First of all, using 3000 yuan as starting capital in the coin market is sufficient.

It’s not about having a lot of money, but making consistent profits; random operations lead to instant losses.

1. You can use 2500 yuan for spot trading and 500 yuan for contracts, see the chart.

If you can pick such explosive varieties, then in just three days your 2500 could become 5000. This means you already have 5500 yuan in capital, and deducting 500 yuan, because new traders usually blow up instantly with 500 yuan!

2. With 500 yuan, you can open a contract position with ten times leverage in five transactions of 100 yuan each. If you open a ten times leverage contract, a 10-point movement in the opposite direction will blow up your position. Newcomers are advised to use incremental trading because even if you blow up, your remaining funds in the trading account will still be there. But with full positions, if you encounter a spike situation, your account might instantly go to zero! This is the reason why some newcomers who lose in contracts jump off buildings!

3. When doing spot trading, you must be able to select explosive varieties: that is, explosive varieties can double or even multiply several times in the same time frame, which can happen in just a few days, or even just a few hours. This is why many people are obsessed with the coin market. And this is just for spot trading; what if you add ten times leverage?

Regarding how to choose explosive varieties, everyone can follow me, and I will share it for free in my later articles.

4. The methods mentioned above are not particularly meaningful for newcomers, because to achieve profitability, one needs not only certain trading skills but also to overcome human nature. In trading, it often starts with technique and ends with human nature!

5. Investing 3000 yuan in the coin market, don’t expect too good results initially. If after a few trades your capital is still intact, you are already much smarter than others!

Finally, I wish everyone happy trading!

Updated on 2024.2.20:

The number of likes on this answer can determine if I should update again. The main point is to modify the second point above. Actually, the remaining 500 yuan doesn’t need to be divided into five trades of 100 yuan each for ten times leverage. Based on my countless tests, opening contracts at 3 to 5 times leverage is the most. Five times can accept a 20-point reverse fluctuation, while 3 times can accept a 33.3-point reverse fluctuation. If a newcomer uses 500 yuan for a five-times leveraged contract, the probability of winning is still quite high, provided the direction is right. Generally, altcoins rarely reverse more than 20 points in the early stages of a trend, so as long as your direction is correct, you only need to wait for the closing signal in the daily segment. Note that it’s crucial; many people can’t wait and keep switching, ultimately leading to wasted efforts or even losing everything. Therefore, we must learn to decisively open positions at the beginning of a trend, as it usually leads to immediate gains. However, there’s a mindset: no matter how long you wait, the premise is that you must be able to wait. Many people can’t do this. I often feel anxious too, but I still need to overcome it. This is the advantage of low leverage. No matter how the price fluctuates before closing, you don’t need to care; you just need to quietly wait for it to rise or fall. As long as you can wait, profit will eventually come.

On the contrary, high leverage cannot wait. High leverage only requires the price to immediately move in the direction of the position after opening. If there’s even a slight reversal, it will blow up immediately. Looking back, I used to open 20 to 50 times on altcoins and felt proud after opening positions. I realize now that I was a bit silly. Haha, you often hear the saying 'the market is unpredictable,' referring to the unpredictable fluctuations in small cycles during price movement. You also often hear the concept of 'trend trading,' which refers to the strategy of going with the trend in large cycles. Therefore, in my personal trading experience over the years, I’ve transitioned from only doing spot trading to playing with high leverage contracts, and now I only do leverage or low leverage contracts, because the maximum leverage for trading is only 10 times. However, for altcoins, even 10 times is a bit excessive. A couple of days ago, I did a 10 times long position on SOL, and after blowing up, the price went back up. If I had used five times, it wouldn’t have blown up. So capital safety comes first. Leveraged trading can be done in both bull and bear markets, providing many opportunities. As long as the capital is there, a happy life will always continue. Therefore, I now mostly do altcoins with below 5 times leverage, only opening high leverage for major currencies, but I also calculate carefully near the entry point. Five times is already quite a lot. If you have a monthly salary of 5000 and your boss suddenly gives you 25000, wouldn’t that feel great? Now we only have 5000 yuan in capital, and doing spot feels too little. Five times 25000 is quite reasonable. Why force yourself to open high leverage and hand over your hard-earned 5000 yuan to the exchange without feeling pain? So for those reading this response, if you’ve been losing with high leverage, why not try switching to below five times? Perhaps your trading situation will change as a result.

Updated on 2024.3.1

Recently, the coin market has been very crazy, which is normal. After all, coin enthusiasts have endured for over two years. It’s time to recoup some losses. But at this moment, quietly ask yourself: have you made a profit?

Isn’t it true that you see many familiar coins soaring, but you just happened to miss the ride? You finally can’t hold back and jump in, and trouble comes. You’ve successfully caught a loss. You might ask how I know this so accurately. It’s because I’ve gone through it step by step.

All of this is because you may not understand the logic of the main force's operations: building positions ~ testing the market ~ shaking out positions ~ rising ~ unloading. We need to dare to enter decisively when the main force just starts to rise (most people are afraid to enter at this time because they can’t understand the main force's intentions and mistakenly take rising as unloading). When unloading, we leave the market together with the main force. If you read this and think I’m talking nonsense, it shows that your trading knowledge might really be lacking. Anyone with a basic understanding of trading will understand what I’m saying!

