A self-narration of a veteran in the cryptocurrency circle: from stumbling to steady progress
As a veteran in the cryptocurrency circle who has experienced a liquidation and survived tenaciously, I have taken many detours and experienced various pitfalls (1v1 copying, joining a group to listen to the orders of the old wet, recharging various VIPs, etc.). Do you say that I was deceived or innocent? I think it is half and half. I believe that every old leeks who still persist in the cryptocurrency circle have stepped on no fewer pitfalls than me. These pitfalls are the nutrients (or tuition fees) for our growth on this road.
After stumbling all the way, I gradually learned the ability to distinguish right from wrong. Although "most" are pitfalls, there are also "golden pits" among them. In the process of exploring step by step, I met many good coin friends, and we communicated with each other and grew together.
This is also the reason why I want to start writing articles. Perhaps after stable profits, I feel the need to give back to the cryptocurrency circle (social responsibility? Just kidding...). I hope I can become the "gold pit" of the currency circle, illuminating the novices and old leeks who need help.
Next, I will publish some trading ideas and trading technical guidance when I am free. As the saying goes, "It is better to teach a man to fish than to give him a fish." I can't accompany you 24 hours a day. In the end, all those who want to make stable profits in the currency circle can only rely on themselves. So, family members, learn!
Future sharing direction Trading concept sharing: Explore the way of thinking for long-term survival and profitability in the currency circle. Trading technical guidance: Share the practical skills and methods I have accumulated in the trading process. I hope these contents can help you and become your guiding light in the currency circle.
Let me share my own views on contracts. To put it bluntly, the cryptocurrency world is a kind of investment, and there will naturally be gains and losses. Contracts have high risks, but also high returns. How can we grasp them? 1. Risk control plan, it is recommended to hold a light position, which is less risky and can basically make a little money after a period of time. The position remains unchanged for a month. Change it once a month, develop a habit, and you will naturally not be nervous when doing orders, and you can treat it with a normal mind, making it easier to make money. This can be truly called investment, otherwise it is still called speculation 2. No matter what order, you must bring the stop loss! Even if you have lost several times, you must bring the stop loss! ! ! In general, as long as our winning rate is greater than 50%, and then the stop loss is small and the stop profit is large, we will definitely make money. Remember not to carry orders! ! ! Carrying orders will die! ! ! Generally, you can close 50% of your position with a profit rate of 50%-80% or double it, and continue to hold the rest, and then set the stop loss to the opening price! I hope you don't operate too frequently. When placing an order, wait for a stable stop loss to be small. Even if you stop loss, you won't lose much! Don't set the stop loss point to an integer. Add three or five points to prevent sweep losses. Finally, I'd like to give you a word. Become a trader and investor, develop habits, control your mentality, and slowly accumulate wealth in this trading market, instead of becoming a gambler, thinking about getting rich overnight. When you put all your hopes on one thing, you have already lost.
Four stages of trading - the road to stable profits
Conclusion
These four stages need to be walked out step by step and understood. Although timing is the most important, it is useless if you do not have the ability to attack and defend. If you can't attack, defense is worthless. If you are not beaten to a pulp by the market, you always think you can beat the market. When I was groping on my own, it was like walking in the dark. If someone could point out which stages to go through, what to do in each stage, and what to practice, at least I could avoid 80% of the losses (tuition fees).
