In the contract market, those who experience liquidation or significant losses generally share the following common characteristics. If you do not overcome these issues, you will continue to incur losses!

1. Heavy trading. (30%~50% position)

2. Stubbornness, never admitting mistakes (always thinking it will turn around)

3. Not setting stop losses, always used to manually closing positions, which leads to being unable to react to extreme market conditions in any investment market.

Some people feel that operating with a 10% position is too small. The earnings are too little. However, I advise everyone to never expect to get rich overnight. Steady and gradual, achieving a daily profit of over 10% on your total account is very feasible. At the end of the month, it can be quite substantial.

Heavy trading is the main reason for liquidation. Using a large proportion of leverage with heavy positions results in very low risk tolerance. Always wanting quick results and to get rich overnight will only lead to worse outcomes.

Light positions and small amounts, going with the trend; steady and gradual, accumulating small gains into large ones. When your account funds have doubled, you can withdraw your principal. At that time, your mindset will be clear, and the speed of profit will be very fast.

There are as many players in the crypto world as there are stars in the sky, but those who can be called 'tough characters' are probably these ten:

1️⃣ The warrior holding a large amount of altcoins: dreaming of the day of getting rich, but racing against the risk of liquidation every day, with a heartbeat that rivals a rollercoaster.

2️⃣ The soldier who fights repeatedly but never gives up: not afraid of losses, not giving up after losses, always feeling that the next wave will allow for a comeback, keep charging forward!

3️⃣ The believer who insists on investing in only one coin: firmly choosing one coin, indifferent to its ups and downs, holding tightly, regardless of what others say, always sticking to their choice.

4️⃣ The hardcore player who trades coins without a computer: the phone is the only weapon, monitoring the market anytime, anywhere, on the frontline of the market.

5️⃣ The mysterious figure who never talks about the crypto world: low-profile, enigmatic, quietly making money, others have no idea what they're doing, and when they finally make a move, it leaves people stunned.

6️⃣ The conservative type who decisively cashes out after gaining about 20%: not greedy, not panicking, locking in profits as long as there are gains, steadily reaping rewards without taking on too much risk.

7️⃣ The adventurer who dares to invest heavily without studying: relying on intuition and courage to gamble on the future, gains and losses all depend on fate, playing with a sense of feeling 'lucky'.

8️⃣ The fearless one who dares to invest without a fixed income: no fixed income, but always feels that the next investment is the chance to turn things around, full of courage, with a very stable mindset.

9️⃣ The hermit who claims to never buy coins to anyone: outsiders can't see the clues, clearly putting on an 'I don't play' facade, but the wallet quietly bursts every day.

🔟 The long-term investor who holds for more than six months after buying: not seeing short-term fluctuations, enduring loneliness, earning value through time and compound interest, firmly waiting for future returns.

Should stop-loss be set for contracts?

First of all, many people think that contracts are a great danger, but this part of people lacks understanding. Existence is reasonable; there are probably two types of people who hold this view:

1. Those who have suffered significant losses in contracts. These people may have lost a lot of money, even liquidated several positions, which leads them to believe that contracts are a great danger and that playing contracts will inevitably lead to zero.

2. The other type of person is one who follows the crowd, someone who has never engaged in contracts and sees overwhelming opinions online saying, "Those who trade contracts are all gamblers, and they will eventually go to zero..." This leads them to subconsciously believe that contracts are indeed very frightening and should not be touched.

I believe that contracts are neutral, like a knife; if used well, it can lead to quick wealth, but if used poorly, it can easily backfire. For those who trade contracts, the requirements are much higher compared to trading spot. So, should we set a stop-loss when trading contracts?

There are two situations: the first is short-term traders, who definitely need to set a stop-loss. The second is medium to long-term traders, for whom a stop-loss may not be necessary. Of course, the premise of both situations is to manage positions well. In simple terms, do not let extreme situations blow up your position.

For short-term traders, the goal is to seek short-term gains. If a stop-loss is not set, it can easily lead to losses exceeding what one can bear, resulting in permanent exit from the market.

For medium to long-term traders, I feel that a stop-loss is not as necessary, although this depends on managing your position well and ensuring safety. Whether it goes down or up, you can perform averaging operations. Of course, there is also a very important factor: the direction must be sufficiently accurate; otherwise, this approach could lead to irretrievable losses.

In summary, whether to use a stop-loss or not, there is no absolute right or wrong; it mainly depends on your trading style and market conditions.