However, in this answer, I mainly discuss contracts. What I mentioned above is useful for spot trading but not very meaningful for contracts because in contracts, you can participate in both the rise and the fall. So what are the core issues of making contracts? In other words, what central purpose should we focus on when making contracts? Some might say this is a no-brainer. Isn’t it to make money?

Wrong! Seriously wrong! In my opinion, the process of making contracts is a matter of survival. Think about it, when you choose an entry point, select low leverage, set stop-loss, and manage your position, aren’t all these actions aimed at protecting your capital?

Yes, the core work of making contracts is to ensure survival, with profit being secondary. Therefore, in this update, I want to mention that after opening a position and starting to float profits while the price is far from the cost price, you must set the stop-loss at the cost price (you can also adjust it slightly in the direction of floating profit, depending on support and resistance levels). The logic behind this is that as long as you don’t hurt your capital, let it be. If you encounter a large cycle profit, that would be great. However, if you face a spike situation, as long as your capital is still there, you can continue to enter the market after the spike phase when price volatility begins to decline. I’m currently organizing my trading experiences, and I’ve summarized over 50 points. Follow me, there’s a lot of valuable content that will be updated gradually, all derived from my trading experiences. So let’s stop here for now; it’s almost 2 AM, time to sleep.

Updated on 2024.3.3

Today, I’ll recommend two books. First, let me tell you how I discovered these two books. When I was young and ignorant, I worked at a company. After two years, I was suddenly summoned by the police, saying my company was suspected of illegal fundraising. I was arrested and later detained for three years before receiving a sentence. Afterward, I was sent to prison to serve the remaining 15 months.

Before entering the detention center, I had traded stocks for two years. From the second half of 2014 to May 2015, during the big bull market in the A-share market, I entered with 10,000 yuan and only made 20,000 after half a year. Looking back, that’s really a joke. In such a big bull market, I only made 20,000. At that time, I was indeed just messing around, not understanding anything. It was all based on passion and intuition. Luckily, it was a bull market; otherwise, I would have lost everything!

Later, in 2017, a friend introduced me to trading coins again, and I happened to catch the bull market in the coin circle. I entered with 1300 yuan and after three months of effort, I turned my capital into 70,000. At that time, it wasn’t because my skills were good. It was because it was a bull market, and I kept chasing the rise. It was common for altcoins to double overnight. I managed to profit a bit by luck, just as I was planning to invest heavily in ETH when it was only a few dozen yuan each. But then I ended up in prison. Later... I’ll skip a lot of details!

I really love reading, so I often hold books and read. One day, I suddenly found a book about stocks and was shocked after flipping through a few pages. I thought, 'Wow, there are people who explain stocks like this!' It was so different from the books I had seen before. I finished that book in two days because it wasn’t mine, and I needed to return it quickly. I even took notes on the names of other books by the author from the introduction. It took me a year to find a way to get my family to buy the books and send them to me. You might ask why it took a year. Think about it; in such a place, if you could easily get whatever you wanted, wouldn’t that seem unfair to the victims?

One of the books sent to me really benefited me greatly. To describe it as excellent would not be an exaggeration. It’s really well-written. Those who often read my works on Zhihu and other platforms know that I basically analyze which stocks or coins have market makers involved and when to prepare for a market trend. I learned this analytical method from this book. I’m putting it out here, and if you’re interested, you can send me a screenshot after clicking. I will confirm that you ordered from me, and if you have any questions during your reading, we can discuss it together. You can also follow me for future discussions.


Alright, I’ll stop the updates here for today. Next time, I’ll share a book about trading that I saw after being transferred to prison. This book is as powerful as the previous one, but it focuses on different aspects. After returning to society, I repurchased both books. I’ll update again next time. Good night.

Updated on 2024.4.26

It’s been a while since I updated. I’ve been trading lately. Although I made a bit of profit in the end, it wasn’t much. Now I’ll summarize it, hoping to inspire and benefit everyone:

1. In this wave of altcoin long position operations, I basically selected explosive varieties during the position building, but when the market truly exploded, I exited. As I mentioned before, one must be able to wait. After building positions, just quietly wait for it to float profit and look for closing opportunities.

2. Persisting with low leverage greatly increases the probability of floating profits. The accuracy of entry points is crucial. You can say entry points determine the leverage ratio. My usual entry points and leverage ratios are based on the four-hour trend. If the price breaks the highest and lowest points of the four-hour chart in the opposite direction, I exit decisively. If the price runs according to the floating profit direction, then don’t move around. Let the profits run. When the price on the four-hour chart shows a pullback, exit first, wait for the pullback to end, and then continue to enter. Always maintain low leverage; low leverage provides sufficient room for error.

3. In this operation, I again did a floating profit add-on, but it failed again. I’ve tried floating profit add-ons countless times, and they have always ended in loss. Floating profit add-on is not impossible, but small cycle floating profit add-ons are just playing with rules. Large cycle can be done, but contracts are mainly for short-term. What’s the point of floating profit add-on in a large cycle? It’s better to open a new position!

