The account has been in operation for 8 months. The total position has been liquidated 0 times and the small position has been liquidated 0 times. However, it has experienced drawdowns and the current returns are acceptable.
After the "margin call incident of a certain order-carrying clerk" attracted widespread attention in the circle, since I am also working in this field, the most frequently asked questions recently are whether I should stop loss or not, whether I should resist orders or not. Well, let me give you a few examples. I happened to talk with a friend about the two transactions that caused me the most losses this year. I will share my feelings during the transactions only once, and will no longer share this kind of information publicly in the future. If I start my own community, I will have in-depth discussions with classmates in the community.
I mainly do intraday short-term trading. Have I not experienced any drawdowns in the past eight months? No, I have experienced two big drawdowns, which made me feel uncomfortable at the time, but as the trading cycle gets longer, the returns continue to reach new highs, and the previous drawdowns have only become small fluctuations in the overall return curve.
The first of these two big retracements was caused by the unusual movement of the address of the US Silk Road to collect the stolen money, which caused the market to crash. I was sleeping and did not see the news. At this time, I was still bullish and had positions. I placed orders before going to bed. With the flash crash of BTC, my first position loss was about 30%, and other positions also had losses of 10%-5%. At this time, the price alarm woke me up. I briefly thought about this negative event in my mind. I thought that this expected negative would not continue to fall a lot, so I continued to hold until most positions were profitable, and then I closed the large positions. This is my first retracement this year. Since I am a fixed-fund leader in this account, I withdraw when I make money and make up when I lose money. I always maintain reasonable risk control. This time, the overall assets have a retracement of about 10%. However, for friends who follow me, if they invest a large amount of money and follow the order configuration I require, the overall assets should be close to a retracement of 20%. This is a very dangerous thing. I am still afraid when I think about it. I don’t want any friend to suffer losses because of following me reasonably, and I will blame myself. If there are friends who use super high leverage to follow me, the end will be extremely tragic. I have warned you many times that if you follow me, please be sure to control the maximum leverage within 10X, and follow with money that you can afford to lose. If you make money, please don’t think about adding positions. Withdraw the profit and make up for it when the principal is insufficient. In addition to trading skills, maintaining good risk control is the key to long-term stable profits.
Let's talk about the second big drawdown. This time, the total funds in the public display account withdrew 18%, and my private position withdrew nearly 30%, about 250,000 yuan. After that, it recovered, so the people who followed me according to my requirements may also have a drawdown of 30%.
I was deeply impressed by this operation and will never forget it. After watching Spider-Man: The Universe with my friends that day, I went home at night and found that the news of BlackRock ETF was fermenting. In fact, I had paid attention to this news two days ago, but the market did not pay enough attention to it, that is, the price was not fed back to the K-line in time, so there was no event that could affect my trading ideas, and there would not be too much change in the short-term operation direction. The market is still short. I am still doing the operation of adding short positions in the future, but as the K-line becomes stronger and stronger, the 1H level K-line goes up and down and closes positive, and after a series of small positive lines, I feel that the air force is going to lose at this time. One after another, I think to myself, it's over! If I lose this short position, I may never be able to do it again. It's better to be sure that it will not break through and continue to hold the order. But reason tells me that if it can't fall, just close it, and there will be a chance to do it again in the future. So during the sideways phase, I chose to close all my short positions when there was a small correction, and started over again to switch to long positions. Of course, there was an element of gambling as well. I filled up my positions in a relatively short period of time. Combined with the market sentiment towards BlackRock ETF, BTC successfully broke through the daily downward trend line and ushered in a unilateral surge at the 4H level. My curve also followed suit and reached ATH.
After I stopped the loss of my short position, some of my friends in the group sighed, some complained, some were sarcastic, some advised me to cheer up, and some made jokes. I was watching all of them, but I was also wondering why I lost so much on this order. I felt bad but had no way to talk. Before I started full-time trading, my salary was not much, and a retracement was one or two years' salary. But at this time, the arrow was on the string. After the big cake tested the trend line, it was very strong and it felt like it was about to break through the rising trend. I opened half of my long positions, and I opened all of them during the rise to chase the long position. At this time, I also told everyone about my bullish thinking, but due to human nature, many friends in the group saw that the price had risen so much and wanted to go short, without considering that the trend had changed. Many friends opened short positions and added short positions after I stopped the loss. I could only sigh when I saw it. My income hit a new high again that day. After a rough calculation, I realized that my goal of making a profit of one million from pure trading this year was finally achieved in half a year. Since I withdrew my earnings as soon as they came in, I only had more than 500,000 in my account. These old pictures were recorded on the Coin Uneasy Square.
There is no such thing as a constant winner among traders. The market is both regular and random. If you want to make money by following orders, the follower and the lead trader must work together. If I make a profit and keep the principal to continue trading, then the follower also needs to withdraw the profit and keep the principal to continue trading. If I lose money and recharge to return to the initial principal, then the follower also needs to recharge to maintain the same initial principal.
From the perspective of leading orders, there are too many ways to maximize the user's profit sharing. Greed and gluttony are human nature, but in addition to original sin, people also have moral standards. My original intention for the all in crypto account was not to quickly obtain profit sharing fees, but to satisfy my good friends who want to make profits and losses with me when I trade. Even my family, friends and colleagues are following me. It has been 8 months since January, and I have not had a margin call, and even none of my small positions opened independently have been liquidated. I may not have a burden on my shoulders, but I will have it in my heart. Thank you for reading my essays and thoughts. That’s all.
