膨胀的气球

This crappy market, all breakthroughs are scams, it can't hold for three seconds, I've been fooled all day.

After using it for a week, 100U reached 400U, with 5-10 times leverage. It's a bit exhausting, constantly watching the market. My decisions in trading weren't decisive enough, as some positions went up after I set stop losses, which caused my later trades to become a bit distorted. I was reluctant to let go of positions, and in the end, the losses were a bit too high when I finally exited. I still need to strictly follow the plan: cut losses when breaking levels, don’t wait for rebounds, and accept losses. Otherwise, a moment of hesitation could lead to losing everything!
Continuing with the 20 times compound interest plan, I am currently at the fourth challenge!!!

Strengthen rather than weaken, if you go in and find the trend is bad, immediately cut losses. Today I went long on Pepe, but found the movement too sluggish, decisively cut losses and switched to Syrup. Looking back now, the switch was very wise.

The big pancake directly draws the door, bringing the collapsed mountain village coin, probably many people have been taught a lesson again, and their accounts have been cleared.

Looking at the market, I originally planned to only trade LTC in coin margin, but I couldn't resist selling one LTC to enter a USDT margin contract and intended to adopt a compound interest model. My tentative goal is to increase by 1.4 times: 100 USDT, 140 USDT, 196 USDT, and so on. Each time, even if the profit exceeds 40%, I will still adjust the next position according to this ratio, leaving a stop-loss amount so that I can push the next position with 1.4 times the amount. Currently, my USDT margin account has grown from 100 USDT to over 270 USDT, and I have selected several cryptocurrencies, with profits basically doubling.
During this period, I haven't found a suitable job, and I encountered a market surge. Every day, I sit in front of the computer looking for suitable cryptocurrencies to open positions, and I am also trying to trade full-time for a while to see how many times this 100 USDT can multiply. My expectation is to achieve a successful profit-taking 20 times.

It's been a long time since I've written anything here, and it feels quite awkward. Some of the things I wrote before still have a lot of people paying attention to me, thank you. The main reason I haven't written much during this time is that my situation has been unstable; my account has fluctuated quite a bit. I went from over 20,000 to 140,000, then back down to over 40,000, up to 160,000, and now back to over 50,000. The trading during this time has been frustrating. I initially planned to trade LTC in swings, but ended up facing two major setbacks, which caused me to lose back all the LTC I had accumulated over more than a month; it was just exhausting. Recently, I tried to get back into swing trading, but the market has been quite disappointing. Every time I think about holding for a while longer to make a bit more profit, it all slips away. I could have made several points, but I ended up breaking even. Additionally, with my daytime job and taking care of the kids at night, there have been fewer opportunities to watch the market and place trades. So, I haven't updated much, and since my account balance hasn't seen much fluctuation, I didn't feel the need to write anything here. However, things are better now 0.0, because I didn't get along with the new manager and we amicably terminated my contract, which came with compensation. But I've lost a job that paid over 300,000 a year. Given the current job market in Beijing, it seems I will need about a month to slowly find a position that matches my salary expectations. Fortunately, I now have time to send out resumes every day, and I can take the time to look at the charts, make trades, and see if I can get things going again. If I still can't make it work, then I will have to let go of that thought.

This wave can be considered a complete failure. The coin-based replenishment cannot be done anymore, and those who added more have suffered losses, returning to square one overnight. Over the course of a month, I made over 20 LTC by trading with 10 LTC, holding positions and adding more. All profits have been wiped out. I thought it was a wide-range fluctuation, and that holding through a wave would allow me to come back, but last night, after observing until 1 AM, I realized this wave couldn't be reversed. I manually cut my losses early; otherwise, I would have received a margin call today.
As for the upcoming market, I estimate there will be another wave of accelerated decline. Going long can only mean eating small rebounds, so I'll wait for a slow bottoming process. I still have 60 LTC that I initially bought at 89, and that's all the capital left, along with some altcoins that have been halved multiple times.
What really needs to be overcome is human nature. I keep emphasizing not to hold losing positions, but I still couldn't resist and must respect the market. Earn the money you can earn; in this market, being greedy can lead you back to square one in just one wave.
My account has gone from over 20,000 to 160,000, and now to under 50,000. In between, I made many risky moves without steady progress, so I need to calm down and re-enter the market with the remaining LTC.

This market, even dogs shake their heads at it.

It has started to recover. As I said before, I need to survive in the cryptocurrency circle before I can make a fortune. I will try to increase my account to 200,000 yuan with a big rise. The previous strategy also had problems. I did not reduce my position in time near the big pressure point, thinking that the price would rise again after a correction, which led to a serious withdrawal of funds. Because the price dropped due to full position, I knew I could buy in, but I did not have extra funds. Although I could increase my position in the currency standard, I was worried that the 1% possibility would continue to fall, causing the original profitable position to stop loss, so I did not dare to increase my position in the currency standard. In the later stage, near the big pressure point, I must observe in time. If I cannot break through and there are signs of a break in the rise, I will leave the market first or leave the half position to observe!

