Introduce yourself and explain why you are starting to share trades
Entered the crypto space at the end of 2021, right into a bear market. Made my first million in the bear market of 2023, with a peak of three million, all from trading contracts. In 2024, I hit zero, and this year, I'm adjusting my mindset and strategy to start anew.
After in-depth discussions with several friends, we unanimously believe that my offensive skills are great, but my defensive skills are lacking, especially when it comes to controlling my impulses.
Every time there’s a major market movement, I can usually profit, often going from 1000u to 10000u in just a few days. This year, I heavily participated in the July e and the hippo/h/m, but I still didn’t make a profit. The root cause is inadequate defense; I have no constraints when trading, and once I get carried away, I end up losing all the way down.
This is the purpose of starting a live trading account: to impose self-discipline; I have no expectation that you will follow my trades. By showing my live account, I want to create some concern during my drawdowns, to help control myself and apply the brakes. This time, when I start sharing trades, profit is secondary, and risk management will be my top priority. I’ve reviewed my past failures, and they usually happen after a 30% drawdown of total funds, so I will require myself to keep the overall fund drawdown within 20% this time.
This trading account is for my own reference because I no longer use bcoin; I heard it can misuse your system permissions, so I uninstalled it. Additionally, bn is the largest traffic center globally. Who knows, right? One must have some dreams.
So, if I incur losses, I am willing to share them openly; I’m not afraid of being ridiculed; being honest is better. I also don’t need to build any persona; I know that most people in the crypto space are struggling. A few days ago, I saw a trading exchange statistic showing that the average account balance is just over 3000u; it doesn’t really affect you much. This trading account is to help constrain myself.
Of course, all friends in the plaza are welcome to supervise. Feel free to follow along, no need to copy my trades; my trading frequency will follow the market; I will trade more when the market is good and rest when it’s not.
Finally, for those who see this, there’s no need to click to follow my trades. Simulated copying is fine. Just give a follow.