In the crypto world, if you want to truly achieve financial freedom and compound interest, methods, techniques, and forming your own profit system are crucial. Once mastered, the market will be like your 'ATM', and making money will be as easy as breathing! The most feasible way to earn 10 million in crypto is...
1. It’s best to have a capital of 1 million.
2. Choose Bitcoin as the target.
3. If you can hold on and reach 10 million, decisively leave; if not, just hold on.
In practical operations, if funds are limited, if one cycle cannot be achieved, then do two cycles...
Trading coins and gaining insights follow the same process, from seven losses to two breakevens to one profit. It's all about being focused and not being greedy for various profit models; firmly establish this trading system, and over time, this system will become your ATM. Someone asked me how to turn 3000 into 100 times?
Try making a 10% profit each month. Are you trying to use a compound thinking approach to fantasize about earning 1 million?
That can only be a fantasy. I tell you, the reality is that you can only earn 100 times by relying on each 10 times, 5 times, or 3 times.
Compound interest is one of the eight wonders of the world. You only need to blow your account once, and you will never listen to these toxic motivational quotes again!
Crossing social classes through trading 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. Essentially, the crypto world is a global financial market; you are playing a trading game with people around the world. Now, how do you take money from their wallets?
Use slow money to make quick money, and use smart money to earn the money of the impatient. Most people in this world are hasty, do not understand strategies, and are reckless. Most people rely on a 'fierce' approach to make trades, rarely paying attention to their positions, entry timing, or risk value.
They only focus on how to profit quickly, thus entering and exiting rapidly, risking large amounts, and blowing up their accounts.
They make trades with profits and losses of just a few dozen points. If you extend your trades to 200 points for profit and stop-loss, your chances of winning will increase. Your capital will consume such funds; it’s not about how smart or patient you are; in fact, you are leveraging a very critical factor - 'cycles'.
When the price of Bitcoin was at 3000 USD, it fluctuated by dozens of points daily; at 10000 USD, it was 200 points; at 30000 USD, it fluctuated 1000 points daily; at 58000, which is the current price, it fluctuates about 2500 points daily.
Your forced liquidation price can only withstand a fluctuation of 300 points. I understand you have ambition, but you can't treat volatility lightly!
This knowledge should not be something you understand only after blowing your account, but rather something to grasp in this moment!
If you control your risk, it doesn't matter if your contract is 1000 times; you just need to care about where your risk value is.
Let me give you an example. For instance, this bull market is a large cycle, within which there are countless small cycles. These small cycles oscillate back and forth, always moving towards the peak of a bull market. You need to determine where the low point of a small cycle is at this moment, a low point that is unlikely to be broken, and then trade within this cycle without needing to look at resistance levels, support levels, or pressure levels; your trades are the strongest in this small cycle.
As long as you make a good judgment, there's no room for anxiety or panic. I believe the low point of Ethereum's small cycle is at 2947. As long as it drops within this range, I will add to my position without hesitation. If it drops, I will add to my position, and I will set my sell order at 3210. If it drops, I will continue to add. What am I afraid of?
I am not afraid because I control my position and manage my risk. I believe that at this moment, my risk is at its lowest.
This position, this logic, this cycle has no lower risk than I expected. If I lose, I accept it!
Because I have already controlled the risk!
In the contract market, there is no god; don't create a god out of someone. Those who make millions after a year are just good at controlling risk. I'm saying this because too many people blow their accounts unnecessarily. A qualified experience of blowing an account is when you have gone through countless corrections and efforts and still cannot be saved.
Backtesting and optimizing trading strategies require a method to verify their effectiveness and adaptability under different market conditions. Analyzing historical data for risk assessment and performance analysis is crucial for optimizing strategies and improving potential profitability. Here are best practice guidelines for backtesting and optimizing such strategies: use sufficient historical data: ensure the data covers various market conditions, including trends, volatility, and consolidation periods. This diversity helps in testing.
Incorporating the robustness and adaptability of the strategy, accounting for real trading conditions: considering slippage, commissions, spreads, and execution delays to simulate real market conditions. This step is crucial for accurate performance analysis, conducting advanced statistical analysis: using techniques such as standard error measurements to understand the uncertainties and risks associated with the strategy. In addition, calculating the expected value of the strategy to predict potential profitability.
Conduct forward-looking analysis and continuous optimization: after the initial backtest, apply the strategy to new, unseen data segments to check for consistency. Continuously optimize and adjust parameters to avoid overfitting and adapt to changing market dynamics.
These practices ensure that the strategy can withstand historical tests and also has potential in real-time trading scenarios.
Conclusion: An effective 15-minute trading strategy requires the use of technical indicators, identifying entry and exit points, and strict risk management. Common strategies designed for this timeframe should be backtested to enhance their efficiency and accuracy. You need to be thoroughly familiar with your strategy.
Adhering to these principles can enhance your potential for success in the fast-paced 15-minute trading environment, optimizing your decision-making process and improving the trading outcomes of your positions.
Opportunities are reserved for those who are prepared!
Seizing opportunities is the key to success!
What are you still hesitating about!