4. The last round of TNSR long positions, I lost and accepted it because the direction was wrong, directly eating up half of my profit in this operation. This is a technical failure, and I have no complaints. The most frightening thing is when the direction is correct, but due to the inability to control inner demons and random operations, it ultimately turns profit into loss. This self-sabotage type will never win money!

Alright, today I’ll take a break and wait for the new market trend to continue fighting. Haha!

Updated on 2024.5.2

Recently, a fan asked me how to develop the courage to go heavy, so today I’ll specifically discuss this topic:

Heavy positions do require courage, but it depends on when and whether it is worth it. It’s like liking someone without reason, but when you really plan to invest everything in that person, you have to weigh if they are worth it.

Simply put, if the direction is wrong, the losses from taking heavy positions are unbearable.

However, if the direction is correct, going heavy will earn you a fortune!

In my opinion, when the certainty of profit is very high, you must go heavy (heavy does not mean full). Otherwise, you will never make money. Note that 'certainty' is a prerequisite. To increase certainty, you need to work on many aspects, such as fundamentals, technicals, capital flow, news, etc. This is not a skill that can be mastered overnight: preferences, talent, and a good mindset are all required. The saying 'the skilled are bold' refers to high certainty, while boldness refers to courage!

When a unilateral market comes, we are still playing small. What’s the difference from missing out? Don’t trade frequently; staying in cash is also a skill. Seize opportunities, trade heavily (not all in), and then enjoy the scenery while waiting for new opportunities! Courage always comes from super profits! Always losing money, how can you have courage?

I wish you happy trading!

Updated on 2024.5.29

My update frequency isn’t very high, not because I don’t want to update, but because I lack inspiration. Occasionally, I gain insights, and when I pick up the pen, the words flow naturally. For me, this is a form of improvement, and it may also inspire everyone a bit. Alright, back to the point.

Let’s first talk about a few recent issues encountered by fans:

1. Teacher, I’ve lost so much in contracts that I don’t even know the direction anymore. What should I do? I’m confused!

2. Teacher, help me, I borrowed money against my house and now I only have a few thousand left!

3. Teacher, I bought a certain coin last time and after selling it, it took off!

4. Why do I lose almost every contract? And so on, there are all sorts of questions, too many to count!

When I saw these questions, I thought, wasn’t I once like this?

Many students think that after adding me on WeChat, they can get a quick fix, then win back everything they lost and start a carefree life. I tell them three words: 'Not possible.' As the ancients said, 'Haste makes waste.' Especially in trading, take it slow and steady!

There’s a saying, 'It takes ten years to sharpen a sword.' I started learning to trade in the stock market in 2014, and by 2024, it just happens to be ten years. So I have a deep understanding of this saying and some authority to speak on it. To be continued.

Updated on 2024.6.24

If you can read this all at once, it shows that you are here to learn and that my sharing resonates with you to some extent! Especially congratulations: I’ve been learning to make contracts in the coin market for three years now. The hardships and sorrows I’ve been through, you might empathize with without me saying. It’s really not easy. I feel like I’ve really mastered some magical method, and I will share it all without reservation. If it helps you achieve stable profits, I congratulate you, but you don’t need to thank me, because you reading this all in one go is what you deserve! Alright, here comes the valuable content:

1. First, set the cycle. I set it to a four-hour K-line cycle. The specific approach is that during this week’s fluctuations, it’s best not to participate. If you get involved during fluctuations, your winning rate is almost zero. Plus, a single line takes 4 hours to complete, and it usually takes dozens of lines, which most people can’t endure. So during this period, just observe from the sidelines, and wait until it breaks key points upward or downward before entering through smaller cycles! The core action is 'wait.'

2. What to do after entering the market? Just wait. Once the current cycle's unilateral market trend is over, you can close your positions. If you're afraid of a pullback, you can protect your profits using a trailing stop when the price reaches the risk zone, and wait until the current cycle starts to fluctuate again before decisively closing your positions and securing your gains! The core actions are 'trailing stop' and 'wait'.

Do you see how this really proves the saying - 'Simplicity is the ultimate sophistication!'

I spent three years and went through so many bloody lessons to summarize it into just two sentences.

The core here is one word: 'wait.'

The waiting opportunity before entering the market, and the waiting for closing signals after entering!

Why do I prefer using the four-hour K-line cycle? Think about it. Isn’t trading essentially a game of long and short forces? Just like running a marathon, when you just start running, who knows how long each side's endurance will last? After running for four hours, you can see whose endurance is stronger. So, doesn’t the long-term struggle of the long and short forces require a longer time to reveal the strength of both sides? Therefore, a cycle that’s too short lacks reference. A cycle that’s too long can easily miss the best entry opportunity. Through my extensive practical tests, the four-hour K-line cycle provides the most reference value for contracts! The accuracy is also very high!

Of course, this short summary of a hundred words or so is based on my three years of experience, which involved countless setbacks. Reading it may inspire you, but you might not be able to apply it immediately! The prerequisite is that you need to master some basic knowledge first!