Why do 99.9% of traders lose money? It's because they don't know who their adversaries are. When you are trading contracts, do you know where your opponent is? Most of the time, your counterpart is the market maker. They're on the opposite side of your orders. 💰

🎯Who are the market makers? How powerful are they? Market makers operate in teams and are well-capitalized. Many projects seek specialized teams to make markets, essentially to assist project parties in selling their issued tokens to you.

🏦Recently, the U.S. Securities and Exchange Commission (SEC) sued Binance. Do you know why? A market maker named Sigma Chain was key. Their actual controller is the controller of a major exchange. Trading on the exchange is like gambling against the exchange. 🔍

🤔So, how do we make money? No, I'm not saying that we can't make money from these circumstances. Rather, we need to understand and respect the market, be well prepared, have clear strategies, and avoid dreaming of getting rich overnight.

1️⃣Stability and drawdown control are crucial. Ask yourself, what is your goal? To double or triple your capital, or to achieve social mobility? A rational analysis, progressing step by step, avoiding substantial drawdowns, is essential for steady profits.

2️⃣Technical or fundamental? Traders should focus more on the technical side. Our holding period generally ranges from 4 hours to 7 days, and fluctuations in this time frame are primarily driven by the contest between market makers and intraday traders.

3️⃣Predicting the future or thinking in probabilities? We can't predict the future, but we can use probabilistic thinking to help us make better decisions.

I hope these insights can assist you. Trading is a profession; it requires specialized knowledge, clear strategies, patience, and determination. Always revere the market, remain humble and cautious, but also be prepared to embrace challenges boldly.

Even with large market makers and other complex factors, various news and dynamics in the market, as long as we are sufficiently prepared and have clear strategies, we may find our place in the market and gain profits. 💰

Lastly, trading is not a sprint; it's a marathon. We need to be patient, we need to persist until the end. Only in this way can we achieve success in this game. 🏃‍♂️🏁

Best of luck in your trading endeavors, and keep going! 💪🚀

Compared with yesterday, Nashville is still hot today, but the queues are growing. 2024 is destined to be an extraordinary year for Bitcoin. With the launch of Bitcoin and Ethereum ETFs, traditional finance and decentralized finance have merged for the first time.

The Dawn of Bitcoin, Blooming in the Heart of America
In this temple of technology and finance, the second day of the Bitcoin Conference was like the dawn, carrying the hope and dream of the future. The glory of Bitcoin illuminated every corner in the speeches of RFK Jr. and Michael Saylor.

July in Tennessee is hot and humid
This land that has witnessed countless changes in American history, the official opening of the Bitcoin2024 conference, which contains the innovative energy of the 21st century.
From the battlefields of the Civil War to the Music City, every inch of this place is filled with a heavy sense of history.
Bitcoin, this 21st century technological wonder, resonates deeply with Tennessee’s independent spirit.

Unlike previous years, Bitcoin has stepped out from behind the scenes into the spotlight, from a carnival for a small number of people to a battleground for strategists. People no longer seem to care about the price of Bitcoin, but are more concerned about Bitcoin itself.