Let me introduce how I crossed the most important hurdle in trading with a small amount of capital.
I started with a small amount of capital.
The core issue for most small traders like me who can't grow is not that they don't know how to trade, or that they don't know how to look at the market and place orders, but that they can't overcome their inner fears.
As long as placing orders involves one's own money, especially money that affects one's basic living expenses, it becomes unbearable when there are floating losses, and when there's a floating profit, one thinks about running away with the profits immediately. This is completely no longer trading with the market but being led by one's own capital.
I had a hurdle at 200,000, and I am referring to RMB. My initial goal was to make enough money from trading to buy a car, either a Model 3 or a Xiaopeng P7. At that time, I hadn't even obtained my driver's license, just thinking about earning enough for a nice car.
Then, when I reached over 200,000, I couldn't go any higher. Humans are very greedy; on one hand, I thought this money would be enough for me to save for five years, which is already good, and I should stop after getting a car. On the other hand, I thought if I doubled it, I would have both a car and 200,000 in capital.
And then I always died at this hurdle. From 200,000 to 400,000, I failed countless times. A little loss would make me anxious, treating that money as my actual capital. The more I lost, the more I wanted to recover, and I started trading with borrowed money, becoming nothing more than a pure gambler.
In my later trading career, I always carried debt. Even when I reached 500,000 or 600,000, I never cleared my debts until last year when I reached 1,000,000, gradually paying off all my online loans, credit cards, and other debts. Once the debts were cleared, I immediately shed all my psychological burdens: 2,000,000 - 3,000,000 - 5,000,000 - 8,000,000 - 6,000,000 - 5,000,000 - 9,000,000 - 10,000,000 - 15,000,000. Even if there were drawdowns in between, it wouldn't take a week to reach a new high in profits. My mindset changed; I only needed to focus on the market itself, which opened up my trading limits.
I believe the ceiling of trading ability is not based on trading skills. It has become quite natural now. It feels like trading is only about trading mentality, character, and logic.
I have basically never opened an order at any absolute top or bottom, but in the long term, I can still make money.
Everyone has their hurdles, and most people get stuck at a certain capital level and can't go any higher.
I made it with a small amount of capital, trading in small-cap altcoins, mainstream, and popular meme tokens. Now, do you see me still trading? The most I did was increase my Dogecoin position by 1,000 units. Now, I am mostly trading with large positions in Bitcoin and Ethereum.
At what capital level you should do what. With my current capital, day trading with quick in-and-out strategies is no longer suitable for me; I need to shift my thinking to 1H-4H-12H level swings. Many people still play with small-cap altcoins even when their capital increases, and they are bound to learn their lessons. Small capital traders need to adjust their trading cycles as they grow.
#BTC #ETH #币安八周年 #美国加征关税 #马斯克计划成立美国党
