Recently I thought that sometimes working hard does not earn money and losing money indicates the direction is wrong.
In the past two months, I have made many mistakes in trading and personal accounts. Recently, I instinctively treated ETH as a magnifier for BTC in trading, but the result has been continuous losses. I believe this is also the mistake of most people.
The trend of ETH is much more complex than BTC, and now often they rise and fall differently. I have been losing money but kept playing for a month. I thought that if I want to make money in trading, I should focus on what I am best at and use a small amount of money to try areas where I am relatively inexperienced.
I also updated my account quite messily. In the future, I will focus on analyzing BTC and some hotspots or new altcoins.
I used to often trade ETH with the same leverage as BTC, but now I should aim for BTC 3-5. ETH 1-2, SOL 1-1.5x, altcoins 0.5-0.8 to maintain this ratio.
And I will try to minimize trading ETH and SOL as much as possible without any particularly big narratives. #MichaelSaylor暗示增持BTC