I really should criticize myself a bit, It's a bad habit of mine to hold onto losing positions and stubbornly cling to profits, Now I have to look for the next coin that I can buy on the rise and sell on the fall.
4/10 Wealth Redistribution, I just deposited 100U! Expected to be similar to the trade war in 2018, after which prices plummeted and consolidated before starting a bull market, just waiting for Powell to cut interest rates.
Last month I tried a strategy with a high win rate, even though it was easy to make money this way, the profits were small, and I needed to constantly look for targets, which was too time-consuming. This time I plan to use a strategy with a low win rate but high risk-reward ratio to open positions.
A few days ago I had a liquidation of 100U, let's see how far this time can go~
Alright, it seems like I should just give up soon! Seeing myself get liquidated is really sad.. . . . Just kidding 😜 Did you guess I was going to say I would quit? Or that I would never trade coins again? . Alright, let's talk about what went wrong with my liquidation this time. . 1. Trying to catch the bottom while neglecting the risks of not touching the trend line I personally like to use trend lines as a technical indicator, but I lost because I sold too early when the candlestick was rebounding but hadn't touched the trend line yet, and later continued to drop, only to realize there was still a bottom beneath the bottom. . 2. Opening too many positions losing control over funds This doesn't refer to frequent trading or crazy stop-losses, but rather opening many positions in other coins. While this may seem like a way to improve efficiency, it also increases the risk of managing positions, seeking speed but adding unnecessary risk is a big no-no. . 3. Operations different from the original strategy Everyone has their own trading strategy, but if the strategy set beforehand differs from the later operations, it can lead to confusion about what one is doing. I accidentally increased my position blindly because of this, adding a lot of risk to myself, which is also a big no-no. . Alright, this liquidation was actually quite refreshing. I roughly understand why so many people get liquidated. It's not about avoiding greed and fear or whatever nonsense, but rather prioritizing risk management, and you need to pay attention to risk control no matter what you do or think from start to finish! It can be pretty exhausting. . Alright, that's it for this article~ Although this liquidation is sad, it allows me to improve my trading strategy, and it reminds me to always prioritize risk awareness, looking forward to going further in the next trade 😁 Waiting to withdraw money on the 10th to invest another 100U to continue the journey~ . To all the family members in the crypto world, let's work hard together in the future :))
After the end of this month, it means I have been in the crypto space for 5 months. It was quite a struggle until the fifth month before I really started making money. Surprisingly, this month I changed my approach and mindset, I realized that making money can be so easy and simple. I finally understood that investment is all about 'flexibility and mindset', Letting myself be happy when I make money and even happier when I lose money!
Today let's share a little happiness . Since I don't know when it started, I've realized that no matter how I operate, I'm no longer losing money, unexpectedly finding my own trading style. In the past half month, I've only lost on transaction fees; the rest has been profit. .
Honestly, I'm different from other trading geniuses. While others start off making money, I spent four months in the crypto world losing money. I really began to make money in the fifth month. At first, I lost about 600 USDT, which was quite upsetting, but after working hard to master my own trading style, I now have my own set of strategies and methods. In the future, I don’t know if I will be cut down like a leek, but since my operations can be profitable, I want to give it a try; it should be okay... right?
Ah, let's not look at the BIO profits and losses for now 😂 I made some wrong judgments and opened both long and short positions, waiting to break even at the take-profit point. Let's just leave it be and let it run wild.
Looking closely, I feel quite regretful, It took me four months to truly learn how to make money in the crypto world, Perhaps it's true that money can buy experience, Only with more experience can one make money, I can only say the road ahead is still long, I have already increased my original 100U to 160U, I have doubled it 5 times, Next target is 320U!
Oh, by the way, after a month of Bitcoin's pullback, it reached 60k. Does anyone dare to go long?
The originally opened short position for hedging has been resolved ☺ But figuring out how to resolve the long position is still a matter of study, Let's work hard to get it back!
【Challenge to double 10U 20 times to 5 million U! 4/20】 . If we don't set a stop loss again, still deluding ourselves that going long and short to hedge will bring it back, this is the last time. . Find a way to bring it back to 160U
It's nothing much, just wanted to ask everyone, if you were investing like me and losing every day at the beginning, what would your mindset be after three months? I am quite calm, currently working hard every day to review and analyze my strategies and consolidate my shortcomings, hoping to accumulate my strength.
Perhaps I am not as lucky as most people who can make money right from the start, I just hope to make myself more valuable in the future. #韭菜
0203 Bloodbath Day Commemorating this terrifying day.. Originally wanted to buy the dip and go long, but suddenly had a thought telling me to stop, so I didn't trade, after waking up, I found the situation had completely changed, fortunately, my position still remains at 96U, I wonder how everyone in the crypto circle is doing.. At the same time, I want to ask everyone how low they think it will drop? #加密市场回调
Let's write about my thoughts after just completing my third month in the crypto world! These three months have been very fulfilling, I've learned a lot and experienced many things, which has deepened my understanding of investment! I'm grateful that I entered the crypto world during a loss, I'm glad that I made trades based on my own judgment, and I'm also thankful that I'm not a wealthy person, which allows me to see the word "wealth" so clearly. No matter how I think about it, I feel really lucky😊 . I don't know what the future holds, but as long as I stay determined, I believe I can carve out my own path, as long as I improve every day compared to yesterday, that's enough! In the new year, everyone in the crypto world, please take care of me!
[Challenge to double 10U 20 times to 5 million U! 4/20】 Today is 2025-01-30, and the position $PNUT is closed! After seeing the rise of Squirrel yesterday, I closed my position directly. It really doesn't work. Everyone is pessimistic about Squirrel and just give up. Today I topped up 89U plus the original 17U. I have successfully doubled my output 4 times with 10U. (Okay, I know that direct deposits can’t be calculated this way) One by one, one by one, one by one, one by one, one by one, one by one, one by one, one by one Okay, let’s talk about the next operational plan! Currently planning to divide it into three positions. One short-term position, one medium-term position and one long-term position. . For short-term positions, we mainly look for stocks that are only hot. In fact, there is no currency that Sao Gang used. The operation method is to use 1% of the principal to short sell until it rots. (Anyway, after your optimism wears off, it's my turn to feel good) x . For mid-term positions, look for market sentiment. The value of the currency is depressed. The operation method is to buy in batches. If the price drops, add to your position. If the price rises, slowly sell to lock in profits. Slowly roll the warehouse up. . For long-term positions, those are still unpopular now. But there may be a currency that will become popular in the future. At present, I am optimistic about the applications of Bio and Desci. Although the market is in a mess now because of Trump's father, But in the future, I believe that the coins I invest in will be visible. One by one, one by one, one by one, one by one, one by one, one by one, one by one, one by one I currently hold three currencies: Short-term positions are still looking for currencies. Medium-term warehouse $ALICE Long-term warehouse $BIO
"Don't be influenced by others, focus on your own investment speculation" "I'm not afraid that you won't buy it, I'm just afraid that after you buy it, you'll be suspicious"
【Challenge to Double 10U 20 Times! 1/20】 After the painful loss of 100U yesterday, today I regrouped and recharged myself with 16U, planning to challenge doubling 10U 20 times, with the goal of doubling 10U the first time to 20U on the second!
This time I'm going long on $PNUT ! Some may think I'm crazy for going long on this junk coin, but I still believe in my judgment. I will share the results with you all later!