The Fall of God
In the second half of 2021, Bitcoin surged, but this time Liangxi misread the direction and suffered a catastrophic liquidation. Next came the situation where everything he bought led to liquidation, accumulating tens of millions in foreign debt. In 2022, Liangxi borrowed money from various cryptocurrency bigwigs. In October, Sun Yuchen and Huobi founder Du Jun announced they would each unconditionally provide Liangxi with $50,000 in trading funds to allow him to open contracts live on Huobi. Although it attracted a lot of attention, his assets ultimately went to zero shortly after. Then came the recent widely circulated 'drinking pesticide' incident.
Liangxi's Self-Narration
Less than 5 hours of sleep every day, exercising, gaming, trading—whatever I do, I am not the best. I have no talent; I have put in far more effort than others. In the early days of surviving in society, I lost money trading contracts and went into debt. After I started making money, I still sleep less than five hours a day. You think I rely on luck? Remember this: the money I made from luck, I lost long ago. I see those people mocking me, saying that they've played for years and still can't compare to an 18-year-old kid. Hearing such words makes me very upset. Although I am only 18, I feel like I have lived through more than 40 years. I don’t even sleep; I put in a tremendous amount of effort.

In the cryptocurrency world, there is a person whom some might consider a madman, just lucky enough to encounter the 519 incident, treating money as if it were not money, repeatedly going all-in, creating a myth in the crypto sphere. Some say he is a genius, averaging 1,500 trades a week, trading every five minutes when not sleeping, using 60x leverage to turn 1,000 yuan into 40 million, creating yet another miracle in the crypto world. Others say he is a pitiful person, lacking parental love, beaten by his biological father, and cheated out of money by his brother's girlfriend. At 17, he entered the cryptocurrency world and became a legend.
While most people were in high school, Liangxi used his father's ID card and bank card to open his first cryptocurrency trading account, and that year—2020—marked a significant black swan event in the crypto world, the 519 incident. He shorted with 100x leverage and, in just one month, turned 1,000 yuan into 20 million. There are many cattle, horses, and snake gods in the cryptocurrency world, akin to a well-known saying in the crypto circle: even pyramid scheme operators fear us. That year, he became a legend, multiplying his assets by tens of thousands of times. Regardless of what he might say or what others might say, I personally believe that achieving such great success at a young age is quite painful, especially in such a circle.
Noble Character
No matter how you look at it, Liangxi is a kind-hearted person, casually giving out tens of thousands in red envelopes to fans. When it comes to donations, he has never been ambiguous, not batting an eye at amounts over a million. Some might say he doesn't see money as money, but I believe he started from an ordinary family, not a wealthy second-generation, and would understand the importance of money. However, when faced with haters, he doesn't show weakness; he confronts the heavens and the earth, blasting away at the haters like a mouthpiece. A Pitiful and Sad Environment
He has no friends. As mentioned earlier, the bank card he initially used belonged to his father, and he has always had a poor relationship with him. Later, after experiencing continuous liquidations, he asked his father for money, but his father refused. This led to a dramatic scene of paternal affection and filial piety, where he cursed his father, and his father beat him. His romantic life has also shocked everyone in the crypto world, as his girlfriend not only accompanied him to parties but also encouraged him to trade contracts, and he even urged his fans to support his girlfriend's work.

The most comprehensive ways to play in the crypto world, see which one suits you?
1. Staking: If you want to earn staking interest, you must bear the risk of your principal possibly going to zero. If you do not have the capacity to bear this risk, do not attempt it.
2. Mining: Purchasing expensive mining machines is a prerequisite for mining; without such investment, you cannot enjoy the daily earnings from mining.
3. Airdrop: Waiting for project airdrops requires patience and perseverance. If you cannot endure the tests of the pandemic and bear market, this way of playing is not suitable for you.
4. Runes: To obtain high-value runes, you need to pay high gas fees. Without such cost investment, you cannot acquire runes.
5. Copy trading: Copy trading requires sharing risks with the influencer. If you do not have the courage to face the potential liquidation together, this strategy is not suitable for you.
6. Lending: Borrowing from the platform requires paying high fees. If you do not have such awareness and budget, do not attempt lightly.
7. Brick moving: While moving bricks may bring small profits, the risks are also significant, such as funds being trapped in chains or gas fees skyrocketing. If you do not have the capacity to bear risks, do not participate.
8. Contracts: Contract trading is extremely risky. Investors who have not gone through risk tests should not venture into it lightly.
9. Meme coins: Investing in meme coin projects requires great courage and the determination to bear losses. If you do not have this courage, do not participate in such high-risk investments.
10. Spot trading: Spot trading is friendly to large funds, but still poses challenges for small funds, requiring careful handling.

