What kind of bull market has it been for 25 years?
A friend from an exchange chatted with me privately and said that the market is truly a sight to behold. Half a year ago, those active accounts are now nearly all down to zero, becoming dead accounts. When that Trump coin came out, new users skyrocketed like a rocket, but within a few days, it plummeted, now only 2% of its peak remains. In half a year, four-fifths of retail investors have lost out; this bull market, whether it brings profits or not, seems to have trapped quite a few people.
When you lose money, you keep throwing more money in; this is not saving yourself, it’s giving money to your opponents, and in the end, they swallow you whole. Being reluctant to cut losses leads to small mistakes becoming big ones, and ultimately, everything is lost.
Now the market falls every day, but when I say there's no profit, it doesn't mean it will keep falling. What does no profit mean? It means that in this industry, old money is increasing, and it's becoming harder for newcomers to stand out; there are fewer trends and more fluctuations; volatility has also decreased. If you can't understand this, you might not be suited for trading; it’s better to find a stable job.
Many people think that to trade you need to understand a lot of things, but that's a big mistake. It's like losing weight; do you need to know nutrition, fitness, and pig care after giving birth? Of course not! Losing weight can be summarized in four words: eat less, move more. Everyone knows this, but why are there still so many overweight people? It’s because they lack execution! You tell an overweight person to eat less, and they feel worse than dying. I tell you, if you eat only one meal a day like I do, I don’t believe you can still be overweight!
Trading is the same; the core is execution. You can't make money not because you know too little, but because, like those overweight people, you lack execution!
If you want to make your way in this market, execution is the top priority! Let me share the recent strategy of our team: $ETH 2670 short position, successfully executed last night, and this morning it reached the first target, I have notified to reduce positions in anticipation of lower space. This whole operation is straightforward, with no excessive actions, just a little finger movement, and then leave the rest to time and me!
The next divine plan is in the works, welcome to observe.
