When in the ant position, the position is within 1000 U. I can freely bottom fish or top fish in ETH, set a big take profit with a price difference of 500 or 600 dollars, and hold for over a week. But what’s the use? It’s only a few hundred bucks.
If it’s a bit larger, a few thousand U, I start to seriously 'analyze.' About 10 U per point of profit. Can hold overnight, but not more than a week.
If it gets a little bigger, it will reach tens of thousands of U, where 1 point is 100 dollars, and at this point, sleepless nights begin.
The above three different positions correspond to different mindsets. The entry principles are basically the same, but the exit is different.
The larger the position, the less afraid of stop losses, but the more afraid of floating profits retracting. Therefore, the larger the position, the harder it is to hold.
Okay, do you think you should hold a small position and go with the trend, letting profits run, just like the ant position with big orders? But it's so strange, small orders don't want to make money and are just so damn smooth, and you're very patient, but in the same market, big orders are a different situation. Moreover, with a small position, you can't achieve compound interest; it's just 'luckier than big orders.'
In the crypto circle, what does a tens of thousands of U order count for? The size of the position is always relative.
I remember when I first started playing, a few U would get me quite excited, and if it was 15 U, it felt like a big victory, but now it’s just a transaction fee. Some call this ability capital endurance. Define it as the range of capital that can be safely operated. What size order won’t warp?
So may I ask, what is the use of this capital endurance? Does it dull your perception of money? Unwilling to spend normally, but when it comes to U, you spend freely...
Three paths:
Talent theory faction, relying on stable compound interest, most people can't achieve it.
Luck faction: just happened to catch a windfall.
Gambling dog faction: relying on position to win, not on fluctuation luck.
It's still gambling, but those who succeed are called trading masters. Those who lose are called gambling dogs.
With the same buy-in and the same wave, the pattern and greed determine everything.
Those who have never owned it definitely do not possess such greed.
Many seemingly successful KOLs are nothing in trading.
You just need one shot, then quickly transform and withdraw.
Saying it's gambling sounds a bit harsh.
But in terms of the outcome of going to zero, futures trading is no different from online gambling.
Penny-pinching until zero, going all in and returning to zero. If you haven't grown yet, and you are always the former, the experience you gain is fixed — the same operation, how can you expect different results?
If you change your method, you will discover what the world of gambling dogs is like; perhaps you are lucky enough to experience paper wealth. Discover that the successful traders online are just gambling dogs who quickly took profits, while another batch of fleeting gambling dogs is the exact opposite.
Supplement:
Capital endurance has a more intuitive term: gambling nature.
For a hundred times opportunity trend, those lacking gambling nature will accelerate their heartbeat and choose to exit when they earn 10k, or they won't dare to bet heavily. There are plenty of such opportunities before the primary market.
This ability, either you come from a good family and don’t lack money, you will find that they can easily gamble 10k into 100k, while ordinary people operating 10k at most achieve two or three times, but turning 100 into ten times isn’t difficult. Another path is stable compound interest to grow your capital, which has been mentioned before, pursued for so many years, and understood many times. So the last path of 'gambling,' even if it ends up at zero, after experiencing enough paper wealth, you will no longer waver due to some 'small money' and lower your sensitivity to small profits. The issue of letting profits run will then be resolved.
Poor people earning from small positions, no matter how big the fluctuation, cannot intuitively and deeply experience what 'profit' is. Only after this profit breaks the limit will you hold your positions more calmly, no longer fearing floating profit retraction.
Please remain vigilant.
The biggest downside of this capital endurance is treating money too improperly, unwilling to spend a little, but when losing, they don’t blink. Especially after making money before, with good cash flow, online loans will give very high limits, making it easy to slide uncontrollably into the abyss affected by 'recovering losses.' This is complete destruction.