3. Position management
My current advice for position management: For example, if you take out 30,000 yuan to do a contract, my suggestion is to divide it into 3 parts, 10,000 yuan each. Use one of them to open a position each time, with a fixed amount of 10,000 yuan. The amount should not exceed 10 times for big cakes and 5 times for copycats. If you lose money, for example, you lose 1,000 yuan, you can make up 1,000 yuan from outside. If you make 1,000 yuan, you can withdraw 1,000 yuan.
Make sure that every time you open a position in the recent period, you can guarantee a fixed position of 10,000 yuan. Until you make 60,000 yuan in this way with 30,000 yuan, increase your position to 20,000 yuan, and do it this way. The benefits are:
The first point, split warehouse + low leverage, avoid the exchange + plug-in, which causes you to lose all your funds.
The second point is to avoid the problem of you getting too high. If you get too high one day and lose everything, then at most 1/3 will be blown up, and the rest can give you such a buffer opportunity.
The third point is to maintain a fixed position. You can maintain a relatively peaceful mentality when you are losing or making a profit.
Three suggestions on how to reduce losses:
The first point is not to use high leverage. If the Shanzhai is more than 5 times and the Dapan is more than 10 times, it is a high leverage. Using high leverage is always a dead end.
The second point is not to make a counter-trend order. When the price goes up, you want to go short. Although there are shorts, you have to tell yourself that you can't do this market. You would rather miss the whole round than touch the top or buy the bottom against the trend.
The third point is to be logical in making orders. Don't just look at the chart.

2. Experience in the Circle
In the spring of 2019, I began to engage in trading. In 2019, I failed the postgraduate entrance exam three times, was in debt of a million, had various small loans, and faced endless harassment from debt collectors. All I remember are my mother’s tears and the departure of my girlfriend.
(Don't take this personally; don't think that after feeling particularly frustrated, you can be like him. Most people fade away, and the likelihood of rising up after such experiences is too low. As he said, it’s just a record; it wouldn't be appropriate to discard this text. Most people fall down, and most people are just like everyone else. For rare events, just be an observer. When thinking about how others succeed, learn from their experiences, and absorb and reference how others operate, just like watching a movie. Dangerous moves.)
I went to Shenzhen alone, afraid to face my ruined life but also with a hint of expectation. A child from the countryside, starting off with a life of gambling... Come on, you are all in a better situation now than I was back then.
Opening a real trading account is partly for my dream of being a hero; I dedicated everything to trading. I honed my skills in the hopes that they would be acknowledged and witnessed by others.
On the other hand, I wanted to provide a pathway for those who are eager to learn. I remember how I struggled for half a year over the issue of using multiple leverage, with no reference or learning path to follow. I could only stare at the candlestick charts over and over again, reviewing one after another.
In trading, in speculation, I have reached the end. The open real trading is my greatest contribution to this market, to all lonely traders. May those destined to receive it get it. Keep going!
A wave of the market, a trade, regardless of success or failure, amidst your long career, among millions of trades, it’s just a drop in the ocean. Don’t be elated by a single success, nor should you be overly distressed by a single failure. A calm heart is always the strongest weapon for a professional trader. When you become impatient, blind, fearful, and anxious due to market fluctuations and asset changes, whether you gain or lose, you have already lost. The waves of the market will infinitely amplify your emotions, leaving you exhausted before delivering a fatal blow.

