I was born in 1988, a full-time cryptocurrency trader, with assets in the tens of millions, withdrawing 200,000 yuan from the crypto world every month, enjoying time and financial freedom.

In the morning, I generally review the previous day's analysis along with updates from the night, combining my positions and specific situations for swing trading or small fund short-term operations to enhance market feeling. Then I conduct a 2-hour review summary; this is the most important task in the morning, aiming to earn well in the evening!

Today, I will share my trading strategies and insights with friends in the crypto world.

There is a saying: standing on the shoulders of giants can save you ten years of struggle.

If you are determined to make trading cryptocurrencies your primary profession, this article will be your stepping stone—short yet profound! To achieve long-term survival in trading, consider investment risks and any potential events that may occur. The core of leveraged trading is that when in a profitable state, positions should be gradually increased, while in a loss state, positions should be gradually reduced to minimize losses; this is the essence of trading!

Core One: The truth of trading is not about getting rich overnight, but about earning steadily and living long.

Core Two: A common mistake made by investors is frequent trading, never looking for trading opportunities. As long as there is volatility, they enter the market. This is undoubtedly wrong; it will only lead to missing good points and frequent losses.

Core Three: "There's a saying that goes well, I can pull you back from the cliff, but I can't always stop you from jumping off it." Impulsiveness is a terrible source; one must act according to trading signals and not impulsively. Control risk is the first element. Learn to manage risk.

Core Four: Do not let profits cloud your judgment; maintaining profitability is key. Human desire is to want more, which leads to forgetting risks and causes self-destruction. Therefore, one must always keep a clear mind, be cautious with losses, and even more cautious with profits.

Core Five: Everyone has a gambling mentality; they like to make heavy positions based on their subjective judgments, and the importance of taking profits and cutting losses is known by all stock investors. Unfortunately, many people know they should set profit-taking and stop-loss limits, yet they still frequently get stuck or let profits evaporate.

Core Six: After suffering setbacks and significant losses, one often hopes to immediately recover, and the positions grow larger. Once you do this, it equates to failure; after setbacks, you should immediately reduce trading volume or stop trading. Right now, it's not about how much to earn back, but about regaining your confidence.

Core Seven: It's okay to make mistakes; the key is to exit quickly. "If you preserve the green hills, you need not fear the lack of firewood." Conserve your strength, find the reasons, and roll the dice again!

Core Eight: Trading should diversify to face market changes. Mistakes arise from lacking strategies in trading; when things go wrong, people complain about the difficulty and the platform's manipulation, always questioning why. Isn't life full of uncertainties? Never lose because of a lack of strategy.

Contract risk +

The poison of contracts is worse than that of snakes; contracts are only suitable for a small number of professional investors who need immense resources and energy to survive in the crypto space. Don't underestimate this; I have been invited by exchanges countless times to bring fans to their platforms for contracts, offering me an 80% commission. Why so much? Because trading platforms want everyone to trade contracts.

Because you can lose so much money in contracts, while exchanges can earn so much.

I summarized the reasons why most people are not suitable for contracts:

First, risk. In any investment, the first consideration should not be making money but risk. How to control risk within a reasonable range is the premise for whether you can make money. The crypto market is a highly volatile and high-risk market. Prices fluctuate violently; if we invest in spot trading, as long as we don’t invest in garbage coins, we can never go to zero, and there is hope for a comeback. But once you start trading contracts, regardless of the multiplier, your risk is 100%. In an already risky market, using contracts amplifies that risk many times over. Do you think you can handle it?

Second, the market can be manipulated. Everyone trading contracts thinks they are participating in a fair game, but for most, just being part of it means they have lost. Most people in the crypto space keep their coins in exchange accounts; your coins are actually held by the exchanges, which can use your assets at will, much like putting money in a bank that can lend it out.

What do exchanges do with coins? They can use massive chips to manipulate the market. Why manipulate the market? Because these chips can control market fluctuations, causing you, who trade contracts, to face liquidation. All your position data has been placed on the desks of decision-makers in the exchanges through big data and statistics; you are just a lamb waiting to be slaughtered. You may have noticed that the market trends are strange; they often spike at midnight, and a single spike can cause countless liquidations, often happening at night when you are asleep, with no time to supplement your margin, resulting in liquidation. Therefore, trading contracts for ordinary people is basically a dead end. Many may say they're doing well with contracts now, but that's because others do not pay attention to you; once they do, you are finished.

Third, human nature. Speaking of human nature, we all know why gambling is addictive. Why do many people still not quit gambling even after losing their spouses and families? It’s because of human nature. The temptation to amplify profits by 100 times is simply too great; turning 10,000 yuan into 1 million yuan can elevate one’s life to a new level. Because the previous temptations are large enough, the greed in human nature will unconsciously push people forward. Losing doesn’t matter; they always believe they can recover next time, and after recovering, they intend to distance themselves from this place of wrongdoings. Then, after losing too much and depleting their capital, they start borrowing, and if they can’t borrow, they sell their houses and cars. The final outcome is likely liquidation. Many in the crypto space have thus taken extreme measures, choosing to end their lives because of debts they feel they can never repay. Tragedy unfolds like this.

