"Liangxi"'s story should be well-known to many. He once made a lot of money, but also lost tens of millions. This year, he has money again, going from broke to suddenly having millions, even tens of millions. Overall, he has also paid off a considerable amount of debt this year.
But he is still in this market, full of passion, decisive in actions.
What I admire is not his "Gambling God" persona, but his unyielding spirit and fighting mentality that keeps coming back.
The cryptocurrency world is a magical place—there are always people willing to lend him money to continue gambling. Perhaps, he has long since become more than just a person, but a symbolic existence.
"How skilled is Liangxi's technique?" It's hard to define.
If you demand him by the standard of "skills," many of his operations may not comply; however, if you judge by results, he has walked out of the abyss countless times.
Many people, after losing money, always blame it on "their skills not being up to par." But is trading really a technical job?
In my view, trading is more about betting on a reference point in your heart—a standard, or a belief. In simple terms, sometimes skills are just a thing to make you feel more secure; real trading is not always so logical.
This is why Liangxi is either playing with planes or slitting his wrists, or drinking pesticide. If you want to learn his operations, you might first need to become a neurotic to understand what he is thinking!
As early as two years ago, Liangxi was still rolling in the mud, continuously losing, deeply trapped in the low point of his life. At that time, everyone scolded him as a gambler, a laughingstock of the market.
And today, many people call him a "genius trader."
His "genius" is not reflected in formulas or indicators, but in three almost innate traits:
1. Extremely abundant energy
Liangxi can sleep only 10 hours a week and still stay alert to monitor the market. For short-term traders, physical stamina and focus are fundamental. Constantly monitoring the market, reacting quickly, staying up late to seize opportunities—without abundant energy, it's hard to endure.
This kind of energy is innate; can you do it?
2. Exceptionally bold
He dares to use 50 times leverage for positions worth tens of millions or even hundreds of millions, switching between long and short. While others fear volatility, he dances in the storm. It's not that he's not afraid of losses, but he's tough enough.
This kind of courage is innate; can you do it?
3. Unconventional nonchalance
He can win or lose tens of millions in a day, yet still laugh and continue to the next round. Treating money as "fun beans" to play with; you wouldn't even dare to gamble like that with game currency, would you?
This kind of nonchalance is innate; can you do it?
"Liangxi" succeeds not because of his extraordinary skills, but because he is the type of extreme individual that can survive and turn things around in this market.
Of course, you still need to learn and understand basic skills, as this is the threshold for participating in trading. But if you want to win, what you should learn is not the "logic behind candlesticks," but something like Liangxi's:
Full of energy;
Dare to go all in, dare to take big positions;
Can afford to lose and can let go.
Alright, let's wrap up the topic of Liangxi. I'll chat with everyone again next time!
Next, let's talk about: which is more suitable for us, contracts or spot trading!
1: When it comes to contracts, one must think of Liangxi, as he is well-known for trading contracts in the cryptocurrency world. His trading style is something that most people really can't replicate; he opens and closes positions back and forth in a day, just watch! After all, you are not him!
So, for retail investors playing contracts, the outcome is either liquidation or on the path to liquidation. They are easily trapped and easily liquidated. Many people ask me what to do if their position is trapped; I can only suggest that you must always set a stop-loss. If you don't have the life of Liangxi, you can only minimize your losses. If the direction is wrong and your position is trapped, you must be decisive: cut losses if you need to, take profits if you need to, and never be greedy!
I also played contracts before, but after going through some events, I decisively gave up on contracts. If you make 9 profitable trades out of 10 in contracts, one wrong trade nullifies all previous efforts!
2: Spot trading: One of the most talked-about phrases before the last halving of Bitcoin last year was 'Hold it tight, hold it dead, hold it until death.' After the halving, the market fell all the way down. Many people kept buying the dip and ended up fully trapped. Why did you end up fully trapped?
Have you ever asked yourself if there is a problem with your strategy, or have you listened to some random things from others, increasing positions and averaging down, which led to you not having capital to enter the coins you liked later? Watching your trapped coins every day, feeling depressed!
Here, it's not sarcasm; it's the plain truth. Do the right things with the right people. With the wrong people, no matter how hard you work, it's all in vain!
Last year, I told everyone to reduce positions by 60%-70%. I also told everyone in the group to reduce positions. I searched for a long time for the chat records but couldn't find them. The remaining positions were all profits. The capital could be used to operate other coins at any time. The trapped coins can be held with profits, and keeping them for a few years is not a problem. When a bull market comes, the more coins you have, the more valuable they will be!
There are a few obvious statements in the image: all cryptocurrencies have reduced their positions by 60-70%. Why hold ETH? At this point, some people have begun to question.
Damn it, they have been criticizing ETH from last year to this year, an unhelpable figure. The bad deeds from the last life, you are paying for them by buying ETH in this life.
Play by the rules, make noise with the rules, criticize the rules; I still believe in ETH. There’s a saying: the ETH you look down on now, you won't be able to afford in the future!
I have always been very confident in the cryptocurrency market and have always been optimistic about it, especially ETH. Let the storm come stronger!
Conclusion:
After experiencing some processes and events, between contracts and spot trading, I choose spot trading. Contracts are a gambler's play, thinking about getting rich overnight, but how many people have achieved that?
Some people say that spot trading has fallen to the ground. Can't spot trade? It's not that you can't trade; it's that you don't know how to trade. When you make a profit, you don’t run away. You are always so greedy, clearly in profit, but you insist on holding until you reach your target price; you want to make several times more. In the end, the market washes you out clearly!
Listen to me, buddy. It's not that you can't do it; look for reasons within yourself. Is there a problem with your trading strategy, or have you just not found the right person!
Alright, that's all for now. Hope this helps you.