From 8 Million in Debt to 200 Million: A Veteran's Wealth Revelation in the Crypto World
I. The Ups and Downs of the Wealth Journey
The ten-year journey of this crypto veteran is a textbook portrayal of market cycles:
1. First Taste of Success: Entered the market at 8,000 Yuan during a bull market, assets soared to 10 million
2. Painful Lesson: Driven by greed, not only lost profits but also incurred 8 million in debt
3. Comeback: Borrowed 200,000 to rise again, reaching a peak of 20 million
4. Steady Growth: Current assets exceed 200 million, next target 1 billion
II. The Truth of Trading Earned through Blood and Tears
Core Trading Principles:
1. Contrarian Strategy: Buy on the dip, sell on the rise
2. Timing Selection:
Early morning large drop can build positions
Early morning large rise should reduce positions
Afternoon large rise do not chase high
Afternoon large drop buy the next day
3. Sideways Strategy: High-level sideways trading must sell when breaking high, low-level sideways trading must buy when breaking low
III. Four Deadly Traps
1. Emotional chasing and panic selling
2. Misuse of futures leverage
3. Gambling with margin trading
4. Frequent short-term trading
IV. Four Broad Avenues
1. Main business focus: Maintain a stable income source
2. Investment of spare money: Only use funds you can afford to lose
3. Value investing: Arrange during bear markets to harvest in bull markets
4. Never go all-in: Keep ample firepower
V. The "Foolproof" Profit Secret
Probability and Odds Thinking:
Think like a casino, establish your own "advantage boundary"
Before each trade calculate: Potential profit / Potential loss ≥ 3:1
Only participate in trading opportunities with a win rate over 60%
Practical Case:
When Bitcoin was trading sideways at $30,000:
1. Observe weekly support levels
2. Set buy orders 3% above the support level
3. Set stop-loss 5% below the support level
4. Profit target at previous high 15%
VI. Advice for Investors at Different Stages
1. Beginners: Simulate before real trading, establish a trading system
2. Losers: Pause trading, review the root of mistakes
3. Stuck Investors: Customize a solution based on position and level
VII. Ultimate Advice
The market always rewards those who are patient and punishes the impatient.
Remember:
Making money in a bull market relies on courage
Earning coins in a bear market relies on patience
Navigating through bull and bear markets relies on discipline
If you don't understand crypto yourself, it's advisable to follow Brother Heng!
Whether it's fresh goods or harmonious joy! Success is not just about luck; choices may matter more than effort.