The four stages of trading - the road to stable profits #BTC☀ #ETH🔥🔥🔥🔥 The fourth stage
I realized that the true meaning of trading is to choose the right time. Only doing easy market conditions and the most certain opportunities can easily achieve stable profits, but if you want to expand profitability on the basis of stable profits, try more models, and seize more opportunities, it is still difficult to do so. 50% a year is a stable profit, and 5-10 times a year is also a stable profit. Therefore, the most difficult thing at this stage is to be able to control greed, wait patiently for opportunities, and deeply understand the cost and risk of making more profits, whether it is the income that you should have according to your level, which is anti-human. Everyone wants to have as much income as possible, especially when you really catch a big trend and achieve 3-5 times the income in a month, you will feel that this is the current ability, and the income capacity of each month will only increase, and it will be easy to make a thousand or ten thousand times a year. With such an idea, you will subconsciously not want to miss every opportunity and be eager to improve your profitability. However, you only have the ability to catch the trend at a small cost. As for how far the trend can go and how often it will appear, it depends on luck. As for the return, it is not important whether it is ten times or a hundred times a year, and the amount of principal is even less important, because the reason for achieving stable profits is the great power of compound interest, and financial freedom is nothing more than a few years later. What is important is stability, not wanting to miss every opportunity for more profits, while frequently modifying the system strategy. One more point of profit outside the system will be lost tenfold or a hundredfold. If you make more money without strictly abiding by the discipline once, you will have a fluke mentality next time, until you lose discipline and return to the first three stages. To reach this stage, you have experienced margin calls in the previous stages, and your principal is very small or you can only borrow money to trade. However, this is the darkness before dawn. After you have survived it, you will soar into the sky like a phoenix reborn from the ashes, and transform into a ruthless ATM machine, repeating boringly, choosing the opportunity, stop loss, choosing the opportunity, stop loss, choosing the opportunity, stop loss, and lying drunkenly on the lap of a beauty (when there is no market, you can fully enjoy your life. What is the purpose of trading? Because trading without life is putting the cart before the horse), and you wake up to control the world (when there is a market, you can watch your funds continue to conquer cities and territories, and withdraw your troops in time when risks arise).
Four stages of trading - the road to stable profits
The third stage
Understand that trading is stop loss. Making money is the simplest thing. When you encounter a trend, just leave it there and don't move. You don't need to operate blindly, but defense is always needed (depending on the trading level, mine is 1 point level). The problem at this time is that although you can avoid big losses and make big money at the same time, it is in exchange for frequent use of small stop losses. For example, narrow range shocks are all false breakthroughs, which will constantly stop losses, consume the principal, and fall into self-doubt. When you want to adapt to the market by conducting narrow long and short two-way transactions according to the shock market, suddenly a big trend will directly exit, because according to the shock method, you will frequently stop profit and then reverse. This stage is close to stable profit, but it is just a step away. This step is to avoid shocks, only do trend markets, one-way transactions, and at the same time amplify the trading cycle to filter out invalid fluctuations. Before, I was intraday ultra-short-term, long and short two-way transactions. This is the most difficult to achieve stable profit. It may be possible for a period of time, but it is impossible in the long run, because only a small amount of funds can affect short-term fluctuations. There are too many variables. Too much noise will not only eat up profits but also destroy the trading system. Even if you can achieve stable profits with noise, it is hard-earned money. If you magnify the same level period, you will make more money. If you want to seize the profit of each fluctuation, you will make a lot of money when the trend cooperates. You can make twice as much in one day, which is exaggerated. When the trend does not cooperate, continuous stop loss plus handling fees will also have a retracement of 30-50 points.
The Four Stages of Trading - The Road to Stable Profitability
second stage
Master certain profit rules and learn to attack. Compared with the first stage, the certainty is increased. It no longer predicts the trend, but follows the market. Only follow up when there are signs of the trend starting, and then let the profits run. At this stage, the profitability is very strong and you can make a lot of money. However, you do not have enough understanding of the importance of stop loss and lack of flexible stop loss techniques, and you will eventually be wiped out. Because you have made a lot of money by sticking to the trend, and you have tasted the sweetness, it is easy to stick to it when profits retrace, stick to it when you lose, and let the loss run away. It is okay to make no money in a transaction (it is acceptable to retrace the profit from the profit to the cost), or to make a small loss. Since it has no impact on the principal, it is treated as if there is no such opportunity. If you continue to repeat it, at least it will not lead to quitting the table, as long as As long as you're at the poker table, there's always an opportunity to make a lot of money. But if a big loss occurs, then a bigger profit will be needed to restore the principal. Before this big profit, it is likely to experience another big loss. Two big losses will cause your mentality to collapse, and you will be on the verge of liquidation. Once you realize this, you will start to study stop loss in depth, continuously improve your stop loss ability, avoid the possibility of big losses in the trading system, and prepare for the next stage.
