Try earning 10% every month. Are you trying to fantasize about making a million with compound interest thinking?
That can only be a fantasy. I tell you, the reality is that you can only earn 100 times by relying on each 10x, 5x, or 3x.
Compound interest is one of the eight wonders of the world...
You only need to get liquidated once, and you will never listen to these toxic motivational quotes again!
Crossing social classes in cryptocurrency trading relies absolutely not on compound interest, but on cycles, liquidity, and price behavior.
Use cycles to make contracts:
The larger the cycle you observe, the higher your chances of winning. Essentially, the cryptocurrency space is a global financial market where you are playing a trading game with people from all over the world, and now you need to take money from their wallets.
How to take it?
Use slow money to earn fast money, and use smart money to earn from the foolish.
Most people in this world are impatient, do not understand strategies, and are reckless. Most people rely on a 'brute force' approach to open trades, rarely paying attention to their positions, entry timing, or risk levels.
They only focus on how to profit quickly, leading to fast in-and-out trades with big bets, resulting in liquidation and exit.
They make trades with profits and losses of dozens of points. If you stretch your trades a bit longer, aiming for 200 points in profit and stop-loss, your chances of winning will increase.
Your capital will eat up such funds. This is not about how smart you are or how patient you are; you are actually leveraging a very key factor—'cycles'.
When the price of Bitcoin was $3000, it fluctuated by dozens of points daily. At $10,000, it was 200 points. At $30,000, it fluctuated by 1000 points daily, and currently, at $58,000, it fluctuates around 2500 points daily.
And your forced liquidation price can only withstand a fluctuation of... 300 points. I understand your ambition, but you cannot treat fluctuations lightly!
This knowledge does not require you to understand it only after being liquidated; you must understand it at this very moment!
Control your risks well; it doesn’t matter if your contract is 1000 times. You just need to care about where your risk value is.
Let me give you an example. For instance, this bull market is a large cycle, within which there are countless small cycles. These small cycles oscillate back and forth, always moving towards the peak of a bull market.
You need to judge where the low point of a small cycle is at this time. This low point is likely to hold, and then trade within this cycle without looking at resistance levels, support levels, or pressure levels. In this small cycle, your trade will be the best.
As long as you judge well, there will be no mindset of anxiety or panic. I believe the bottom of Ethereum's small cycle is at 2947. As long as it drops within that range, I will add to my position without a second thought. I will set my exit at 3210.
Brothers and sisters, click on the avatar to follow Ziheng, continuously sharing methods to make money in the cryptocurrency world...
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