I focus on listening to advice🫡. From today, public domain orders will only be made for $BTC and $ETH , and the new private domain will continue with the previous non-mainstream coins starting tomorrow. #带单大神
Please note that based on transaction data, there is a risk of a significant price drop for Solana in the near future. If you want to stay updated on the latest trends for various mainstream cryptocurrencies, follow my account.#copytrade #solana
Day 19 of trading, it's time to review yesterday's situation. Firstly, yesterday experienced a significant drawdown of nearly 20%, which I did not anticipate. Let's discuss from three perspectives: trend analysis, position building, and selling.
1. Trend Analysis: I still maintain a bullish outlook on #AVAX , #DOGE , and therefore, despite the market downturn yesterday, I continued to hold and buy more.
2. Position Building: Based on the analysis in the first point, I still adhere to a strategy of buying on dips. However, the strategy was too aggressive, resulting in a position of nearly 30,000 in AVAX, which is the main reason for the profit drawdown.
3. Selling: There are no issues here; during the position building process, I will also look at short-term trends to complete partial sales for profit-taking.
The biggest problem lies in the second point, where the position size was too large during the building process. Although this allowed me to make significant profits a few days ago, it directly led to yesterday's 'Waterloo'. After reflecting on this, I decided to further reduce the position size to avoid building large positions.
Additionally, for the large positions already built in AVAX and DOGE, I will not sell them in the short term. Because the trend is bullish, I have already established positions at a low point yesterday, so there is no need to rush to sell now.
Finally, please take me as a cautionary example; the position building process must be done in small batches. #带单大神 $BTC
Day 19 of trading, let’s thoroughly review yesterday’s situation. First, I experienced a massive drawdown of nearly 20%, which was unexpected. Let’s break it down from three angles: trend analysis, position building, and profit-taking. Trend Analysis: Still bullish on #AVAX and #DODG , so despite yesterday’s market decline, I held my positions and continued buying. Position Building: Based on the above analysis, I stuck to a buy-the-dip strategy. However, the strategy was too aggressive, leading to a $30,000 position in AVAX, which was the main reason for the profit drawdown. Profit-Taking: No issues here. During position building, I also followed short-term trends to take profits in batches. The biggest issue lies in the second point: overly large position sizes during building. While this led to significant profits in the previous days, it directly caused yesterday’s “Waterloo.” After reflecting, I’ve decided to further reduce position sizes to avoid oversized positions. Additionally, for the large positions already built in AVAX and Doge, I won’t sell in the short term. Given the bullish trend and having built positions at yesterday’s lows, there’s no need to rush to sell. Finally, take my lesson: always build positions in small batches.#CopyTradingDiscover $BTC
Are there people from non-China regions following my trades? My trading is very stable, with nearly 200% profit in 18 days and minimal drawdown, ensuring no losses for you. Welcome to replicate my trades. Remember, you must follow proportionally.#Copytrading
Cultivating the mind is about continuously breaking ego attachment.
In metaphysical destiny analysis, there is a saying: destiny is determined by heaven, but fortune is cultivated by oneself. Many people think fortune-telling is about knowing the future, but this is not the case; the true value of destiny analysis is to help us recognize ourselves, resolve attachments, and cultivate the mind. And the first step of 'cultivating the mind' is to break ego attachment. What is ego attachment? Ego attachment is a kind of obsessive 'I am the center' concept, a deep identification with self, emotions, positions, and identities, and an ingrained inertia buried deep within the heart. When others do not act according to my way, I become angry; I feel I am right and am unwilling to accept others' opinions;
Actually, trading is not that difficult. Follow the market trend, do not hold onto losing positions, and learn to admit mistakes. I am not an invincible general either; these are the positions where I suffered losses and cut my losses. Therefore, it is essential to learn to admit mistakes. This message is for all novice traders.
When contract trading enters the campus, it's not about right or wrong, but rather sharing personal views.
I am not a sage; I have my own experiences. Seven years ago, in my second year after leaving campus, I could fully describe myself as a naive newcomer who wasn't afraid of tigers. At that time, due to financial difficulties, I was fortunate to meet a benefactor in my life, my mentor, who brought me into the crypto world. I won't go into the various past events, but I want to mention two things that I still can't forget. I brought two friends into the circle; one lost 56,000 in Inner Mongolia's Hongshan, and the other lost nearly 100,000 in contracts. Speaking of myself, ten years ago, a bride price of 100,000 was not considered small for a rural kid. I lost all of it in less than three days, behind my family's back. Those past events, when brought up today, seem vividly clear. Sometimes, even in my subconscious while sleeping, these bad memories resurface. But I am grateful. Although I lost money, my family did not blame me. It is precisely because of these painful lessons that I tread carefully in my future investments. Perhaps my experiences in the crypto world are just a grain of sand. Today, seeing college students engaging in contract trading reminds me of various past events. Regarding college students opening contracts, I want to say that before clicking 'open position', it's essential to calculate the two risks! 1️⃣: Principal risk: Can your money really withstand the turmoil?
Having come from student life, each month's living expenses are about 1,000 to 1,500. Some students may think of taking 1,000 and leveraging it ten times to make a substantial profit. But the reality is harsh; take BTC as an example, a 10% drop means losing all the principal! Not to mention those even more unstable tokens, where a 20% rise or fall in a day is not unusual. In the contract market, 90% of retail investors end up losing everything.
Moreover, playing contracts involves more than just money; staying up late to monitor the market becomes routine, and there’s no focus in class, with numbers jumping around in my head. Once a liquidation occurs, the mindset collapses, leading to intense self-doubt. Right before exams, I’m still agonizing over whether to buy more to recover losses, and in the end, I didn’t study well, and the money is gone, leaving me empty-handed on both ends. Everything has two sides; what we see is just what others want us to see. There is no absolute right or wrong, only how we perceive and grasp things. Some matters, without charging headfirst and suffering bloodshed, how can we know what follows?