On October 29, 2024, the Weibo user named Bit Langlang officially announced his withdrawal from the cryptocurrency circle, disbanded all group chats, deleted all previously posted videos, and will gradually retreat from the internet, occasionally sharing market views on Weibo. On any platform, there are no communities, no contracts, no trading signals, and no disciples, hereby declared.
Bit Langlang, with a capital of 1000 USD, achieved a 10,000-fold feat over 2 years.
Honorably withdrew from the cryptocurrency circle. Before him, Bit Emperor, Fatty Bitcoin, Legend of Love Coins, and Ban Mu Xia have all exited the cryptocurrency circle. The cryptocurrency circle is a magical place, full of dreams and passions, a place where ordinary people can achieve success.
The chosen one, Langlang, a model for us, a journey of ten thousand times, complete! This round of Bit Langlang earned ten thousand times in this bull market and exited the circle. Langlang struggled for 5 years, wandering between heaven and hell for years, experiencing bankruptcy and falling into the abyss several times, confused but persistent.
Do not have the mentality that you can make money in one or two years of trading; eliminate this idea thoroughly. Recognize that it takes at least five years of hard work in the trading world to have a chance to make money, and you must have the talent to study tirelessly every day to achieve stable profits.
Let's recall the quotes from Bit Langlang. A wave of market, a trade, regardless of success or failure, in a long personal career, a million-dollar trade is just a drop in the ocean. Do not be elated by a single success, nor be overly distressed by a single failure. A calm heart is always the strongest weapon for a professional trader. When a person becomes impatient, blind, fearful, and anxious due to market and asset changes, whether they earn or lose, they have already lost; the waves of the market will infinitely amplify personal emotions. After exhausting a person, it will deal a fatal blow.
Every time I see others retreat, cryptocurrency traders feel ashamed. Today, seeing Langlang's post reminds me of the past Bit Emperor, Love Coins, Ban Mu Xia; they were once the strong tonic of this market and gave hope to brothers during low periods. As a guiding light for new traders in the cryptocurrency circle, Langlang is forever a god! Ten thousand times! Worship! How many confused nights did Langlang give the new traders in the cryptocurrency circle the confidence to persist? Thank you, Langlang! Moving towards the goal!
The core of Bit Langlang's trading is how to survive in the trading market. His strategy is very suitable for beginners, while the strategies of Bit Emperor, Ouyang Zhuai Bai, and Bit Fatty are all breakout strategies, which are not suitable for beginners because breakout strategies are about killing 1000 enemies while self-injuring 800, which tests human nature greatly. Therefore, Bit Langlang's strategy is very suitable for most new traders.
Bit Langlang's trading principles sharing.
Some varieties may seem to have large fluctuations but show no patterns; they rise or fall without any signs of market forces, making such coins difficult to trade. It is advisable to trade less or give up.
Bit Langlang's specific trading philosophy consists mainly of the following parts.
Risk management. Capital safety, ensuring the safety of capital during the investment process is the primary principle, using reasonable risk control methods to protect funds. Set stop-loss points, establish clear stop-loss points, and decisively execute when reaching those points to avoid expanding losses.
Trend trading. Trend following, using trend-following techniques to capture the main market trends and act accordingly. Focus on large trends, prioritize participation in large trends, as these often bring greater profit opportunities.
Trading consistency. Repeating successful patterns, under the premise of manageable risk, continuously repeat successful trading patterns to improve trading stability and profitability. Uniform rules, formulate and strictly enforce uniform entry and exit rules, position management rules, etc., to reduce the interference of subjective judgment.
Patience and decisiveness. Be patient and wait for the right opportunity to arise when there is no clear trading signal.
Execute decisively, carry out the trading plan without hesitation or delay when a trading opportunity arises.
Technical analysis. Synthesize and use multiple technical analysis tools such as candlesticks, moving averages, and trading volume to evaluate market trends.
Multi-timeframe analysis, using multi-timeframe analysis, such as daily, weekly, monthly charts, to grasp the long-term and short-term trends of the market.
Emotion management. Strong self-control, maintaining calmness and rationality in trading, not being swayed by emotions. Emotional regulation, using appropriate methods to cope with stress and challenges in trading.
Continuous learning. Keep improving, maintain reverence for the market, and continuously learn new trading knowledge and skills.
Summarize and reflect, regularly summarize trading experiences and lessons learned, reflecting on gains and losses to continually improve trading skills.
Many new traders in the cryptocurrency circle may not be able to replicate his operations effectively after watching the video, mainly for the following reasons.
1. What Langlang can say differs from the actual situation.
2. What Langlang talks about also varies in how each person absorbs it.
3. Personal mindset, judgment, proficiency, and execution differ greatly from Langlang.
4. Understanding something personally and being able to execute it are two different things.
Regarding how to reduce losses, Langlang has three suggestions.
The first point is not to use high leverage. Using over 5 times leverage for altcoins and over 10 times for Bitcoin is considered high leverage. Using high leverage is always a dead end.
The second point is not to make counter-trend trades. If the market is rising and one wants to short, even if there are bears, one should tell oneself that this market cannot be traded. It is better to miss the entire market than to touch the top or attempt to catch the bottom.
The third point is to have logic in trading, not just looking at charts.
The vast majority of life scripts are not like the protagonists in novels, destined to be saved in desperate situations to change their fate. One must know that there have only been two such characters in this bull market: Ma Deshui and Bit Langlang.
Traders are now feeling desperate about trading; can one feel despair when owing over a million and having only 7 USD left? Then suddenly gaining insight, a ten-thousand-fold return, the future is a vast sea of stars, and financial freedom. Teacher Ma Deshui has a virtuous wife, while he hides in a dark, damp rented room, frantically studying; this bull market has successfully established A8.
Their life scripts are one in a million; one must understand that behind every successful general lies countless fallen soldiers; how many new traders have left the market tragically, bleeding on the road to success. Contracts are counterparty trades, requiring another trader to succeed. The money one earns is the loss of another, so it is essential to respect trading. Over the years of trading, I've seen many who are always unwilling to accept defeat, thinking of achieving success in one battle, only to continue being new traders, cut down time and again.