The Four Stages of Trading - The Road to Stable Profitability
first stage
I feel that only by predicting the right trend can I make money. Trading depends entirely on feelings, news, and other people's advice. I follow hot topics and even pray when I lose money. Believe in prediction, have obsession, and think that you can beat the market, instead of observing the market itself and whether the trend is still there. Let’s not talk about the high probability that the prediction is inaccurate. Even if the prediction is accurate, you will leave the market with a big loss. Because the higher the winning rate, the deeper the obsession will be, and you will feel that you are a stock god. As long as your prediction is wrong once, you will be in a dilemma when you experience a big loss. The more money you lose, the more likely there will be a big reversal at any time, and you will continue to lose money if you don't leave the market. When I left the market, I was worried that the price would skyrocket as soon as I sold it. At this time, I began to understand the importance of the trading system, and had a preliminary understanding of when to attack and when to defend. I continued to summarize the rules and then entered the next stage.
What I just started doing is minute-level two-way trading. When I feel good about trading, I can trade twenty or thirty times a day with a 100% winning rate. I even draw a line and follow the line exactly to the point. I also recorded a video to witness the miracle. I felt that I was very good, but in the end I still left the market with a huge loss. A high winning rate is nothing more than the same trend in the past few days, and the strategy used is just right to capture every fluctuation. It is like over-fitting in quantitative trading. Once the trend style changes, how high the winning rate was before will be how miserable the losses will be later. Superposition The mentality collapses and the operations become deformed. They will not stop and calm down for a while until the position is liquidated.
Four stages of trading - the road to stable profits
Preface - entering the pit
New customer benefits, make money as soon as you enter the market. Most newcomers see a big wave of market trends and think they can make a fortune by following up. Then as the trend continues, they really make a fortune, so it is easy for newcomers to make a profit. After that, they are reluctant to leave the market because they miss the feeling of making easy money. They even keep adding positions when the price falls below the cost line. Even if they are lucky enough to rise in the end, they will do the same operation next time. There will inevitably be a time when the price does not rise, which will lead to the final loss. Without a trading system, buying and selling are all based on feelings. You can only make a profit if you predict correctly, and most of the time you will lose money. After such an experience, a group of people will be eliminated, and those who can continue to persist will enter the following four stages from the pure leek stage of newcomers. In the first three stages, every time you step into a stage, you will feel that you will achieve stable profits, but in the end you will burst your position and leave the market, eliminating batches of people. The principal of those who persist will continue to decrease, especially those who are full of positions in the novice stage, and those who want to make a fortune and leave with heavy positions, will find it more difficult to persist in the later stage.
Can't find a reason not to go short🈳 1-Weakened momentum 2-Long-short exchange 3-Capital outflow If you don't go short, you'll be sorry for yourself Making money is so easy💰💰💰 #BTC☀ #ETH🔥🔥🔥🔥
**How to make money from trading? How to turn part-time into full-time? ** First of all, the law of the world follows the 28 principle, that is, 80% of the benefits come from 20% of the efforts. This means that in any field, including trading and career transitions, a few key actions can bring most of the results. **1. Determine goals and make plans** Whether it is trading or part-time to full-time, clear goals are the first step. Set specific, achievable goals and make detailed plans to achieve them. **2. Learning and improvement** Both trading and career transitions require continuous learning. Understand market trends, master technical analysis, learn relevant knowledge, and constantly improve your skills and knowledge reserves. **3. Control risks** In trading, risk control is crucial. Set stop-loss points, diversify investments, and avoid putting all your funds into one basket. Similarly, in the process of part-time to full-time, assess the risks of each opportunity, prepare and respond. **4. Perseverance** Successful traders and career changers have one thing in common: perseverance. No matter how many difficulties and challenges you encounter, you must remain patient and perseverant, believe in your goals and work hard for them. **5. Continuous reflection and adjustment** Regularly reflect and summarize your own experience and lessons, find out the shortcomings and improve them. Whether it is trading strategy or career planning, it needs to be constantly adjusted and optimized according to the actual situation. **Conclusion** Whether it is trading or turning a part-time job into a full-time job, scientific methods and unremitting efforts are required. As long as you follow the above principles and grasp the key 20%, I believe you will be able to succeed in this process. I hope these suggestions can help you, let us achieve greater success in trading and career development together!
