悟道
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How to Turn Things Around? (The Strongest Mentality in the Coin Circle)
I am from Changsha, Hunan. Because of trading coins, I just experienced a divorce in 2024, losing my wife and children, and almost losing my life...
Using children as leverage during a divorce, threatening and enticing... I almost got so angry that I had a brain hemorrhage. Fortunately, I did not get too entangled at that time.
Don't even talk about turning things around; holding on during the toughest times is already a difficult task!
This answer is relatively long; if you can't read it, just scroll to the end of the article. There is a sentence here that is my hard-won lesson and experience from over a decade of investing and trading, worth millions! It needs to be understood repeatedly.
I have experienced several dark moments, but ultimately I still had ups and downs. I have experienced earning hundreds of thousands in a month, and I have also experienced making 3 million in a month, as well as going for years with only a few tens of thousands.
Using children as leverage during a divorce, threatening and enticing... I almost got so angry that I had a brain hemorrhage. Fortunately, I did not get too entangled at that time.
Don't even talk about turning things around; holding on during the toughest times is already a difficult task!
This answer is relatively long; if you can't read it, just scroll to the end of the article. There is a sentence here that is my hard-won lesson and experience from over a decade of investing and trading, worth millions! It needs to be understood repeatedly.
I have experienced several dark moments, but ultimately I still had ups and downs. I have experienced earning hundreds of thousands in a month, and I have also experienced making 3 million in a month, as well as going for years with only a few tens of thousands.
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#悟道 I feel enlightened.
Challenge from 50u to 5000u on the first day
50u is the remaining loss.
I've been playing intermittently for 2 years, always in a state of loss.
Posting this challenge is to remind myself to control my positions, not to hold onto losing trades, and to be cautious when buying.
Challenge from 50u to 5000u on the first day
50u is the remaining loss.
I've been playing intermittently for 2 years, always in a state of loss.
Posting this challenge is to remind myself to control my positions, not to hold onto losing trades, and to be cautious when buying.
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Unable to sleep, suddenly enlightened, updating a pinned message:
1. The trading market is a chaotic system (a term from logic), influenced by countless factors, so candlestick charts can only summarize past occurrences and cannot accurately predict the future. It's like humans cannot accurately predict the weather a week from now.
2. The emergence and digestion of market information will cause all factors to trend towards a single direction, so you should pay attention to periodic news and sudden news.
3. Because it is a chaotic system, theoretically your profits depend on mathematical probabilities, whether going long or short.
4. In essence, the probability here is actually the win rate and the profit-loss ratio.
5. Please pay attention to calculating the actual mathematical expectation of profits, for example, a win rate of 90% with a profit-loss ratio of 1:4. In reality, the mathematical expectation of profit is 1*0.9=0.9, and the mathematical expectation of loss is 4*0.1=0.4, so even if the unpopular approach of 'take profit and run, endure losses' is used, as long as the mathematical expectation calculation is reasonable, you can achieve stable profits.
6. So why do all the 'coaches' and 'financial bloggers' tell you that Martingale is doomed?
7. A. Because when you made a profit using 5x leverage, you unfortunately used 10x leverage when losing this time, the overall mathematical expectation will be negative, so try to maintain consistent leverage.
B. When your assets grow to 100k, a 40% drawdown means you lose more money, your resolve is shattered, emotions affect your win rate, and the overall mathematical expectation changes again.
C. Classic mathematical expectation requires a sufficiently large number of occurrences, which means you need a sufficiently long trading career. If you unfortunately fall to a very low asset level, do you have enough time to recover?
-----
Do not get tangled in their claims that the profit-loss ratio must be positive, do not disdain a 1% profit, beating fees, a more stable win rate, and reasonable mathematical expectations are the essence. (This does not mean you shouldn't use stop-losses; try using wider stop-losses.)
#悟道
1. The trading market is a chaotic system (a term from logic), influenced by countless factors, so candlestick charts can only summarize past occurrences and cannot accurately predict the future. It's like humans cannot accurately predict the weather a week from now.
2. The emergence and digestion of market information will cause all factors to trend towards a single direction, so you should pay attention to periodic news and sudden news.
3. Because it is a chaotic system, theoretically your profits depend on mathematical probabilities, whether going long or short.
4. In essence, the probability here is actually the win rate and the profit-loss ratio.
5. Please pay attention to calculating the actual mathematical expectation of profits, for example, a win rate of 90% with a profit-loss ratio of 1:4. In reality, the mathematical expectation of profit is 1*0.9=0.9, and the mathematical expectation of loss is 4*0.1=0.4, so even if the unpopular approach of 'take profit and run, endure losses' is used, as long as the mathematical expectation calculation is reasonable, you can achieve stable profits.
6. So why do all the 'coaches' and 'financial bloggers' tell you that Martingale is doomed?
7. A. Because when you made a profit using 5x leverage, you unfortunately used 10x leverage when losing this time, the overall mathematical expectation will be negative, so try to maintain consistent leverage.
B. When your assets grow to 100k, a 40% drawdown means you lose more money, your resolve is shattered, emotions affect your win rate, and the overall mathematical expectation changes again.
C. Classic mathematical expectation requires a sufficiently large number of occurrences, which means you need a sufficiently long trading career. If you unfortunately fall to a very low asset level, do you have enough time to recover?
-----
Do not get tangled in their claims that the profit-loss ratio must be positive, do not disdain a 1% profit, beating fees, a more stable win rate, and reasonable mathematical expectations are the essence. (This does not mean you shouldn't use stop-losses; try using wider stop-losses.)
