Recently, I've gained some insights into trading and I'd like to casually chat with everyone.

I noticed that many people have a superficial understanding of rolling positions, thinking it's just about simply adding to profitable positions. In fact, the true essence lies in waiting for that "right moment".

Do you remember the Ethereum market last year? When it dropped from 4300 to 1700, 99% of people in the market were saying "it's over". But I noticed a detail: during the third retracement to 1700, the trading volume clearly shrank, which was the market telling you "it's not going to drop further". I only used 5% of my position to test it, and waited until it confirmed a breakout above the previous high before slowly increasing to 15%, ultimately catching that wave up to 3400.

To be honest, such opportunities only happen two or three times a year. Most of the time, the market is just playing tricks on people, looking like an opportunity, but once you enter, you get trapped. I have noted in my trading journal that last year, there were only two times truly worth acting; the rest of the time, I was just watching the show. The most ironic thing in this business is that the more you want to make money, the less you earn; when you can resist placing an order, money tends to come to you instead.

Speaking of leverage, I've noticed an interesting phenomenon. Many people's accounts get liquidated not because of high leverage, but because the timing of adding to their positions is wrong. The safe method is to start with a lighter first position and only add once there are profits. For example, if your initial position is with 5% leverage, after making 20% profit, you can increase it to 15%. This way, even if there is a pullback, it won't be devastating.

Lastly, to be frank, there is no holy grail in this field. Even the great Jesse Livermore fell in the end. What we can do is manage risk well and wait for that real big opportunity. Remember, the market is always there, but once your capital is gone, it's truly gone.