Stop-loss: suitable for short-term, high-leverage trading, or when the market has high uncertainty, aimed at controlling risk and protecting capital.
No stop-loss: suitable for medium to long-term investments, when the trend has not changed or when positions are very light, aimed at capturing larger opportunities.

Regardless of the choice, the most important thing is to execute according to the plan and not let emotions influence your decisions. Trading is a marathon, not a gamble; steady and solid progress is the key to going further.

Ten Tips for Trading Cryptocurrencies!

1. There isn't much capital, for example, within two hundred thousand; in a bull market, catching two or three big rallies is enough, don't always think about being fully invested. Be brave enough to go to cash, wait for opportunities, and use the profits to bet on the next big rally.

2. One can only earn money they understand. First, practice with a simulated account; both mindset and courage are essential. If you lose in a simulated account, you can try again; losing once in a real account might be the end, or even force you out of the market.

3. When major good news is released, it's okay not to sell on the same day, but if there's a high opening the next day, be quick to sell, as good news often turns into bad news.

4. One week before major holidays, reduce positions or go to cash; markets usually drop during holidays.

5. For medium to long-term trading, keep cash on hand; sell when prices rise, buy when prices drop, and trade back and forth.

6. For short-term trading, watch trading volume and patterns; if the patterns are active, take a bullish position; if not active, don't engage.

7. Slow declines lead to slow rebounds; fast declines lead to fast rebounds.

8. If you buy incorrectly, admit it, and cut losses in a timely manner; preserving capital is the key.

9. For short-term trading, look at the 15-minute K-line chart; the KDJ indicator can help you find good buying and selling points.

10. There are countless trading techniques; mastering a few practical ones is enough; don't be greedy and bite off more than you can chew.

The year 2024 is coming to an end, where is the next stop for the crypto world? Has the end of the bear market finally arrived?

This year, the crypto world has experienced a large-scale reshuffle; some have chosen to exit, while others have chosen to lie low. But opportunities always belong to those who plan ahead!

Historical data tells us that the second year after each halving often serves as a catalyst for a new market. Will we see this pattern repeated? It might be a roadmap of first rising BTC, then expanding to mainstream coins and emerging sectors.

Global regulation is accelerating; although it seems tightening, the compliant market has paved the way for institutions to enter. BlackRock's ETF is just the beginning; in the future, more traditional capital may fully invest in Web3. Large institutions are paying attention to these directions; what are you still hesitating about?

The bear market is a time for accumulation, while the bull market is the time for realization.

This time, I choose to heavily invest in the BTC ecosystem and the AI sector; what about you?

12/30 Thought:

The one-hour chart of Bitcoin shows that after a price pullback to the 93000 level, there hasn't been a significant rebound. Although there is upward pressure, the overall trend has not changed. The previously stubborn resistance at the 93500 level has been successfully broken, and the next focus may be on the strong support at 92000. Currently, the price has not fallen below 93000, indicating that the bottom support is still effective. From a technical indicator perspective, there is still potential for a rebound in the short term.

Operation Suggestion:

Bitcoin: Watch 93000-93500, look for 95000-96000, protect 92800

(The market is volatile and for reference only!)

Ideas on 12/29:

Daily chart of big cake, after continuous negative, a small positive K is collected. The rebound strength has not been strong, and the pressure is still concentrated around 97000-98000. The attached indicator is shrinking, and the passivation phenomenon is obvious. It is unlikely to break in the short term, and it is likely to maintain a small range of fluctuations. In the 4-hour line, the price rebounded to the EMA15 trend pressure level and then fell back. Pay attention to the resistance of the middle track 96000. If the rebound does not break, it can still be short. Pay attention to the 92500 line below.

Operation suggestions:

Big cake: 95500-95000 short, watch 94000-93500, and guard 95700

(The weather is changing rapidly, for reference only!)

Five Key Laws of Cryptocurrency Trading

Law One: Rapid Rise and Slow Fall Indicate Accumulation

When the price rises sharply and falls slowly, the market maker is accumulating for future price increases.

Law Two: Rapid Fall and Slow Rise Indicate Distribution

When the price falls quickly and rises slowly, the market maker is distributing, and the market will enter a downtrend.

Law Three: Volume at the Top Indicates Caution

When volume is high at the top, the price may still have momentum, so there is no need to sell quickly; if there is no volume, it indicates the loss of momentum, and it is advisable to exit quickly to avoid risk.