1. Real Trading Performance
From around 10,000 to 30,000, it is said that the lowest point was only 7. The rapid increase in funds began when it took off around October 2023.
The only initial amount that can be found now is only 1,000, from May 23, 2022, to around October 11, 2023.
The 16,000 profit curve is relatively flat (should be proposed).
From October 11, 2023, to mid-November, it increased about 10 times to around 160,000. From mid-November to February, the profit curve was in a downward oscillation, forming a bottom (this may be partly due to selling off, and partly due to the market's pullback).
After February, it saw a steep rise.
2. Experience of Entering the Trading Circle
I started to get involved in trading in the spring of 2019. In 2019, I failed the postgraduate entrance exam three times, fell into debt of one million, faced various small loans, and endless harassment from debt collectors. All I remember is my mother's tears and the departure of my girlfriend.
(Do not project this onto yourself; do not think that after being particularly frustrated, you can be like him. Most people fade away. The chance of rising up from such experiences is too low. As he said, it’s just a record. It is inappropriate to omit this part of the text. Most people fall down; most people are just most people. For rare events, just be an onlooker. When considering others' paths to success, learn from others' experiences; absorb and reference the ways others operate, just like watching a movie. Dangerous actions.)
I went to Shenzhen alone, afraid to face my ruined life, yet with some expectations. A kid from the countryside, starting life with a gambling addiction… Keep going, at this moment, you are all in a better situation than I was back then.
Opening a real trading account is partly for my hero dream. I have devoted everything to trading, honing my skills, yet I do not want to remain unknown and unacknowledged.

There are so many gullible bosses online who give Liangxi money to trade cryptocurrencies. When he makes a profit, he gives them a small dividend. Recently, Liangxi has accumulated nearly 80 million in debt; if he could pay it off, it would be a miracle, and if he could return to his peak, it would be a miracle among miracles. Liangxi often experiences mental breakdowns due to contract liquidations, leading to a series of delusions.
Delusion one: He believes he is being hunted down by people hired by centralized exchanges. Liangxi thinks he has reached an unparalleled peak in short-term trading skills and plans to withdraw a billion from the exchanges within the next year. As long as the exchange does not target him and force him into liquidation, he believes he will completely turn his situation around. If he doesn't get liquidated this time, the exchange will be close to declaring bankruptcy, and they will be troubled by him withdrawing tens of billions over the year, leading them to hire assassins to kill him.
Delusion two: He claims his genitalia is 21 centimeters.
Liangxi believes that people in the cryptocurrency world think he is fat if he measures 10 cm, but the truth is he measures 21 cm. He insists he gained weight over the past two years. Now that our lives are better and our diets have improved, our generation, especially those who play sports, has started to grow taller and stronger, surpassing both Black and White people. Therefore, having 20 cm is normal for us. Do not question my claim of 21 cm; it is a fact. We need to be confident. After our diet improved, we are gradually excelling in various sports compared to Westerners.

In the second half of 2021, Bitcoin surged, but this time, Liangxi misjudged the direction and suffered a terrible liquidation. Following that, everything I bought ended up in liquidation, accumulating tens of millions in foreign debt. In 2022, Liangxi borrowed money from various cryptocurrency experts. In October, Sun Yuchen and Huobi founder Du Jun announced that they would each unconditionally provide Liangxi with $50,000 in trading capital to let him open contracts on Huobi Live. Although it attracted a lot of attention, ultimately the assets soon went to zero. Later, there was the recently circulated controversial 'drinking pesticide' incident online.
Liangxi's Narrative
Less than 5 hours of sleep each day, practicing sports, playing games, and trading. No matter what I do, I'm not the best. I have no talent; I have put in efforts that far exceed those of others. In the early days of surviving in society, I lost money trading contracts and owed money, but after I started making money, I still sleep no more than five hours a day. You think I'm relying on luck? Remember this: the money I earned by luck, I have long since lost.
I see those people mocking me, saying they have played for years and still can’t match an 18-year-old kid. Hearing such words makes me feel very upset. Although I am only 18, I feel like I've lived more than 40 years. I don't even sleep; I put in a lot of effort.