A pullback of over 40,000 is still quite severe. Fortunately, the opening price is low, leverage is low, and it's just a profit withdrawal; the position is unprotected. Bull markets often experience sharp declines, and this feels like a bull market. Most coins have a pullback of 20-30% from the peak to the lowest point. In the short term, there should be no risk, at most it will test the bottom again. Be patient and wait for the next wave of increase, aiming for the next account to reach 200,000.

It's been a long time since the last update, for two reasons: first, my baby was born in May, and I've been extremely busy. Second, I haven't managed my positions well; I didn't set stop losses properly, thinking that since it's a bull market, I could handle a three times leverage drop. While I was busy taking care of my baby, I didn't pay attention, and as a result, I got liquidated. I bought some altcoins, and I was surprised that the market could cut my investments in half.
After the liquidation, coupled with taking care of my baby, I just didn't have the time or mood to manage my account. By July, my funds were basically halved again, from 200,000 to 140,000. The losses from the liquidation and altcoin investments were severe, and I ended up back at over 40,000.
Fortunately, the OM I bought later surged, and it was the only thing keeping my account from going to zero. Although I sold it at a loss, I gradually sold off my holdings from 1.8 to 3.
After selling OM, I started operating again, and I'm close to returning to the previous highs. Although I’m an old investor, I constantly remind myself and others to set good stop losses, yet I still made the same mistake again. The biggest opponent in trading is really oneself.
This time, the trading failure has been a new baptism for me, giving me new insights into my mindset and trading strategies.
Moving forward, I will set sail again; I will encounter storms, but hopefully, I can ride the waves and reach the shore soon!

On April 9, the account funds reached 140,000, and on March 26, the account funds were 120,000. The lowest retracement during the period was 100,000. Some details were not handled properly, and some positions were entered in a hurry. The entry position of some positions was relatively high, which made it passive later and unable to get a satisfactory profit margin.

Many traders are often confused as to why the market always reverses immediately after they stop losses? This is because the market group is often shrouded in the same dark cloud called fear, and everyone sells their positions together. After the shorts are gone, the market has no choice but to rise. At this time, the bulls return to the market, and the group forgets the previous fear again because of greed and enters a new round of buying frenzy.
---- "Trading for a Living 2"

When most traders leave their original platforms and start risking their own money, they begin to be trapped in negative emotions such as fear, greed, excitement or panic, and rarely successfully trade their own accounts - this proves that mentality is the key to trading success or failure. Few traders working in large institutions can realize that their success comes from managers who do risk control for them. Going out on your own means managing your own trades - this will be discussed in detail in the following chapters - we need to focus on how to manage our own trades.
---- "Trading for a Living 2"

On March 26, to commemorate, the account funds finally exceeded 120,000 from 17,000, and it was 100,000 on March 4. The intervening 20-odd days were really disgusting. During this period, the price reached 120,000 immediately twice. As a result, the profit fell twice and all the profits were taken away.
To sum up, the main impact of profit taking is that the U-based contract wanted to roll the position, but it happened to be rolled twice. In the past 20 days, it plummeted twice. Although it was said that the original price was protected, the capital occupation fee No less deductions either. Considering each individual's personality and capital size, it is better to give up the method of rolling positions for the time being and use spot + contract staged take-profit to place orders.

After a long-lost plunge, the pin is back. Good thing. This is like a bull market. All contract profits have been protected. I am very calm and know that this moment will come sooner or later. It is not a big problem because I have my own logic of making money. It is nothing more than speed. Question, don’t panic if you are new to the market. The bull is still there. It is normal for the currency market to plummet by 20-30% in a day, and even a 50% correction is normal.

On March 4, to commemorate, the account finally reached 100,000. On February 27, the account funds were 80,000. The current market is really a money-making market. It is really a market where you can make money by buying with your eyes closed. Cherish the time when the market is enjoying the market, sit tight and wait patiently for your coins to explode! ! !
As mentioned before, I opened low-multiply mainstream currencies, one dot and one ltc, and waited patiently for them to reach the profit-taking point.

om I really didn’t expect this thing to break out. I entered the market in April 2021 with less than 0.35. At that time, the price dropped terribly, and the trading volume was also pitifully small. I thought it was going to return to zero, but I didn’t expect it to come back. Can get my entry price back! What a surprise!

BTC news has begun to appear frequently on Weibo and headlines. I remember that it was also a hot search at the beginning. All kinds of new leeks poured into the currency circle. After a period of rapid growth, the currency circle began to go downhill. Watching the hot searches continue, I feel... Feel. Mainstream coins and altcoins should not be far away from a big surge. I am a little excited. I look forward to a huge harvest this time and bringing my account balance to a higher level.
The currency circle is a place where small things lead to big things. Don’t use all your wealth to do it. If you can’t do it, just bring in 1 million and you will be used as fuel for others. If you can, you can make it bigger with a small amount. When your profit amount increases, there will be no problem with your trading logic and ideas, and your account amount will grow very quickly.
1 million is a watershed, and this is also my personal goal. If I can achieve it, later transactions will be very comfortable, and the speed of making money will be terrifyingly fast!
Under this marker, see how long it will take to achieve your goal.