Trading insights learned from a friend who rolled over contracts 300 times in a year, with some of my own understanding added.
[Internal Improvement - Mindset Part]
Write down past experiences of making and losing money in other fields, such as US stocks and meme coins. After reviewing, let it go and do not let past experiences affect your mindset in learning new things. Start fresh.
Draw a vision for yourself like a capitalist. Believe that in the next bull and bear cycle in a few years, you will definitely earn your own money, A7/A8/A9/A10 (everyone has a different starting point). Money will be earned gradually, and you will definitely earn it in the end, reducing anxiety.
Set a time period to try isolating from news, focusing only on K-lines for 24 hours, training concentration, discarding news, and only acting when it aligns with your trading strategy. This is to avoid being influenced by news in the future.
For every contract, regardless of how small the profit is, 30% of the profit must be transferred to the fund account. This is your real earnings. The money in the contract account is not your money.
Reading trading books to gain basic knowledge of K-lines, wave theory, and Gann theory. Recommended reading (applying Gann and wave theory for profit).
After a unilateral trend, there must be consolidation, and after consolidation, there must be a unilateral trend.
[External Improvement - Technical Part]
When practicing trading techniques, you can use a 1000u position, 20u per trade, 20x leverage, and ensure that the total position and pending orders do not exceed 20.
If you want to catch needles, confirm pending orders daily to ensure that the order points remain valid within half a month. Observe the K-line trends, and if expectations change, reset them.
Establish your own trading system - the first step is to define trends: unilateral rise, unilateral fall, or oscillation. The second step is to plan when to enter, exit, and set stop-losses before placing orders. It is recommended to first use daily and weekly charts to verify market trends, then gradually use 4-hour and hourly charts to cultivate a broad perspective.
Each trend requires a different trading system. Learn to adjust your strategy based on the market conditions: unilateral, oscillation, and day trading systems for when you're feeling anxious.
Focus on long-term tracking of multiple cryptocurrencies (such as SOL, BTC, XRP, DOGE, etc.), don’t always chase the new ones, and cultivate market intuition. You can use AI Coin to view the K-line trend from the top down to now to verify prediction probabilities.
Reviewing trades is very important; every trade must be reviewed. With AI assistance, generate reports from Binance, then use Feishu spreadsheets combined with AI analysis and mentor feedback. Maintain steady progress.