In the cryptocurrency world, there is a person whom some may consider a madman, just lucky enough to encounter the 519 incident, treating money as if it were worthless, going all in time and time again, creating a legend in the crypto sphere. Some say he is a genius, averaging 1,500 trades a week, trading every 5 minutes except when sleeping, using 60x leverage to turn 1,000 yuan into 40 million, creating yet another miracle in the crypto world. Others say he is a pitiful person, lacking parental love, beaten by his biological father, and scammed by his brother's girlfriend.
At 17, he entered the cryptocurrency world and became a god in battle
While most were in high school, Liangxi used his father's ID and bank card to open his first cryptocurrency trading account. It was in that year, 2020, that the crypto world faced a major black swan event, the 519 incident. He shorted with 100x leverage and, in just one month, turned 1,000 yuan into 20 million. The cryptocurrency world is filled with many characters, and as a saying goes, even those involved in pyramid schemes fear us. That year, he became a god in battle, multiplying his assets by tens of thousands of times. Regardless of what he says or what others say, I personally believe that achieving such great success at a young age can be painful, especially in such a circle.
Noble character
Regardless of the situation, Liangxi is a kind-hearted person, casually giving out red envelopes worth tens of thousands to fans, and when it comes to donations, he has never hesitated, readily giving hundreds of thousands without batting an eye. Some may say he doesn't treat money seriously, but I personally feel he started as an ordinary person, not a rich second generation, and would understand the importance of money. However, when faced with haters, he shows no mercy, attacking fiercely like a mouthpiece, bombarding the haters' camp.
A sad and pitiful environment
He has few friends; as mentioned earlier, his initial bank card belonged to his father, and he has always had a poor relationship with him. Later, after suffering significant losses, he asked his father for money, but his father refused. This led to a dramatic scene of fatherly love and filial piety, where he cursed his father, and his father hit him. His love life has also shocked everyone in the crypto world; his girlfriend even accompanied him to drink while he played contracts, and he also encouraged fans to support his girlfriend's work.

I thought it was ridiculous for eth to rise from $10 to $200, but now the price has reached around $10,000. A few cards my friends casually played are enough for two Teslas.
I thought atom peaking from $6 to $10 was the limit, and I didn't dare to get in when it reached $100, thinking it had peaked, but the price shot up to $7,000 within a week, leaving me completely envious.
I thought it was impossible for ethi+ to go from $20 to $400, and I was worried it would crash, so I didn't dare to invest. Now the price has reached $5,000, and I've completely lost my mind, still hesitating. The market is extremely fomo right now; whatever you play is profitable. It's a tenfold bottom line; last night, I was pressured into playing psbts for $1,000, thinking it would go to zero, but when I woke up this morning, it had turned into $12,000.
All the tracks mentioned above are not as good as the popular tracks (inscriptions). Everyone must pay attention to the inscription market recently! Whatever you play, play it! Get involved with a few hundred dollars! Because too many people around me are financially free, while I am still waiting for airdrops, completely bewildered.

Option 1: Speculate on Altcoins
Altcoins can drop sharply and rise sharply; the prerequisite is that you have sufficient investment research skills, so you don't end up buying on the first day and running away the next. Of course, luck is also needed; if you're unlucky, don't buy altcoins. Additionally, you must have enough psychological resilience. After doing your research, make your own judgments; don't listen to others' nonsense. If you need to hold, hold; if you need to sell, sell. Your thoughts and actions must be independent, otherwise, you might find yourself buying at one price, selling at a loss at a second, and watching the asset you sold yesterday soar.
Option 2: Trade Contracts
Actually, I would suggest taking that ten thousand yuan and buying a McDonald's membership instead. You can order McDonald's once a month and enjoy it for several years, which won't lead to a total loss. But if you have confidence, then go ahead and give it a try.
Option 3: Accumulate Mainstream Spot

