Finally, the day has come. Who would have thought that I started with only 20u and ended up with 500u? Today's market conditions have been quite extreme compared to the past few months of my trading, but because of that, I had the opportunity to let my rich experience take effect. Just today, I earned enough 300U, completing the final step in becoming a trader, and it is also proof of the success of my trading system.
Let me first briefly summarize my trading system. (For contract reference only)
1. Stable capital management: This is the most important point; without capital, you cannot trade. This is a hard-earned lesson I learned after blowing up my account several times. No matter how much capital you have, whether it's 10wu or 100u, if there is no good capital management, the end will be liquidation. The main things to pay attention to are leverage and margin. If the leverage is too high and the margin is too low, it will seriously affect your emotions, leading to inability to trade normally. Once you open a position, you will become hesitant; when there is profit, you don't want to close the position, and when there is a loss, you don't want to stop the loss. Moreover, after making mistakes, the probability of liquidation increases, always thinking that the next trade will recover the loss. The reality proves that in the end, you can only cut losses and exit or hold onto the position. Another point is the type of trading; the rise of SAND often makes people excited, but I rarely close my positions now because it's not worth the risk. Many people I follow have made profits for months, and suddenly went bankrupt. Later, I looked at their positions and found out they shorted SAND, of course, there were also those who went long on SAND and got liquidated; they not only didn't stop loss but also liked to use high leverage. To learn from this lesson, I now only trade Bitcoin and Ethereum contracts, and even if there is a spike, I will not get liquidated.
2. Unique trading methods: You can take a look at most of the posts I’ve made; the probability of opening a position profitably is very high. Even though I trade frequently and constantly stop loss, in the end, my profits exceed my losses. I never believe in the rumors from the square; I only know which way the market likes to go, and I follow along. I even prefer to place orders in advance and hold for a few days, and the market will bring me the huge profits I want. Besides that, I have some undisclosed analytical techniques, such as where the resistance levels are, key points, breakouts, tops, and bottoms, analyzed very thoroughly, with a win rate of almost 90%.