This year, I completed a trade that basically achieved my goal. When everyone thought Ethereum would drop to 800, I decisively opened a position at over 1400, added to my position at 1500, and then held with an average position price of 1539, making 2100u at 125x leverage. Let me ask you, if it were your trade, would you have this kind of mindset and understanding?
But usually, when I have free time, I also frequently trade short-term fluctuations to earn some pocket money and cover expenses.
Frequent trading requires solid technical analysis and price point skills, mindset management, and position control ability; otherwise, you either make profits only to lose them back or keep losing!
Small funds can make big gains through frequent trading, but more importantly, it relies on mindset and understanding.
Brothers, actually, when using 10,000 to earn the first 1 million, it’s not about following the techniques that most people blindly believe in and boast about, but about mastering the underlying logic and understanding.
Is the probability of a good harvest greater in fertile land or in arid land?
I don't know who instilled the notion in people that small funds must grow through daily compounding, but no one tells you that this is extremely difficult, akin to walking a tightrope on a cliff, risking one's life, and one misstep can plunge you into the abyss.
Those who enjoy frequent trading need to enhance their understanding and mindset in the crypto world; they cannot discern or patiently wait for the best opportunities. Most people will trade frequently due to the human instinct to speculate, hoping to get rich overnight.
However, trading is precisely counterintuitive; only top speculators can achieve success.
Top speculators must have top-tier understanding and only choose top-tier opportunities.
Before you have top-tier understanding, you will always become cannon fodder: either you make profits and lose them back or you continue to lose.
I do not discuss the pros and cons of frequent trading; I just hope that you can manage risk well and protect your principal in daily trading.