1. Last night, when the market value was around 4.6 million, I sold the gorilla. I entered at around 3 million, and I still made about 50% profit, which was satisfactory.
Moreover, this operation was completely based on the system's guidance. I entered when it broke the resistance level and there was positive news (a major overseas influencer's recommendation). Although it peaked at 6 million and I didn't sell, according to the system, I wouldn't sell unless it broke the support level.
Just last night, I noticed it had broken down, so I decisively sold.
No system can guarantee that you will make all the money.
But a good system at least ensures that you make more when you're making money and lose less when you're losing money.
2. Today, I seriously researched cake. I noticed that the inflation of cake has slowed down recently. Moreover, cake has made a new proposal.
I believe this is a significant turning point.
Although cake has dropped from a high of 44U to less than 3U, its market value has only dropped by less than 4 times from its peak.
This is mainly because cake has been in a phase of issuing more tokens in the past.
This proposal controls the issuance, and if trading volume continues to increase along with the development of BSC, then in the long term, investing in cake is still quite promising.
So I plan to make a regular investment, and later, if the BSC chain declines or cake continues to inflate, I will make adjustments.
The main reason is that after researching a project, I opened an order based on the logic of a certain point of that project, but I forgot to go through the system (because I had some funds on the chain given to my wife, so I opened it on HYPE).
This might be a closed-loop in the brain, because after researching, I felt the logic was fine, and then my brain started to fomo, completely forgetting about the timing, position size, not opening long shorts, and other rules that need to go through the system.
This may also be due to bugs in the system; in the future, I want to find a way to let my wife manage the money on the chain.
When investing, especially trading, it doesn't matter whether the decision is rational or not, but the execution must be rational.
To execute rationally, I need to feedback the rationality of the decision at the time of execution. If I find the decision was irrational, then I should not execute it.
For general funds, it is best to separate decision-making from funds/execution. This avoids the risk of making incorrect executions due to heated decision-making.
1. Last night, Trump caused some trouble with tariffs again. As a result, the entire market, including U.S. stocks, fell.
In terms of cryptocurrencies, BTC is still holding up, but other altcoins have basically crashed.
At this time, many people are probably waiting like "carving a boat to seek a sword" for a major crash market cycle represented by BTC, similar to before.
However, I believe the market has changed now. It is very difficult for BTC to have a significant pullback or crash, thus making it hard to have a long-term deep bear market for BTC.
Altcoins are constantly shifting hotspots. Some altcoin hotspots that have passed may never have the opportunity to rise again.
But there are still opportunities in the secondary market – do a good job in researching altcoins, and then bottom-fish altcoins with potential value. For example, virtual currencies still have opportunities for large positions of 5-10 times.
2. Today is the Dragon Boat Festival, I had a good drink with friends at noon, and in the evening I gathered with family.
What a wonderful day it is.
Let’s work hard tomorrow. Keep it up. Grateful for this beautiful day.
$LPT 1. Recently added hedging positions for BNB and ETH. The logic is: currently, BNB has greater value than ETH. However, ETH's market capitalization is three times that of BNB.
Recently, ETH has risen, and I have suspended the hedging position.
Moreover, the purchased BNB can participate in holder rewards, while the short position in ETH can benefit from funding rates.
The reasons for selling in the future are: either BNB surpasses ETH; or a fantastic project emerges in the ETH ecosystem, and the performance of the ETH native chain improves, changing the underlying logic.
2. Today LPT surged. This led to an increase in the funding rate for LPT contracts. Additionally, there is a price difference between Binance and OK.
What more is there to say? It's just free money.
Quickly lock in the arbitrage. However, the previous OK's funding rate, which was once every two hours, has now shifted to one hour. Although the returns are lower, it's still acceptable. But it is estimated that soon there won't be much profit left.
1. Today I bought some TON. The main reasons are twofold: first, because of the statements from the founder of TG and some recent actions by TG that suggest they want to do something in the AI era.
If this can be successful, and TG develops, it will certainly be a positive for the TON chain. If during this process the TON chain can create some AI-related projects, it would still be imaginative.
TG has users, so it depends on how TG utilizes these users.
Second, because TON itself is at a low point, there is some safety margin; if in the future these logics are not validated, the losses won't be very large.
I missed out on buying yesterday due to FOMO and entered my initial position during today's pullback. If there are significant pullback opportunities in the next month, I will increase my position.
By the way: TON is an investment, not a trade, because I won't cut losses until the logic is disproven.
2. Currently, Binance Alpha is indeed a bit competitive, but the situation is basically determined, so there's no need to waste too much time and energy.
Just follow the steps and slowly increase the positions. Until one day the cost-benefit turns negative, then give up.
The core of doing Binance Alpha right now is to increase efficiency.
Cost reduction: find ways to obtain KYC accounts at the lowest cost while reducing the frequency of facial recognition.
Efficiency increase: find ways to do more research and ensure better sales at the opening.