Law Four: Volume at the Bottom Indicates Caution

If there is only volume at the bottom, it may indicate a pause in the downtrend, so buying is not advisable; if there is sustained volume, it indicates capital inflow, and entering the market can be considered.

Law Five: Trading Cryptocurrency is Trading Emotions

Trading cryptocurrency involves trading market sentiment; trading volume reflects market consensus and investor behavior patterns, which dominate price fluctuations.

You don't need to pay too much attention to those who daily "warn about risks."

Risk objectively exists; they keep shouting, and one day they will shout correctly. Just like the tale of the boy who cried wolf, eventually the wolf will actually come.

But the question is, what difference does it make if they are right? This industry is inherently high-risk, and profits come from that risk.

In fact, most of those who constantly emphasize risks hesitate three times even to buy BTC spot, and they are not on the same level as those who truly dare to "trade coins."

It is really important to distinguish what kind of person you are.

There are rules for the rise and fall of coin prices. If you want to compete with the dealer, you have to see through the mystery!

1. Rise fast and fall slowly:

If the coin price soars like a rocket, but slowly slides down, this is often the dealer absorbing funds at a low price. They deliberately let the price slowly adjust, so that retail investors are eager to sell, so as to "pick up bargains". Don't panic at this time, observe the changes in volume and price, maybe the next wave of market is on the way.

2. Fall fast and rise slowly:

If the coin price falls like a waterfall, but rises like a snail, you have to be vigilant. This may be that the dealer is quietly shipping at a high level. When retail investors find something wrong, the bear market may have come. Don't be confused by slow growth, learn to stop when you are ahead.

Is the raging bull market you expected really here?

Many people believe that a bull market should see all cryptocurrencies rise steadily without any pullbacks, but this idea is overly simplistic.

Looking back at the rhythms of previous bull markets, we can see that:

In the early stages, the market is led by Bitcoin.

In the mid-stage, Bitcoin continues to dominate, followed closely by Ethereum and altcoins, with strong and hot sectors performing exceptionally well.

In the later stages, Bitcoin reaches its peak and enters a wide-ranging fluctuation, with Ethereum driving the entire altcoin market to complete the final surge.

Therefore, the performance of a bull market is not a smooth sail, but rather has its specific rhythms and phases.

12/28 Strategy:

The big coin attempted to break through the upward pressure level yesterday but failed to do so, dropping to around 93500 before rebounding to around 94800, and then entering a narrow range of fluctuations again. The current price is around 94300. From the 4-hour chart, the big coin is alternating below the middle track but has shown signs of a pullback. Based on the current situation, we should temporarily avoid a one-sided breakthrough strategy and instead adopt a buy low, sell high approach between the resistance and support levels.

Trading Suggestions:

Big Coin: 93500-94000 range, looking at 95500-96000, with a stop at 93200

(Conditions change rapidly, for reference only!)

Ideas on 12/27:

In the 4-hour chart of the big cake, the price ratio plunged under pressure and repaired sideways. Although there was a certain stop in the decline, there was no significant recovery. The volume could not be promoted. The slow recovery was the best proof. It was difficult to have a strong rebound in the short-term adjustment. The volume of the double head could not push the price ratio up, and it was in a weak sideways state. The repair lasted for a long time, but there was no sign of strength.

Operation suggestions:

Big cake: 96800-96500 short, watch 95500-95000, and guard 97000

(The air is changing rapidly, for reference only!)

12/27 Early Morning Thoughts:

The technical analysis of Bitcoin indicates that the price comparison has been continuously declining, suggesting that this week will mark the end of the bearish forces. This pullback is actually a golden opportunity to enter the market at low levels, indicating that the price comparison is making its way towards the 100,000 mark, with upward momentum still strong. Currently, the short cycle in the cryptocurrency market has shown signs of warming, and the pullback is limited, requiring only further time to adjust. In terms of strategy, we will continue to adopt a low-risk approach.

Operational Suggestions:

Bitcoin: 95,000-95,500, looking at 97,000-98,000, with a stop-loss at 94,800

(The market is constantly changing, for reference only!)

Many people say how the bull market is, but in reality, trading has nothing to do with whether it’s a bull market or not.

It’s just a trend that allows you to make money, but how many people lie down after a pullback? Money earned by luck will ultimately be lost by strength.

If we really talk about the bull market period, these past few years have been the most volatile time, and also the best time to make money. As more and more retail investors come in, institutions will also enter, leading to higher liquidity and higher exposure.

