Someone asked me how to turn 3,000 into 100 times?
Try to earn 10% each month, do you think you can fantasize about earning 1 million with compound interest thinking?
That can only be a fantasy; the reality is that you can only earn 100 times through each time's 10 times, 5 times, or 3 times.
Compound interest is one of the eight wonders of the world...
You only need to get liquidated once, and you will never listen to these toxic motivational quotes again!
Crossing classes by trading coins relies absolutely not on compound interest, but on cycles, liquidity, and price action.
Use cycles to trade contracts:
The larger the cycle you observe, the higher your chances of winning; in essence, the cryptocurrency market is a global financial market, and you are playing a trading game with people from around the world; now you need to take money from their wallets.
How to get it?
Use slow money to earn fast money, use smart money to earn the money of fools.
Most people in this world are impatient, do not understand strategies, and are reckless; most people trade based on impulsiveness, rarely paying attention to their positions, entry timing, and risk levels.
They only focus on how to make quick profits, so they enter and exit quickly, betting big to win big, and end up getting liquidated.
They trade for a profit or loss of just a few dozen points, you should hold your positions longer, making a profit and stop loss of 200 points, this way your chances of winning are greater.
Your capital will consume such funds, and it is not about how smart or patient you are, you are actually leveraging a very crucial factor - 'cycle'.
When Bitcoin was priced at $3,000, it fluctuated by about dozens of points daily, at $10,000 it was 200 points, at $30,000 it fluctuated by 1,000 points daily, and at $58,000, which is the current price, it fluctuates around 2,500 points daily.
And your liquidation price can only withstand... a fluctuation of 300 points; I understand your ambition, but you can't treat volatility lightly!
You don’t need to understand these concepts only after getting liquidated, you should understand them right now!
If you manage your risk well, it doesn't matter if you open a contract with 1,000 times leverage; you only need to care about where your risk level is.
Let me give you an example, for instance, this bull market is a large cycle, within the large cycle there are countless small cycles, and within the small cycles are nested cycles; these small cycles oscillate back and forth, always heading towards the peak of a bull market.
You should judge where the low point of a small cycle is at this moment, one that is unlikely to break through, and then trade within this cycle; you don’t need to look at resistance levels, support levels, or pressure levels; your trade in this small cycle will be the best.
As long as you judge well, there is no mindset of anxiety or panic.