The journey in the crypto space is long, and I wish everyone takes fewer detours and experiences fewer tragedies! I have been persistent in creating content on Zhihu after achieving financial freedom. Many people don’t understand why, after achieving financial freedom, I still do these things.
I have also asked myself the same question. In the process of rediscovering my original intention, one reason is for my heroic dream. I dedicate everything to trading and have cultivated extraordinary skills, not wanting to be unknown or unrecognized!
On the other hand, I want to provide a pathway for those who are eager to learn. What I gain in the market is also a process of giving back to the market. The way of nature reminds me of how I struggled for over half a year due to issues with excessive leverage. I had no reference paths to learn from; I could only review the K-line over and over again, day and night, crawling and struggling to get to where I am now. I deeply understand the difficulties faced by novice retail investors in the crypto space and can empathize more.
In the crypto space, there’s a tempting saying: even if you only have 1000 yuan, as long as you can correctly guess three ‘tenfold coins,’ you can transform into a millionaire. This is not a fantasy, but a small flame in the hearts of many cryptocurrency players, burning brightly.
Imagine starting with 1000 yuan, first turning it into 10,000, then into 100,000, and finally reaching 10 million. This is like a triple jump in life, with each step making your heart race and blood boil. This is not just a simple number game; it represents the process of continuously breaking through oneself and challenging limits.
To achieve this goal, you need three ‘golden ideas’—that is, to find three coins that can increase tenfold. This requires real skill, a sharp eye, accurate judgment, and a bit of luck. Every time you find such an opportunity, it's like striking gold; you must cherish it, operate it well, and try a few times until you succeed.
Of course, it's easier said than done. The crypto space is unpredictable; today it might be a hot topic, but tomorrow it could be ignored. Therefore, we need to keep our eyes open, learn more, and observe more, like vic, banana, id, sui, sol, apt (these are just examples, don’t rush to buy them), who knows which one might be the next big hit. But remember, investing requires using your brain, not just relying on feelings.
To join this thrilling game, you need to have a big heart that can withstand the storms. Don’t be afraid of challenges; if you feel you can’t fight, just join in and pan for gold together in this ocean of digital currency. But don’t forget, risk and opportunity always come hand in hand. Rational investing is the way to go, as that’s how you can steadily steer your little boat toward wealth.
Retail investors, wake up! Poor position control makes even the best techniques useless.
In investing, many retail investors often overlook a key factor—position control. In fact, very few retail investors can truly master position control.
Making money is not about luck; it’s about the long-term accumulation of experience and skills. If position control is not managed well, you can really lose to the point of questioning life. Position control is crucial for investment survival, unless you don’t care about liquidation at all. Especially with the recent market volatility, with fluctuations of over 10,000 points in a single day, one must ask how many people’s positions can withstand such shocks. Always remember, only by surviving in the market can you have a chance to profit!
In trading, the importance of position control is just as crucial as technical analysis. No matter how skilled the technique, if position control is poor, everything is in vain. After opening a position, where should the forced liquidation line be set? Can each trade achieve a high risk-reward ratio? Is there enough room for additional investment? These questions are crucial.
Investing is not something that happens overnight. Don’t always think about getting rich quickly or making a huge profit in one go. Position control is a long-term process; there’s always money to be made in the market, but it’s also very easy to lose everything.
Assuming you start with a capital of 100u,
The first trade was made with a position of 10% (i.e., 10u), and after successfully taking profit, the funds grew to 130u.
During the second operation, I used 10% of the current funds (i.e., 13u) as the position, but this time I encountered a stop-loss, causing the funds to fall back to 117u.
On the third attempt, I again used the previous position ratio (still 13u), and this time successfully took profit, increasing the funds to 156u.
In the fourth investment, I increased the position to 16u (about 10% of the current capital), once again achieving a profit, and the final account balance reached 204u.
When opening a position, always follow the strategy to manage the position:
For example, if the entry price is 2685 (using 10% of the capital), then increase the position when the price rises to 2695 (also using 10% of the capital). At the same time, set the stop-loss at 2705. For a more aggressive approach, you can use a staggered buying method, investing 7% of the position each time. The advantage of this method is that it provides a better risk-reward ratio, such as reaching 1:1.5 or even 1:2.6.
When nearing the take-profit target, about 5-10 points away, you can choose to close 70%-80% of the position, while raising the stop-loss line by 5-10 points. If the price does not break through this new stop-loss point, continue to hold; once the breakthrough does not meet expectations, gradually reduce the position, closing 70% of the position at each key resistance level and adjusting the stop-loss accordingly.
If you're lucky, through 2-4 consecutive profitable operations, you could significantly increase your total capital. This method considers both risk control and maximizing returns.
