Table of contents:
100,000 yen entry
Hitting 10 million
10 million is almost zero
From 250,000 to 5 million
5 million almost returned to zero
From 500,000 to 2 million
Some of my investment reflections
1. Investment is a science
2. Investment is a high-risk operation
3. How to avoid risks
4. The two biggest irrational demons in investment: greed and fear My investment advantage
I started the industry with 100,000 yuan. I am Lonely Volcano, and I come from the technology and game industry. I entered the cryptocurrency circle by chance in 2017, when Bitcoin had just broken the 10,000 yuan mark.
In the following four years, I had many outbursts and almost returned to zero many times.
After so many ups and downs, it is inevitable to have some thoughts, which I would like to share with you here so that we can inspire and learn from each other.

Trend traders should be experts in dealing with shocks. It's like the real role of a doctor is not to make people healthy, but to cure diseases. All trend traders are essentially doing "box" breakthroughs, whether it is a tangible box or an intangible box, triggering the upper rail to go long and triggering the lower rail to go short. There is no absolute objective standard to judge whether a market is oscillating or not. It depends on the box setting of the trader himself. This person's trend is another person's shock. This characterization is actually subjective. Try to classify shocks. 1. According to the direction of movement, it can be divided into same-direction shocks and two-way shocks.

1. If you are new to the industry, don’t rush to make money, and learn quickly. If you don’t even know that an exchange will collapse and run away, how to cross-chain assets, and the concept of blockchain, how can you make money?
2. Try to step into more traps, practice more, and ask less questions. There are 101 opinions among 100 people in the cryptocurrency circle. Speculators think investors are idiots, and speculators think investors are parasites. A says this project is a great innovation, B thinks it is just a concept machine, and C says they are both scammers... Who should I believe? Don't believe anyone. There are scammers everywhere in the cryptocurrency circle, who specialize in standing on the streets at various traffic outlets to provide newcomers with targeted stimulating services. And 99% of the people in the cryptocurrency circle are leeks, who should I believe?

First of all, I think there are three stages for traders to go through: the feelings, understandings and perceptions of each stage are different, and the core of the transaction is also different. Maybe at a certain stage, you feel that you are about to achieve financial freedom, but after a while, you look back and find that you are really naive. Well, without further ado, read on: Stage 1: Simple Stage (Seeing Mountains as Mountains) What is simple? To put it simply, it is what you see. The language expression is a bit pale, so use pictures to show it:
Without talking about what kind of product this is, just from the trend, this picture shows an increase in the near future. So what should we do if it increases? We must go long, otherwise we go short. It is that simple. This is the first stage. We believe in the market very much. We are still ignorant, just like the first grade of elementary school. What the teacher says is what it is. We have not thought much. The time everyone stays in this stage is uncertain, and the time unit is generally calculated in years. The second stage: the complex stage (seeing the mountain is not a mountain) What about this stage? I no longer chase the rise and sell the fall. I have basically been taught a lesson by the market. I start to take what I see differently. So I read books everywhere, learn indicators everywhere, and look for masters everywhere. At the same time, I am no longer so fascinated by futures, or I am completely lost in it. I don’t know how long it will take to get out of this maze. I dare not go long on the rise or short on the fall, because I am afraid of stop loss, or I have blown up my position and I am afraid of it.

Many of my friends have a characteristic, which is that they pay too much attention to one day's trading results and ignore the changes brought about by the system's persistence for a year.

In fact, trading discipline and execution are essentially derived from the cultivation of daily habits. Without a lot of repeated use, it is impossible to develop a fixed, modeled way of thinking in the brain.
In other words, we must consciously shape our brains and accustom them to using a certain thinking model to understand and judge trends. By establishing the model, you can find out what you are good at and what type of transactions you prefer.

At the beginning, I was doing low-multiple contracts, 5 times, and I found that when I was doing low-multiple contracts, my judgment of the trend was very accurate. Of course, this is not a very difficult thing. The returns can often reach 2 times or 3 times, and the highest one has reached 8 times. The cumulative returns have reached more than 30 times. Sometimes when I encounter a decline, I just have to resist it, and my overall mentality is also very good.
Later, I felt that 5 times was not enough, so I started doing 20 times. For a month, I wondered if I was being targeted. As long as I was long, it would never go up, and as long as I was short, it would never go down. The key is , if I close a long position, it will immediately skyrocket, if I close a short position, it will immediately plummet, forget it once or twice, it has been like this for a month, it can make people angry to death, and in the currency circle, it is up to 5 Fluctuations of one point are normal, but if it falls by 4 points, the long position will be liquidated. If it rises by 4 points, the short position will be liquidated. If the liquidation is too large, the person will become numb and have no feeling. I later started to wonder if this trading platform had an automatic monitoring system. As long as it detected that someone had opened a contract for more than 20 times, it would automatically roll over the liquidity pool and eat up the order. After eating, it would return to normal. When it goes up, it should go down. Don’t say that the list is too small to look at. No matter how small a fly is, it is still meat.