From Tuesday's live stream to today, Ziqi has made over a hundred thousand in profits.
After communicating with her for a long time, I initially opposed trading contracts. After just learning, I frequently made mistakes in spot trading, for example, selling SOL at 136, then anxiously buying at 144 without controlling my position, ultimately missing out on SOL below 100. I didn't fully grasp some of the techniques, and in the end, I taught her the simplest combinations of buy and sell points; the complexity of contracts far exceeds that of spot trading.
Later, I gradually stopped opposing it. We're all adults and take responsibility for our actions; if we lose, we acknowledge it; if we make a profit, it's ours. As a teacher, what I can do is help her review her mistakes, interpret the news she doesn’t understand, and analyze trends she struggles with. Surprisingly, this approach has worked exceptionally well.
Let me summarize her trading experience; I do not recommend everyone to trade contracts.
1. Mindset
Her mindset is better than many others. If you’ve listened to her live stream, you know her experiences, so when there are fluctuations of hundreds of thousands or millions, her heart doesn’t even tremble. Many people can't manage this; they scare themselves. Plus, having entered the market in 2013 gives her an advantage due to her rich experiences.
2. Technique
Initially, she relied on her instincts, and even after studying, she didn’t fully absorb it. I designed a specific method tailored to her characteristics, while also predicting the trends of Bitcoin when trading SOL and DOGE.
3. Targets
She only trades SOL, and at most adds a DOGE, because she is very familiar with these two; their trends are all in her mind.
4. Position and Strategy
She trades with 3-5 accounts simultaneously, opening positions one by one. For instance, shorting SOL at 150, and for the next account, shorting at 152 based on technical analysis. Each point is different to ensure overall profitability; ideally, all accounts are profitable. Typically, she buys in at 30-100 times leverage. She controls the liquidation points and trends well, and keeps adequate margin.
5. Luck
Wealth luck is quite mystical, but it indeed exists; I can’t explain it, and sharing it with fellow traders won’t help them replicate or learn. In terms of operation, it’s all about feeling.
6. Assistance
I explain the rules of contracts, the risks, and help confirm directions, but ultimately, it’s up to her.
Follow-up
Trading contracts can be quite tough; staying up late is normal, and one has to keep a close watch on the market. Earning tens of thousands in a day is indeed hard work.
A portion of the profit is used to hold SOL, a part for cashing out, and a part to increase capital. Buying hardware wallets to store SOL; with such a large amount, safety comes first.
Continue trading contracts; be responsible for yourself and bear your own profits and losses.
Cherish life and stay away from contracts!