In the cryptocurrency world, who hasn't been trapped at some point? But the key is, how to break free! I have two practical strategies to share with everyone.

The first strategy is to respond flexibly based on the depth of your position. For example, if you're only slightly trapped, take advantage of a rebound to quickly reduce your holdings by half, locking in some profits. If you're deeply trapped, buy in batches to lower your costs. When the market turns, you'll break free quickly, provided you're investing in mainstream coins.

The second strategy is to identify the trend direction. Once you've confirmed a downward trend, decisively cut losses to avoid greater losses if you're trapped. If you're trapped during market fluctuations, you can wait until it peaks before selling to make a small profit from the price difference.

Of course, you can also hold firm. The prerequisite is that it should be mainstream coins.

Before buying, think clearly about whether you're doing short-term or long-term trading; if you misjudge the direction in short-term trading, you will incur losses. Don't get trapped into holding long-term!

Cryptocurrency Cold Knowledge: Hidden Wealth Secrets

In the world of cryptocurrency, there are many little-known cold facts and techniques that actually have a profound impact on investment.

1. Cost Averaging Is Not Easy

If you invest 10,000 U at a price of 10 U, and when the price drops to 5 U you add another 10,000 U, the average cost should be 6.67 U, not the 7.5 U that most people mistakenly believe. Understanding this calculation is essential for proper position management.

2. The Compounding Effect Is Astonishing

If the initial capital is 100,000 U, and you exit every day after earning 1%, after 250 trading days in a year, your assets will skyrocket to 1,323,200 U, and if sustained for two years, could potentially exceed 10 million. However, this requires a stable rate of return, which is quite challenging to achieve continuously.

3. Take Profit and Stop Loss Are Closely Related to Probability

With a success rate of 60% in investments and a 10% take profit/stop loss margin, after 100 trades, the total return rate could reach 300%. But it is crucial to stick to the trading plan and maintain emotional control amidst market fluctuations.

4. Greed Is a Major Investment Taboo

Starting with 10,000 U, if you earn 10% each time, theoretically you can reach a million in 49 days, exceed ten million in 73 days, and break one billion in 97 days. However, in reality, most people fail due to their inability to suppress greed, making it difficult to maintain profits over the long term.

Understanding these key points may allow for a more composed investment journey in the cryptocurrency space, increasing the chances of success.

Provide short ideas within the day, already over 1000 points, harvest on your own!

12/26 Strategy:

The Bitcoin daily chart shows two consecutive bullish candles, and this morning it formed a hammer candle with a longer lower shadow. The price has tentatively broken the middle track, and the Bollinger Bands are extending parallel. The KDJ lines are turning upwards at a low level, initially forming a golden cross, while the MACD volume is gradually decreasing, indicating that the daily chart has stopped declining! Looking at the 4-hour chart, the Bollinger Bands are moving upwards, with the price operating below the upper band. The KDJ lines are turning downwards at a high level, initially forming a death cross, and the MACD dual lines are moving downwards at a high level, with decreasing volume, suggesting a potential pullback!

Trading Suggestions:

Bitcoin: Short at 99700-99500, look for 98000-97000, with a stop at 99900

(Trading conditions are constantly changing, for reference only!)

Are young people obsessed with cryptocurrencies, dreaming of getting rich overnight? Wake up!

Nowadays, many young people are particularly interested in investing in cryptocurrencies, all harboring the thought: make money quickly. There are countless stories online about someone who bought luxury cars and mansions with cryptocurrencies, making it sound like they got a great deal. But you should know that in most of these stories, nine out of ten are exaggerated.

In the cryptocurrency world, the truth is that most people suffer significant losses, with some losing everything. Yet, some people just don't believe it, always thinking they too can get rich overnight. Those enticing tales of wealth are mostly designed to trick you into participating, so that those behind the scenes can profit. Think about it, if someone really made money, who would go around showing off?

Especially in cryptocurrency trading, the rules are lax, and those flaunting wealth are either guilty of something or trying to drag others down with them. Making money in this field is not that easy, and most people end up leaving in tears. Investment requires real skill and professional knowledge; it cannot be achieved by just spinning a few stories or playing tricks.

For us ordinary investors, with limited money and skills, trying to make a name for ourselves in this field is tough! So, if you really want to give cryptocurrency investment a try, first honestly learn the basic knowledge, master investment techniques, and accumulate experience step by step. Only then is there a possibility of tasting some success. Stop always thinking about shortcuts; it's better to think less about things that seem too good to be true.