On January 1, #XNY 2024 at 4 AM, TRB instantly surged from around 240 to 700, and I blew up, completely. From making a profit to being in debt of a million, holding onto a short position of 45 all the way to over 600, during which I continuously faced liquidation and opened new positions. I experienced the darkest moments of my life and learned for the first time that the crypto world is scarier than red and blue. In the end, all savings gone, with a debt of 850,000. After a year and 8 months, I still owe over 500,000. A new follower's exact words:
He asked me: Brother, can I turn things around? So desperate! I just said one thing: Yes!
During this time, I watched the K-line and monitored 'on-chain holdings'.
Some time ago, I traded MYX, pinpointed it, heavily invested at the bottom, with a small loss, within 2 days made 7 times profit.
I earned a big gain from the volatility! Afterwards, we adjusted our mindset, slowed down a bit to prevent getting too excited.
I treat the market like a pack of wolves, only following the wolf king.
Who is the wolf king?
— The top ten addresses on-chain.
When the wolf king is still, the wolf pack won't be chaotic.
The criteria I use are just three:
1. Price halved within 72 hours;
2. Trading volume increased by 3 times simultaneously;
3. No movement from the top ten addresses.
When all three indicators light up, I open a position:
Position size 30%, stop loss 2%, take profit 20% automatically in batches.
The logic is very simple and straightforward:
A sharp drop = retail investors collectively giving up;
Increased volume = someone is moving their chips;
Stable addresses = the wolf king is holding steady, waiting for others to carry the sedan chair.
As for what the project team boasts about, what time does the Federal Reserve hold meetings?
Not important.
I only care about one thing: Does the wolf king want to eat?
If it's hungry, I serve the chopsticks;
If it's full, I leave immediately.
The secret is not prediction but execution:
Cut losses when needed, take profits in batches;
Place orders and then turn off the computer, go for a walk, drink tea, sleep.
Opportunities to double your money always appear during desperate times:
When the screen is filled with wailing, I click 'buy';
When everyone in the group is boasting about a bull market, I click 'sell'.
Let's take it slow, I believe slow is fast!
Remember one thing:
Staying diligent in watching the market is not as good as watching the wolf king, and complex indicators are not as useful as monitoring holdings.
Want to turn things around?
Being with the right people is better than anything else. Follow @船长大哥 , I only want those who can execute.
