The frequency of orders today has dropped to two orders. Although I didn't make any money, the continuous drawdown has finally ended. A good start in May, let's keep it up!
The last continuous withdrawal in April lasted a week, and the main issue is still frequent trading. This problem must be resolved in May, with a maximum of three trades per day. Even if market opportunities are missed, we must execute trades; it may not be reasonable, but let's focus on doing it first. If we fail to do this one day, the square will distribute red envelopes to everyone. If the trading issue cannot be resolved continuously, the outcome is actually predictable.
I use the dumbest method for trading cryptocurrencies, and my current win rate is nearly 100%! A must-read for all cryptocurrency traders! If your funds are within 50,000 and you are worried about losses, what should you do? Here is the dumbest but most effective method for trading cryptocurrencies, suitable for anyone to operate, helping you maintain 'eternal profits'! This method has no technical barriers; as long as you follow the steps, you can earn at least 3%-10% more every day! Method details: Trade in batches 1. Batch fund management Assuming you have 10,000 in funds, divide it into 5 parts, using only 2,000 for each trade, so even with market fluctuations, you can keep funds to respond to emergencies. $ETH 2. Test with a small investment First, use 2,000 to test the waters by buying a cryptocurrency, testing market trends, and avoiding the high risks of investing your entire capital at once. $BTC 3. Add to position after a drop If the cryptocurrency price drops by 10%, use 2,000 to add to your position, reducing the holding cost and waiting for a rebound to profit. 4. Take profits promptly after a rise If the cryptocurrency price rises by 10%, sell a portion immediately to lock in profits, avoiding the greed that leads to a pullback. 5. Repeat the cycle Follow these steps to continuously repeat the 'buy-sell-add to position' operations until your funds are exhausted or the cryptocurrency is completely sold, maximizing profits. Advantage analysis: • Low risk: Funds are invested in batches, controlling position risk. #比特币 • High flexibility: Adjust operations according to market changes anytime, with ease of entry and exit. #BTC • Stable income growth: Daily rolling operations, steadily accumulating profits. #Cryptocurrency market rebound #币圈 #币圈暴富 #炒币日记 If you are also a tech enthusiast and are deeply researching technical operations in the cryptocurrency circle, consider following Gong Tehao 'Cryptocurrency General Instructor', where you will receive the latest cryptocurrency intelligence and trading skills.
Trading is essentially a gamble; the key is to understand how much you can lose and how much you might earn before placing each order. It relies on probability and a high risk-reward ratio, and only over time can you steadily make money. Trading in small cryptocurrencies comes with high risks and can be very stressful, but the returns can also be significant. Brother Jiang's method involves trading with a light position, setting a breakeven line after increasing the position, and then executing trades based on personal experience and specific market conditions (though it's not always right). To be honest, the hardest part is finding balance; greed and fear are always present. Additionally, when trading small cryptocurrencies with large positions, it often happens that stop-loss orders are not triggered, which amplifies the risk. Don’t talk about how much profit there is if you don’t close positions; if you manage to earn a little from a market trend, how do you cover the losses from previous trial and error with the base position?
江师兄
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Bearish
$ALPACA This is a sad story, an experience of going from earning 30,000 to losing 14,000.
This cryptocurrency seemed abnormal yesterday afternoon; I participated in a short position when it first dropped. Unfortunately, I got stopped out twice when adding to my position, but since I kept watching the market without blinking, I couldn’t let the market makers and traders take advantage of me. Even though I didn't make any money, I also didn't let them harvest a single cent from me.
However, last night, this cryptocurrency saw another wave of decline, and my prediction was still quite accurate. At exactly 12:00, when it dropped, I opened a short position at that moment. During the subsequent decline, I continuously increased my margin from 10,000 to 35,000. During this time, I basically never left the monitor for more than 3 minutes, fearing it would suddenly reverse. I often found that the stop-loss and breakeven orders I set on Binance hardly ever triggered. For this reason, I had to keep staring at the monitor, relying mostly on manual market order liquidation. Even if I had to spend a bit more, I could accept it.
In the evening, while executing this short position, things went relatively smoothly. I kept an eye on the screen, ready to close the position manually if anything felt off. But everyone needs to sleep. I had been monitoring all day, and I was very tired, wanting to sleep by 1 AM. I ultimately held on until 4:30 AM, feeling it should be stable by then. I also entrusted another trader to help me watch the market. I told him to call me if the price returned close to my cost price after he woke up. He woke up at 7:30 AM and called me immediately, but the breakeven setup didn’t trigger. I closed the position manually, resulting in a loss of over 7,000; adding the funding fee, it totaled over 11,000, plus a stop-loss, bringing the total to over 14,000.
This is the crypto world; making money won’t make you earn more, and losing money won’t let you leave easily. Brothers, everyone be cautious, the market makers and exchanges are very tricky; if you can avoid trading, quickly exit the market.
Yesterday was overall a volatile market, which actually wasn't suitable for opening positions, but I still placed several orders, and the result was almost all losses. Now my position management and strict stop-loss have basically been executed well, and the next focus should be on: not to act easily when the market is unclear. At the same time, I should also review in a timely manner, identify those orders that shouldn't have been opened, summarize the reasons, and avoid making the same mistakes in the future to effectively reduce drawdowns.
I got involved in the cryptocurrency world in 2021. At that time, I was still a newcomer completely ignorant of high-volatility markets. Initially, I was very cautious, only investing 100U to 'test the waters,' and to my surprise, I quickly doubled my money. At that moment, I thought I had found the 'shortcut' in life. Thus, my courage also grew, and my capital increased from 100U to 1000, 5000, 10000... I no longer set stop losses for my trades, only thinking about making money with every trade. Even if I had floating losses, I was unwilling to admit defeat, increasing my positions and holding on. Surprisingly, I didn't encounter any major problems, and my account value gradually increased.
Today's overall profit is still good, the market was quite smooth in the morning, and I bought at a relatively good position. However, my ability to add positions and how to balance positions and profits during subsequent market fluctuations was not handled well enough and still needs more practice. Actually, today I was optimistic about #ZEREBRO and #DEEP , while #turbo was just a casual trade, but the result was that the turbo performed the best. The other two had one deep profit retracement by half, and the other ultimately closed at break-even. The market is always changing and unpredictable.
#DEEP Although the entry point for this trade today was good, the position was increased too slowly during the preceding smooth market, and the subsequent market fluctuations led to the position being adjusted to break even. The good thing is that I reduced half of the position in between, resulting in a final profit-loss ratio of five times. If done well, it should be possible to achieve a 20 times ratio, so more practice is needed. Currently at a 50 position opening, it should be able to rise to 100 next month. Keep up the rhythm, and let's go!
You can try to open more after this callback at #NEIROETH , with the stop loss set at the previous low point of the callback, make sure to set the stop loss properly.