Let me tell a story. When I first started trading contracts, I was heavily in debt, almost ruining my family and contemplating life. But the crypto world is so magical; by chance, I received guidance from a master, diligently studying the technology, spending thousands of days and nights in research and learning!
The journey in the crypto world is long. I hope everyone can avoid some detours and reduce tragic occurrences! As someone who has achieved financial freedom, I have continued to create content on Zhihu. In fact, many people do not understand why, after achieving financial freedom and reaching a few small goals, I still want to do these things.
I have also asked myself the same question during the process of rediscovering my original intention. On one hand, it's for my dream of being a hero; I dedicate everything to trading, honing exceptional skills without wanting to be unknown or unrecognized!
On the other hand, I want to provide a pathway for those who are eager to learn. What I earn in the market is also part of giving back to the market. The way follows nature. I remember when I struggled for over half a year because of how much leverage to use, and I couldn't find a reference path to learn from. I could only repeatedly analyze the K-line, day and night, crawling my way to where I am now. I deeply understand the difficulties faced by retail investors in the crypto world and can empathize more!
In the crypto world, there's an enticing saying: even if you only have 1000 yuan in hand, as long as you can hit 'tenfold coins' three times, you can transform into a millionaire. This is not a fantasy, but a small flame burning brightly in the hearts of many cryptocurrency players.
Imagine starting from 1000 yuan, first turning it into 10,000, then into 100,000, and finally reaching 10 million. This is like a leap in life, with each step making your heart race and blood boil. This is not just a simple number game; it represents a process of continuously breaking through oneself and challenging limits.
To reach this goal, you need three 'golden ideas' — that is, to find three coins that can increase tenfold. This requires real skills, keen insight, accurate judgment, and a bit of luck. Each time you find such an opportunity, it feels like striking gold; you must cherish it, operate carefully, and try multiple times until you succeed.
Of course, it's easier said than done. The crypto market is unpredictable; today it might be popular, but tomorrow it could be ignored. Therefore, we must keep our eyes open, learn more, and observe more. Like vic, banana, id, sui, sol, apt (these are just examples, don't rush to buy them), who knows which one will be the next big hit? But remember, investing requires using your brain; you can't just rely on feelings.
If you want to join this exciting game, you must have a big heart that can withstand storms. Don't be afraid of challenges; if you feel you can't handle it, just join in and mine gold together in the ocean of digital currency. But don't forget, risks and opportunities always come hand in hand; rational investment is the key, so you can steadily sail towards the ship of wealth.
Retail investors, wake up! Poor position control renders even the best skills useless.
In investing, many retail investors often overlook a key factor — position control. Those who can really master position control among retail investors are actually very few.
Making money is not based on luck but on long-term accumulation of experience and skills. If position control is not done well, it can really lead to losses that make you question your life. Position control is the key to investment survival unless you are indifferent to liquidation. Especially with the recent market volatility, with fluctuations of over 10,000 points in a day, how many people's positions can withstand such shocks? Remember, only by surviving in the market can you have the opportunity to profit!
In trading, the importance of position control is no less than technical analysis. Even with excellent technology, poor position control renders everything useless. After opening a position, where should the liquidation line be set? Can each trade achieve a high risk-reward ratio? Have you left enough room for additional investments? These questions are critical.
Investing is not something that can be achieved overnight; don't always think about getting rich quickly or making a fortune in one go. Position control is a long-term process; the money in the market can never be fully earned, but it can be easily lost.
Assuming you start with a principal of 100u,
The first trade was made with a position of 10% (i.e., 10u). After successfully taking profits, the funds grew to 130u.
In the second operation, I used 10% of the current funds (i.e., 13u) as the position, but this time I encountered a stop-loss, causing the funds to drop back to 117u.
On the third attempt, I used the same position ratio as the previous time (still 13u). This time, I successfully took profits, increasing the funds to 156u.
In the fourth investment, I increased the position to 16u (about 10% of the current funds) and achieved profit-taking again, with the final account balance reaching 204u.
When opening a position, always follow the strategy to manage your position:
For example, if the entry price is 2685 (using 10% of the funds), then increase the position when the price rises to 2695 (also using 10% of the funds). At the same time, set the stop-loss at 2705. For a more aggressive approach, you can use a batch buying method, investing 7% of the position each time. The advantage of this method is that it can provide a better risk-reward ratio, such as achieving a ratio of 1:1.5 or even 1:2.6.
When approaching the profit target, about 5-10 points away, you can choose to close 70%-80% of your position, while raising the stop-loss line by 5-10 points for the remaining part. If the price does not break through this new stop-loss point, continue to hold; once it breaks and does not meet expectations, gradually reduce the position, closing 70% of the position at each key resistance level and adjusting the stop-loss accordingly.
If luck is good, by continuously profiting from 2-4 such operations, you may significantly increase your total capital. This method considers both risk control and maximizing profits.
Trading coins means simplifying the complex; do the complicated things simply and the simple things seriously. The path to success is simple and close!
