes up directly without a deep pullback or a pullback, then I will consider the next rise in the market and make position adjustments to consider the value of the copycat. And I will also intervene in the fusionist token in the low valuation range. After my last round of research and experience on Axie, compared with the community of this chain game, the official promotion attention and official website perception are slightly better than Axie. It also has NFT. Although the game is still in public beta and has not been opened yet. But its advantage over Axie is that it currently has a token burning mechanism, while Axie has only unlimited supply. At the beginning, Axie can be said to have never been surpassed in the chain game, but Fusionist is estimated to be able to iterate Axie for the time being. If Axie was in full swing at the beginning, then Fusionist is ready to go! So this is the focus of my position!

Besides, if the ETF here does not pass, it may be a black swan for the market, and there may be "rivers of blood". At that time, I may make adjustments to the overall position!

Of course, everything I say is limited to the present moment.

Finally, 2023 is too difficult! It’s not difficult, the difficult part is whether we know what we have done? This year, I pushed more and played more DC than in previous years. I got used to chatGpt, studied more on YouTube, and improved my reading. Because of my study, I chose Trekki and entered Web3~

Everything is going in a good direction. It’s too late to write the year-end post as promised.

I wish you all a beautiful 2024, smile, be happy, embrace happiness, and have a prosperous New Year~

Random records of counting stars~#BTC #etf #Launchpool #ETH #ai