People who have been struggling with trading often believe that it's due to a lack of money. Have you ever considered that it might be due to your own reasons, such as an immature trading system? Relying on luck for profitability can lead to some gains when the luck is on your side, but significant drawdowns or even liquidation when luck is not. Many people open positions without direction and cannot understand the fundamentals. For example, in the recent days when the short-term market is predominantly bearish, they certainly would not be aware of it. They know nothing about support and resistance, various simple candlestick patterns, such as bullish engulfing, bearish engulfing, etc. At this point, there might be some people criticizing the losses, but you must admit this is the truth. Nowadays, very few KOLs talk about this. You might think we are trying to get you to do rebates or charge a membership fee. You are mistaken; my initial intention is to share trading records and continually improve myself through sharing trades. On this journey of improvement, if I encounter you in a predicament, I will also try to help you. I entered the field in 2019, with a university major in economics, studying investment-related books every day in school. I initially dabbled in mutual funds, then moved on to stocks, and finally started exploring futures. During this period, I obtained three certifications: securities, mutual funds, and futures. I was able to make money through futures in college, covering my monthly living expenses, and later got involved with Bitcoin... The story is too long, and I will share it slowly in the future, treating it as a diary.
The decline is not over yet, pay attention to the level of 4490 for ETH, which is a short-term resistance. You can consider placing short positions with a stop loss around 4550. The first take profit level is 4430, and the second take profit level is 4350. The trend is mainly bearish for the next few days, and only after a pullback ends and stabilizes above 4600 can we consider it the beginning of an uptrend.
Long live the People's Republic of China!! Justice will prevail, peace will prevail, the people will prevail! On this day 80 years ago, Japan announced its unconditional surrender. Let us remember history together.
I do rebates to have a stable income, and at the same time, I can help everyone save on transaction fees, for example, we can save 40% on fees. If we incur a fee of 10,000u, we can get 4,000u, and this 4,000u is what we saved, nearly 30,000R to improve our lives, isn't it nice to buy an iPhone 17 with it? Why waste it for nothing?
The trading logic of anyone belongs to themselves. Countless people have tried to persuade me to go against my own trading logic when I was losing money using their own logic, and it is basically impossible to succeed.
I have been in debt, borrowed online loans, faced countless zeros, and got back up countless times. Until now, I can acknowledge every trade I make, and I have no regrets.
All I need to do is find my own market trends and ride the wave; it's really not that difficult.
There is no trading bible either; even the experts who make billions can lose everything in one wrong move.
The few traders who are publicly the most profitable this year can also become the ones who lose the most; this is normal. How much you can earn naturally corresponds to how much you can lose; gains and losses come from the same source.
The most important thing is to keep observing and try to filter out distractions. Follow your own ideas for every trade; others' signals are merely references. If you maintain this, making money is just a matter of time.
This market can only be shorted briefly. I prepared to take a position with 1000 USDT yesterday, with continuous small stop losses. I saw a drop near 4660, reaching a low of 4452, with target positions at 4350 and 4250 before turning bullish. However, ETH was too strong. I originally set a stop loss last night, but it seems to have been canceled later. When I woke up, I found that my position was gone. With a small capital of a few thousand USDT, it's too difficult to make it grow. But I will still stay true to my original intention and continue trading with small capital. There are many opportunities, and seizing one opportunity can help me rise.
First pullback position for ETH is 4350, second position is 4250.
When opening orders, follow the 10 order (631 principle) with 6 orders at a small loss, 3 orders at a small profit, and 1 order at a large profit. Here with Teng, you can not only learn things, but also build your own trading system and achieve stable profits.
1. The trader should have been active for more than 90 days. This does not mean that a trader who has reached 90 days is necessarily a good option to follow.
2. The maximum drawdown in the past 90 days should not exceed 30% for high return traders, and should not exceed 15% for low return traders.
3. Sharpe Ratio. The Sharpe Ratio calculates the return earned per unit of risk taken in the past. A Sharpe Ratio of less than 1 is a direct pass. A Sharpe Ratio around 1.5 is decent and worth trying with small funds. A Sharpe Ratio greater than 2 meets the basic requirements for institutional strategies and is a target range for many high-quality quantitative traders, worth following. A Sharpe Ratio greater than 3 indicates strong market adaptability and risk control ability. A Sharpe Ratio greater than 4 is extremely excellent and speaks for itself.
I recommend a quantitative trader: Pioneer Quant, which has good data in all aspects, with a Sharpe Ratio between 3 and 4. Everyone can pay attention to it.
If my suggestions are helpful to everyone, please like, comment, and follow. Thank you!
Aoying Capital has stopped losses, it should be near the liquidation price. To avoid liquidation, additional margin must be deposited. Aoying is obsessed with the belief that ETH will definitely pull back, so they have continuously stopped losses on two trades. The first trade is not a big deal with a small loss, while the second trade is a test of human nature and can be understood.
In the cryptocurrency world, there is no one who is an invincible general. Recently, the most talked-about Aoying Capital has held onto 40% ETH. The term 'stop loss' sounds easy, but for anyone, it is a difficult psychological barrier to overcome. Aoying clearly stated on Twitter that ETH is going to pull back, advising those who haven't closed their short positions to hold on a bit longer. We are not targeting anyone; we are discussing the matter at hand. Aoying's thought is that there will definitely be a pullback, which is why they not only did not close their short positions but even added to their positions to average down. This is human nature; everyone finds it hard to control, and it is understandable.
If you resolve this order for me, I can wait for a callback to build a base, close the short position, but be mindful of the forced liquidation price. If necessary, I will need to add margin, then hold the long position and roll over at the right time. The breakeven stop-loss position must be set, and it should be handled like cutting vegetables; take profits and sleep soundly.
Diamond Mordeci eMnZ
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Is there anything more exciting than this? Masters, please provide a solution 🥹🥹🥹