The gains in the past few days have been quite substantial.
Starting from the end of June to the middle of July, my account balance surged from six figures to seven figures. The sense of reality was so strong that I couldn't help but pinch my thigh😭. The bull market isn't about making money without effort, but as long as you hit the right rhythm, you can truly soar.
🔥 My practical insights (purely practical tips)
1️⃣ 【Focus on the leading projects, don't be greedy for small coins】
The core driving force behind this round of skyrocketing market is BTC and ETH, these two engines! When Bitcoin broke $110,000, I keenly noticed that institutional funds were genuinely entering the market — BlackRock's ETF saw an inflow of $1.2 billion in a single week📈, so I decisively adjusted my position and heavily invested in mainstream coins. Even though those meme coins might provoke FOMO, I only allocated 5% of my profits to play with them. It's crucial to remember that in a bull market, surviving long is far more important than making quick profits. Blindly chasing small coins can lead to significant losses amid market fluctuations, while mainstream coins are relatively more stable and can help you stand firm in a bull market.
2️⃣ Leverage? You can play, but always bring a life ring🛟
I've witnessed someone on HTX evaporate $51.56 million overnight! So I have my own principles regarding leverage: the leverage ratio must never exceed 1/3 of the capital's capacity, and whenever a position is opened, a stop-loss must be set to ensure that a single loss does not exceed 2% of the total funds. Just like the other day when ETH was at $3,320, many people were shorting, but I went against the trend and entered a long position above $3,220, eventually taking profit at $3,516. Leverage is like a double-edged sword; if used well, it can amplify gains, but if it spirals out of control, the consequences can be dire, so the “life ring” must always be at hand.
⚠️【Risk Firewall】
Behind the revelry, there are often undercurrents! If Trump's related policies fall short of expectations, the market could likely retreat to $101,500. Moreover, the fear and greed index has now reached 88, indicating an extremely greedy state, where a situation of mutual destruction for both bulls and bears could arise at any moment.
This $500,000 is not the end, but it makes me more convinced: there is no so-called holy grail in the crypto world; only those who respect the market will be able to laugh until the end. Friends who resonate are welcome to exchange strategies together~