Let me talk about my own experience. Back when I only had tens of thousands, I always thought about multiplying it by 100 times. Later, after losing everything, I ended up tightening screws and delivering food. Later on, I earned my first million in life, thinking about how to multiply it by 10 times. Then I started thinking about multiplying by 5 times, 2 times... Now, I only pursue annual returns, and I'm quite satisfied with a 30% compound return each year. Perhaps in the future, as long as I can beat inflation, I will be content. I previously answered a question titled 'What to buy in the crypto space with 20,000?' Below is part of my answer: If you have 20,000 now, don’t rush, wait for the crash before and after the halving, and buy decisively. Don’t listen to some people talking nonsense about waiting for Bitcoin to drop below 10,000 or 5,000 to buy; that kind of thinking is too naive in the trading circle. The market moves with the broader environment, not through predictions. Continuing, if there’s a crash around three months before the halving (Bitcoin dropping by 10%), buy half a position, and after the halving, buy based on the situation—buy on dips, don’t hesitate. Here comes the key: 20,000 relying on Bitcoin's rise is not enough for freedom. First buying Bitcoin is because of the rotation logic in the crypto space; in a bull market, Bitcoin rises first, then altcoins follow, with each sector taking turns to explode. Then Bitcoin makes its final push, FOMO (fear of missing out) reaches its peak, and it climbs to the headlines of various platforms, and you know what I mean. Alright, continuing, once you buy Bitcoin, hold it. You don’t need to hold it for too long; just hold it for half a year after the halving. After half a year post-halving, many new concept coins will emerge, and you must keep an eye out. New coins usually consolidate for 1 to 2 months, find the right opportunity to buy, and then hold. Back to the title, how to play with 20,000? It’s simple yet difficult. In a year and a half bull market, follow the trends, be a bit more sensitive, and you only need to hold 3 coins that multiply by 5 to outperform many people. 20,000 x 5 x 5 x 5 = 2.5 million; why is that difficult? The difficulty lies in holding coins as if guarding a widow. Why is it simple? In every bull market, there are coins that multiply by a thousand, hundreds, and dozens.

When you buy this coin, you need to think about where the peak is ahead for this coin. I have entered the market now; can I come out with profit after a period of rise? Do not let your own greed blind your eyes.
Thinking that maybe it hasn't reached the peak yet, there is no coin that rises consistently to the upper right in the long term. It may be temporarily affected by market sentiment fluctuations, whether it's risk aversion or market manipulation, or perhaps it has hit the right narrative. It might experience a short-term surge. But there will always be a pullback. Of course, I'm not talking about the market situation.
You may also wonder what if I miss the opportunity by not entering; of course, this is possible. This requires you to make your own judgment. Have you thought that perhaps when you enter, it has already reached the peak? In the short term, this has already hit a new high. Who knows when the next wave will pull back to your position.
Can you endure it? If it doesn't rise for ten days or half a month and instead continues to fluctuate or even fall. Sometimes, fluctuations are more tormenting than declines. At least a decline gives you a clear answer. Of course, if it falls, you might doubt whether you have made a mistake, losing money. If it's speculation, immediately cut losses and accept it.
If you can't let go, believing it will definitely rise to this position again. Just wait, hoping the next wave will bail you out. But do not let the fluctuations and declines of this coin affect you. When this money no longer exists, it is gone.
You need to distinguish which coins are driven by market makers and market sentiment for short-term rises; these can be traded in the short term, but be sure to pull out quickly. Secure the existing profits.
Or is this coin backed by a narrative, potentially showing long-term growth prospects? It may yield good returns. Then accumulate at low prices. Of course, anything you do carries risks, especially trading coins, because they have no bottom.