#悟道
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Seeing a poem, concise and powerful, short in content but profound:
Alley,
Curved and long,
No door,
No window,
You hold an old key,
Knocking on the thick wall.
---------------------《Alley》
You should not overestimate yourself,
Countless times of liquidation or losses have proven that you are not the chosen one,
There should not be too much idealism,
Unexplainable idealism.
Coming to this market,
Isn't it just to make money?
Is it to prove oneself,
To realize one's value?
Apart from repeated liquidations, going to zero, being defeated by the market, what value do you have to realize?
You are just an ordinary person,
Not someone with extraordinary talent,
You come to this market to make money,
Relying on the market's inherent trends.
Everyone has their own moments of recognition and ability,
The market is always over there,
But the opportunities suitable for you are not always over there.
You suddenly realize,
Understanding this market seems to have no end,
In this financial (crypto/stock) market,
You witness the practice,
See the world,
See all beings,
See yourself,
And the moment of enlightenment,
Is the moment of seeing yourself.
You finally admit,
You finally have the courage to boldly admit,
That you are just an ordinary person.
Not someone with exceptional talent.
When you truly let go of this heart,
You have truly entered the first gate of enlightenment.
Crossing this threshold,
The first threshold.
You feel that you have crossed it, which is to fully respect trading.
Respect the market and hold it in awe.💪💪💪💪
#悟道 #山寨季何时到来？
Alley,
Curved and long,
No door,
No window,
You hold an old key,
Knocking on the thick wall.
---------------------《Alley》
You should not overestimate yourself,
Countless times of liquidation or losses have proven that you are not the chosen one,
There should not be too much idealism,
Unexplainable idealism.
Coming to this market,
Isn't it just to make money?
Is it to prove oneself,
To realize one's value?
Apart from repeated liquidations, going to zero, being defeated by the market, what value do you have to realize?
You are just an ordinary person,
Not someone with extraordinary talent,
You come to this market to make money,
Relying on the market's inherent trends.
Everyone has their own moments of recognition and ability,
The market is always over there,
But the opportunities suitable for you are not always over there.
You suddenly realize,
Understanding this market seems to have no end,
In this financial (crypto/stock) market,
You witness the practice,
See the world,
See all beings,
See yourself,
And the moment of enlightenment,
Is the moment of seeing yourself.
You finally admit,
You finally have the courage to boldly admit,
That you are just an ordinary person.
Not someone with exceptional talent.
When you truly let go of this heart,
You have truly entered the first gate of enlightenment.
Crossing this threshold,
The first threshold.
You feel that you have crossed it, which is to fully respect trading.
Respect the market and hold it in awe.💪💪💪💪
#悟道 #山寨季何时到来？
See original
A Novice's Guide to Cryptocurrency Trading
When I first entered the market, I only saw the rising and falling numbers, and my heart rate fluctuated violently with the K-line. When greedy, I always wanted to go all-in, hoping to achieve financial freedom in one fell swoop; when fearful, I panicked and cut my losses at the lowest point. After many nights of staring at the market and regretting my decisions, I gradually realized that the essence of trading is not to predict the market, but to tame one's own inner demons.
The market is like a sea, with turbulent waves, but the real risk lies not in the market, but in the human heart. Those who chase highs and kill lows will eventually be swallowed by emotions; those who blindly believe will often be crushed by trends. Only by breaking free from obsession can you see clearly: rise is a process, and fall is also a process. The true way lies in "non-confusion".
After enlightenment, one realizes that trading is like cultivation:
- Patience is more important than technology, waiting for your own opportunities, rather than acting frequently.
- Discipline is more important than prediction, stop-loss without hesitation, and stop-greed without delay.
- Being out of the market is also a state of mind. There are always opportunities in the market, but you only have one principal.
In the end, I discovered that trading is not a shortcut to wealth, but a training ground for cognition and mindset. One day in the crypto world is like a year in the human world. Behind the myth of sudden wealth are more silent lessons. Only by maintaining awe can we survive for a long time.
—— The market has no teacher, only those who cross themselves succeed.
#悟道
When I first entered the market, I only saw the rising and falling numbers, and my heart rate fluctuated violently with the K-line. When greedy, I always wanted to go all-in, hoping to achieve financial freedom in one fell swoop; when fearful, I panicked and cut my losses at the lowest point. After many nights of staring at the market and regretting my decisions, I gradually realized that the essence of trading is not to predict the market, but to tame one's own inner demons.
The market is like a sea, with turbulent waves, but the real risk lies not in the market, but in the human heart. Those who chase highs and kill lows will eventually be swallowed by emotions; those who blindly believe will often be crushed by trends. Only by breaking free from obsession can you see clearly: rise is a process, and fall is also a process. The true way lies in "non-confusion".
After enlightenment, one realizes that trading is like cultivation:
- Patience is more important than technology, waiting for your own opportunities, rather than acting frequently.
- Discipline is more important than prediction, stop-loss without hesitation, and stop-greed without delay.
- Being out of the market is also a state of mind. There are always opportunities in the market, but you only have one principal.
In the end, I discovered that trading is not a shortcut to wealth, but a training ground for cognition and mindset. One day in the crypto world is like a year in the human world. Behind the myth of sudden wealth are more silent lessons. Only by maintaining awe can we survive for a long time.
—— The market has no teacher, only those who cross themselves succeed.
#悟道
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