Fourth, contracts are only suitable for professionals. The professional knowledge and data required for contracts are vast. There are many quantitative institutions in the crypto space doing contracts. They have big data, a group of the smartest people in the world, and the potential to collude privately with exchanges to exploit retail investors. Therefore, they can survive doing contracts in the crypto space. Most people are ordinary; their financial knowledge, resource capabilities, cash reserves, etc., are quite insignificant. We cannot enjoy some core resources in the crypto space.

Thus, trading contracts is basically a dead-end. Even if I say so much, many will still try contracts. However, you must start with a small position; the key is not to be greedy. Once you decide to go all in, you will be on a one-way road.

Finally, I want to give some advice to friends who have already entered or have not yet entered this market:

1. Don't blindly follow the crowd; remember to firmly protect your principal.

2. Regardless of why you are preparing to enter this industry, first ask yourself why you want to participate and what changes participation can bring to you.

3. Whether due to employment or investment, please consider what to do if this company goes bankrupt. Remember to have a backup plan before coming.

4. Starting a business is easy, but maintaining it is difficult, and development is even harder. Please prepare for the long term.

5. You can just listen to the hype around trading cryptocurrencies; never take it seriously. Not everyone has the chance to become a billionaire.

6. If you are already in, then stick to your views and do not change them easily.

7. Do not believe any rumors, any incitements of speech, and do not trust anyone's conclusions, as they are likely just to get you to buy in.

8. Never buy platform projects; even if you buy in, the valuation is already very high. You may have helped others exit early. Also, the quality of a project is superficial; success or failure is intrinsic and depends on future development. Not every project invested in by big investors succeeds.

9. When you want to buy a certain project, please grasp all the information you can about the project. Analyze it seriously for three days, and you will have conclusions.

10. Do not participate in any short-term hot projects; the current blockchain projects are still immature. Chasing highs and killing lows is a big taboo!

Nine survival rules for short-term contracts! Whoever uses it eats meat.

1. Learn to wait; contracts are like a game of passing the parcel; after a surge in emotions, there must be an adjustment, and panic is followed by reversal. Use 20% of the opportunity to earn 80% of the returns; this is an irreversible law of the market.

2. Never over-invest; large positions can easily lead to emotional decisions and a vicious cycle. However, losses are normal; the key is mindset and finding new opportunities. To profit, first ensure your qualification.

3. Be cautious when buying; do not act impulsively due to a direct price rise. In a big market, there are plenty of opportunities. You should judge comprehensively based on indices and sentiment.

4. Cut losses decisively; when expectations are not met, you should make quick decisions and never waste time on losses. Seek new opportunities instead.

After a big profit, you need to withdraw. Big profits often indicate market frenzy, and adjustments are imminent. Timely withdrawals can clear the frenzy and add color to life.

6. Respect the market and do not judge it with subjective assumptions. If the market direction is not chosen by the funds, there is no need to hold on stubbornly. Engaging in directions recognized by the market is the right path.

7. Do not chase the market after a peak; the market has reached its climax, and the passing game is about to end. Who will be willing to take over tomorrow?

8. Try not to trade in the afternoon; the short-term situation in the morning has already become clear, and the time to act has passed. Streamline your trading and avoid unnecessary entanglements.

Persist in reflection and summarizing; failure is not scary, what's scary is gaining nothing. Let every failure become the foundation of success, so you can go further.

The above is the trading experience I shared today. Many times, due to your doubts, you lose many opportunities to make money. You don’t dare to try big; by not daring to try, engage, and understand, how can you know the pros and cons? You only know the next step after taking the first step. A warm cup of tea, a piece of advice; I am both a teacher and a friend who can talk.

Meeting is fate, knowing each other is destiny. I firmly believe that those destined will meet even from a thousand miles away, while those without fate will pass by each other. The journey of investment is long; momentary gains or losses are merely the tip of the iceberg. Remember, even the wisest will have a loss, while even the foolish may gain; regardless of emotions, time will not pause for you. Pick up your worries and stand up to move forward.

The martial arts secrets have been shared with you; whether you can become famous in the industry depends on yourself.

The current market is at the bottom-building stage; if you have no direction, remember to follow my steps. Standing on the shoulders of giants can save you ten years of detours!

Trading is not about getting rich overnight, but about reasonable profits that can lead to long-term, stable, sustainable, and high-probability wealth acquisition.

Professionals create value, and details determine success or failure. If you feel helpless or confused trading in the crypto space right now, I hope my sharing can provide you with some inspiration and help!

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