ETH's rally this time is weak, with no significant positive news, remain cautious. Current price $2.5k, target price $4k, likely to break previous high in sync with Bitcoin.
pepe is one of the popular coins this round. Strong community, widespread consensus, positive news not fully released. Current price $0.0000104, optimistic about breaking previous high, target price $0.000017, likely to triple, long-term view 5 times.
TURBO is a new coin, strong community, widespread consensus, positive news not fully released. Current price $0.00613, optimistic about breaking previous high. Target price $0.00984, likely to triple, long-term view 5 times.
YGG is an NFT ecosystem, gaming token. Current price $0.47, target price $1.4, likely to break $1.7, judgment may have a high probability of multiples, can be traded in the short term, long-term market unclear, enter with caution.
AIDOGE is an OK coin meme, artificial intelligence and big data, hot topic, strong control by market makers, market value ¥5.4 billion, likely to double, may reach a new high.
BABYDOGE is a meme new coin, short-term outlook is positive, current price $0.00000000215, has a high probability of doubling, may remove a zero.

Buy 7000 USDT, buy 2000 USDC + put everything in a savings account, with an annualized return of 10%-15%
The remaining one thousand can be randomly invested in appealing memes + held, adjusting every month.
This strategy can roughly outperform 90% of people.

For example, your assets are 1 million
You used 700,000 to buy a stock
The next day, the stock dropped by 1%, and you lost 7,000, but you didn't care because it would eventually rise again
On the third day, it dropped another 3%, and you lost nearly 20,000, but you were unafraid because it would eventually rise again. On the fourth day, it rose by 2%, and you recovered almost 10,000 of your investment. You smiled, feeling everything was under control.
On the fifth day, it suddenly hit the limit down, and you lost nearly 70,000. You felt a bit anxious and started to fantasize about it hitting the limit up on the next trading day. On the sixth day, it rose by 4%, and you breathed a sigh of relief, thinking that stock trading still has its patterns.
On the seventh day, it rose by 1%, and you began to anticipate.
On the eighth day, it rose another 1%. Although you felt the increase was slow, at least you were breaking even, and you were content with that. On the ninth day, it suddenly dropped by 8%, and during that time, it even hit a limit down. You began to panic, doubting whether your stock selection was an issue.
On the tenth day, it dropped another 4%, and you started to become angry.
On the eleventh day, it didn't drop anymore, but it also didn't rebound, closing with a doji star. You saw online that some said this was a bottom doji star, indicating a rebound was coming, so you firmly believed your stock was about to rebound.

A wave of market movement can solve the issue.
If the initial capital is small, then two waves of market movement. If that doesn't work, then three, five waves of market movement. With a capital of 100,000, making the first 10 times is 1,000,000. Making the second 10 times is 10,000,000.
Of course, this is an idealized scenario.
The real situation might look like this path:
-3%, 800%, -8%, -5%, 750%, 180%. It should be noted that this is the result after applying leverage. Leverage generally needs to be at a level of about 15 to 20.
However, leverage means hell and irreversible disaster for the vast majority of people.
When you do not have the ability to control the risk of each trade within 0.5% of the total capital or even lower.
Never use leverage at any time.
Using leverage, 100,000 capital can earn 10,000,000 in three years.
If leverage is not used, it will take 10 to 15 years. Then the core of this issue becomes.
How to seize major market movements and maximize the profit space brought by the major market movements.

4. Don't panic and cut losses after a big drop in the morning; there is usually a rebound in the afternoon. If there is a big surge at the close, reduce your position, as the probability of a pullback the next day is high. If there is a low-volume rise, it will still go up; if there is a low-volume drop, it will still go down. A high-volume stagnation indicates that a top has formed; a low-volume stop in decline indicates that a bottom has formed. A massive surge must lead to a pullback. Of course, there are exceptions; generally speaking, this pattern has a high probability of occurring. 5. Trend is king; go with the trend. Once a trend is established, there is no need for extensive analysis; you must follow it. Follow the money, don't guess, don't predict. If you cannot judge the trend, look at the moving averages. The so-called moving averages divide the market into bullish and bearish. Bullish means upward, bearish means the moving average is downward. For short-term trading, watch the 5-day moving average; if it breaks out with high volume, you follow in. For medium to long-term trends, watch the 20-day moving average; if it breaks out with high volume, you enter, and if it breaks down, you exit. 6. Buy on divergence, sell on consensus. The idea that divergence creates a premium is very classic; my experience is that when a strong stock shows divergence, it is a buying opportunity.