Q: What is accumulating experience? A: Accumulating experience is crucial for financial product traders. Here are some simple methods: > Simulated trading
1. Use a simulated account: Perform risk-free operations on a simulated trading platform to familiarize yourself with the market and trading platform.
2. Test strategies: Test and optimize trading strategies in a simulated environment to accumulate practical experience.
> Formal trading experience
1. Start with a small amount of funds: Start actual trading with a small amount of funds, and gradually accumulate experience and confidence.
2. Record and reflect: Record the decision-making process and results of each transaction, reflect and summarize regularly, and find out the improvement points.
> Learning and analysis
1. Read classic books: Read classic trading books such as "Reminiscences of a Stock Operator" and "Turtle Trading Rules", and learn from the experience of successful traders.
2. Pay attention to market dynamics: Read financial news and market analysis every day to understand the latest market trends and trends.
> Participate in training and seminars (find a high-quality group to join the discussion)
1. Professional courses: Participate in relevant courses such as financial analysis, technical analysis, quantitative trading, etc., and systematically improve professional knowledge. 2. Industry seminars: Attend industry conferences and seminars to communicate with experts and peers to get the latest information and insights. > Find a mentor 1. Find an experienced mentor: Establish connections with experienced traders to seek guidance and advice. Regular consultation: Regularly communicate with mentors about trading experiences and problems encountered, and get professional feedback and improvement suggestions. Network resources 2. Financial community: Participate in financial forums and social media groups to exchange experiences and opinions with other traders. 3. Online resources: Use online courses (such as Coursera, Udemy), blogs, video tutorials and other resources to continue learning and improving. Practice summary 1. Regular summary: Summarize trading results every month or quarter, identify successful strategies and reasons for failure. 2. Continuous optimization: Based on the summary results, continuously optimize trading strategies and methods to improve trading performance. Through these methods, gradually accumulate trading experience, improve trading skills, and achieve long-term and stable returns.
BTC market analysis I have been saying this before You can always believe in the inflow of funds for one hour Here, the decline has stopped since the inflow of funds, which can be regarded as a signal of stopping the decline The momentum weakened in succession Long and short exchanges The brothers who followed up have been making money, and the brothers who waited and watched have continued to watch Go, go, go #BTC☀
Ethereum market analysis I have mentioned before You can always believe in the inflow and outflow of funds for one hour It will always give you unexpected surprises This wave of Ethereum is 400 points How many players can get 300 points? The market is every day Brothers who follow up can eat meat every day Enjoy the fluctuations 1: Short finger signal 2: Momentum upward 3: Fund outflow 4: Long-short exchange With these conditions, you can choose not to short, but you must not go long. #BTC☀ #ETH🔥🔥🔥🔥
Ethereum market analysis The ultimate destination of volatility is still the trend 1-hour interval 12 o'clock closing at 3415 1: Capital outflow 2: Long-short exchange 3: Momentum upward Still no floating loss Now there is a profit of 100 points locked in Brothers who followed up made a lot of money again #ETH🔥🔥🔥🔥
BTC is still strong Start at 2 points Meet at the same time 1: Momentum upward 2: Capital outflow 3: Long-short exchange Closing price 65800 The same 65800, the things shown are completely different #BTC
Watch and learn well Brothers who followed me got rich again Intraday fluctuation of 3,000 points, perfectly grasped Can't do the volatile market? Bull and bear signals are perfectly grasped! #ETH🔥🔥🔥🔥 #BTC☀
Bitcoin market analysis 15-minute interval 1-hour interval Two perfect entry points No floating loss after entering the market Go, go, go A new week, enjoy the waves #区块链 #以太坊ETF批准预期