The logic of people doubling their time in two days
It’s still the familiar taste, and the familiar Dragon Turning Back tactics. Here’s the picture:
On January 3, 2024, the project owner of people announced the news of entering the inscription market. As soon as the news came out, at 8 o'clock that night, people soared more than 6 times in just four hours, from 0.0106 to 0.0739. It can be seen that the market is eager for it. In the two or three weeks before that, the concept of inscription was very hot. Whether in the primary or secondary market, funds were very concentrated. At the same time, the leading ORDI had risen about 30 times based on the bottom before that. This is the power of hot spots, and this is the money-making effect of hot spots.
Several principles that must be mastered for profit:
1: Trend is more important than buying point: If the trend is judged correctly, there is not much difference in profit whether the entry price is higher or lower.
2: Buying point is more important than selling point: The book teaches that the apprentice is good at buying and the master is good at selling, but in contract trading, if you don’t buy at a good point, you will frequently stop loss and hold orders. On the contrary, if the entry point is the detonation point, selling high or selling low is just a matter of how much profit you make, and the entry point determines whether you can hold the order.
3: The right side is more important than the left side: I will not accept any rebuttal. People who have died once should understand. If you still don’t understand, die again.
4: Choosing the trend is more important than choosing the currency: The trend determines everything. Yes, everything, your direction, your currency, your position, your holding time, your entry point, and your selling point.
Before the trend of Bitcoin starts, there will be no big market for copycats. I mean the situation of multiple times. The experience of several rounds of bull and bear markets proves this.
The protection of banana is too much,,,, it has been online for almost a month, and the contract is still not available. What are you thinking? $BANANA
Do you have the three hearts to trade profitably? Part 2
In the previous article, I talked about one of the three hearts for profitable trading: confidence. People who read the article will feel that I rarely talk about technology. Why? No matter how good the technology is, without the blessing of Tao, you are just a reckless man. Moreover, it is easy to acquire technology, such as indicators, tactics, lines, and waves. No matter how many technologies you have learned, in the end, only one or two indicators are enough. The key is to cultivate Tao, which is usually called the mind method. The cultivation of the mind method is endless. Confidence is the beginning of profit, confidence is the beginning of staying away from loss, and confidence is the standard of whether a trader is mature.
I will continue to share tomorrow: Do you have the three hearts to make a profit in trading? Second, please pay attention. The market is ruthless and fair. The market does not believe in tears, but only in awe. Awe is not fear, let alone fear. It is to better choose opportunities, time, currency, and trend. Be bold when you should do it, and retreat when you should stop. Be able to be big or small, be flexible.
The entry point of the contract is crucial, just like a 100-meter race, every point and every corner of the price must be fought for. Why? Because if the entry point is not good, the winning rate will be reduced, the stop loss will increase, the number of orders will increase, the psychological pressure will increase, and the anxiety will increase.
Spot is different. Sometimes entering the market with one more point or one more corner will not affect the fundamentals. Just like a 1,000-meter race, the starting point is not a very critical factor. What matters is endurance and subsequent explosive power.
Contracts not only pursue subsequent explosive power, but more importantly, the impact of the starting point, just like a 100-meter race and a 100-meter hurdles.
Yesterday afternoon, I was still talking to students about digging a gold mine for Dabing, because this week's positive news is clear, and the market will not go according to the majority's ideas. This is the market $BTC
Do you have the three keys to profitable trading? (1)
While jogging this morning, I overheard a conversation between a young couple on the road. The original words were something like: Brother, it’s not easy to earn 200,000 yuan nowadays. Dear traders, do you think it is easy or difficult to earn 200,000 yuan? (It has nothing to do with the principal. For those who have no ability, 1 million yuan still cannot earn 200,000 yuan. For those who have ability, 20,000 yuan can also earn 200,000 yuan). Making money, making a lot of money, is the goal and dream of every trader who comes to the crypto market. No one starts out with the intention of losing money or getting liquidated. Do you agree? Today, let’s talk about the three hearts of profitable trading.
The final result of the transaction is that money flows from the accounts of impatient, anxious, and stubborn people to the accounts of calm, calm people.
When the trend changed in November 2021, one of my fans held more than 30,000 oil spot at a high position. He asked me for my opinion at the time, and I asked him to clear the position decisively, but he couldn't make a decision in the end. In 22 years, it was only worth a few thousand U. He couldn't bear it and sold it. This is the price of stubbornness.
There are opportunities in the market every day, but the opportunities that can really be made or the transactions that fit your model may only happen a few times a month. However, if you seize these opportunities with a heavy position, and then through compound interest, or even rolling positions, the profit can be over a hundred times after five transactions.
The difficulty is patience. If you can't control your hands and open an order when you see fluctuations (up or down), what's the difference between this and wanting to go in when you see a beautiful woman? But you won't really go in, you can control yourself. In fact, the profit of trading is to control your greed and fear.
Can you integrate knowledge and action and trade currencies within the model?
Reflecting on the "8.5" crash from a cyclical perspective
For me who has experienced the bear market in 2018 and 2019, the bull market in 2020 and 2021, and the bear market in 2022 and 2023, no matter which year it is, the market has a rule. The first is cyclicality, that is, there will be a small bull market, the cottage will have a 1-5 times increase, and the big cake will have a 40% increase. The second is the two-legged theory. Whether it is rising or falling, the market cannot go far with one foot, just like a person, only two feet can maintain balance, so that you can walk safely and run quickly.
My understanding of cyclicality: Every year, the market will have New Year's Eve market, golden autumn market, and halving market (bull market). Since 2018, the market situation every year has been cyclical.
Three important events next week will affect the market development. Event 1: Trump and Musk are interviewed together Event 2: July CPI is released Event 3: The US Democratic Party launched the "Crypto for Harris" campaign.
Harris' campaign team recently introduced former Binance and Ripple consultants, showing its attention to the cryptocurrency industry.