After twenty years of stock trading, from the big losses at the beginning to the stable compound interest in the following years, I have summarized these 10 iron laws, which are all practical knowledge. I suggest you collect them!
1. The common problem of retail investors all over the world is that they will hold on to their stocks when they lose money, and will sell them immediately when they turn from losses to profits.
Never look at the trend, do not look at the trading volume, only look at the account profit and loss ratio, the final result is that the loss is infinite and the profit is limited.
At this time, you need to do the opposite operation and take measures to stop profit or stop loss.
For example, stop profit 10% and stop loss 5%. If you can ensure that you stop profit 10% and stop loss 5% each time, then operate 100 times. In this way, even if your winning rate is only 50%, your profit will reach 800%. Is it difficult?
It should be noted that if there are three consecutive losses, don't rush to operate. You should calm down and reflect on what went wrong and adjust your mentality.
2. Among all indicators, the trading volume indicator is very important. If you learn this, you will crush 80% of the traders. The volume ratio reflects the difference between the current trading strength and the trading strength of the past five days, which is manifested as amplification of trading volume + or shrinkage of trading volume. If the volume ratio is less than 0.5, it is a significant shrinkage. If the shrinkage can set a new high, it means that the main force is highly in control of the market, and the possibility of the main force selling can be ruled out. If it is in an upward channel, the probability of eating meat is very high.
If the stock is trading at the daily limit, the volume ratio is less than 1, which means that there is still a large room for growth, and the probability of another daily limit the next day is very high; if the volume ratio is greater than 1.5, and the stock that has a shrinkage correction after breaking through a certain important resistance level (such as the 20-day moving average*) is a rare buying target.
3. Pain points of retail investors: not shorting, eager to cover positions in a weak position, less capital and more stocks, fluke mentality, and dead stick to the end If you hold more than 5 stocks, and most of them are losses.
At this time, what you need to do most is to reduce the number of shares held, and sell first when the trend breaks (such as falling below the 20-day moving average). The number of my shares has never exceeded 3, even in a bull market.
The smaller the funds, the more concentrated they should be, and concentrate on analysis and the most reliable tickets. The more choices, the greater the probability of error.

I know a guy whose family has been wealthy for three generations; his whole family runs factories. His ancestors have never been poor, and in this lifetime, he doesn't have to worry about food or clothing.
One time when this guy came to our company, he was particularly polite to our cleaning lady, almost like he wasn't a boss, which I found quite strange. Later, when I was having a meal with him, I asked him: "Why are you like this?"
He told me: "If you deal with rich people more, you'll understand some particularly dark things."
One time, we went to a restaurant together, and when the waiter served the dishes, he accidentally spilled beer all over him, but my friend didn't get angry at all; he was smiling. The waiter quickly apologized, saying: "I'm sorry; let me help you clean it up."
My friend said, "It's okay; I'll clean it myself; you go do your thing."
Later, the restaurant manager called the waiter out to apologize to him. The manager kept saying: "I'm sorry, I'm sorry, it's all our fault; I'll deduct his wages."
Upon hearing this, my friend directly told the restaurant manager: "I spilled the beer on myself; it has nothing to do with that waiter; don't blame him." After the meal, I got into the car with him and smiled, praising him: "Dude, you really have good character; your quality is very high." As a result, what he said completely overturned my worldview. As soon as he heard my compliment, he said: "Stop talking nonsense! I'm doing this to protect myself. What’s the point of clashing with these lower-class people? These poor people are having a hard time every day and don’t have much money. If I irritate them, and they stab me a couple of times, then what am I supposed to do? Their lives aren't worth much; my life is worth something. I don't need to gamble my life against theirs."
I thought about it, and it seemed like he wasn't wrong. So many times, when you think that rich people or wealthy individuals have particularly good tempers and are very amiable, it's actually not about being amiable; they are just afraid of dying.
In fact, for them, cursing or offending lower-class poor people is a very dangerous thing. Moreover, for them, doing so would also make them look very undignified or lose face.