> All my major losses come after a big win when I didn't stop. > All my real big wins and the money I kept long-term > are because I caught a good trend once and then immediately stopped to live my life.
Pickle Cat
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If you want to stop losing money, please stop day trading immediately (this is not clickbait)
Because retail investors are essentially a structural scam. This article is a bit long, but if you are willing to give me 120 seconds, I guarantee you will thank me in a few years. I started trading when I was a teenager. I made a lot of money, thinking I was Batman. I also lost even more money, which hurt a lot, and even now I am still fixing the cracks from back then. I've tried all the strategies that retail investors can access. I even seriously day traded for a year, thinking I could finally turn things around, but the result was so miserable that just thinking about it still hurts.
How bad was my PNL at that time? Even my grandmother made more money than I did! And she just followed the method I taught her to automatically invest in Bitcoin.
Looking back at the trading records of the past two years, we can see that the big profits were made when the market was good, and they did not last long! Big losses, without exception, are all contracts! It's all, it's all, it's a contract! This also shows that I am not suitable for the contract! Although I think 99% of people in the entire market are not suitable for contracts! But there are always those one in ten thousand people who make a lot of money in the contract market. I am very self-aware that I am not the 1%! So in summary, most of the time you make money because the market is feeding you, and you have to rely on your own knowledge to make money when the market is good. However, most of the time the market is not good or fluctuating, so most of the time you have to control it. Control the contract. If you can do this, you can guarantee that you will not lose much. If you can not lose much, then if you persist and encounter opportunities, won't you make money! The longer you live, the more opportunities you will encounter. If you lose a little today and lose a little tomorrow, your principal will be lost. What can you earn?
Binance should delist those air clone coins every day to bring liquidity back to Bitcoin! So that the retail investors' money won't be completely taken away by the clones.
王大锤锤
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The market value of coins on alpha is now below 100,000. Is there still a need to look at altcoins? They are all air and can be traded on Binance; it's all gambling. How many altcoins can have a market value of tens of thousands? So stop playing with altcoins; aside from Bitcoin, all other coins are just to get your USDT to exchange for your Bitcoin.
The market value of coins on alpha is now below 100,000. Is there still a need to look at altcoins? They are all air and can be traded on Binance; it's all gambling. How many altcoins can have a market value of tens of thousands? So stop playing with altcoins; aside from Bitcoin, all other coins are just to get your USDT to exchange for your Bitcoin.
Contracts are accelerators; spot trading doesn't necessarily make money with contracts! Contracts that lose money on spot trading accelerate losses, and those who can make money from contracts are rare to come out unscathed! Look at these big shots; their endings are all the same. Who hasn't made money in contracts before? During the glorious times, opening positions were in the hundreds of millions, but nowadays, even a few thousand dollars is worth a thrill 😂 This is an illness that needs treatment.
In a volatile market, the price may not change much in the end, but your principal will surely be depleted through repeated chasing highs and cutting losses. Even if you are exceptionally talented and do not lose money from chasing highs and cutting losses, most of your principal will still be worn away by transaction fees.
-$BTC The entire market is relying on MicroStrategy to drive the price, and only MicroStrategy is doing so. So the question arises, when MicroStrategy is not buying, is it in free fall? Is MicroStrategy unlimited bullets?