In the past few days, I reviewed a lot of my trades. I was clearly seeing things right, but I got thrown off by a few lines. Later, I understood that if I want to follow the trend, I can just use 3x leverage, find the perfect entry point, and my stop loss would be at most 5%. I was used to 20x leverage, and my account funds were always overleveraged. Sometimes I would double my account in a day, only to have the profits reversed the next day. Stay away from high leverage; slow is fast. Don't trade just to make money. When each trading action is right, the money will naturally come.
Additionally, focus on selecting good altcoins. Don't have dozens of coins in your watchlist but end up owning none. If you want to make money, learn to let go. Keep it up, my friends! From Bitcoin fat cats to Bitwave, now we have Huahua!
I am optimistic about Epic; it has the shadow of Apt from the early stage of the bull market. They are both new coins, with no selling pressure above, and the chips are all in place. Everyone sells at the open. As long as the market stabilizes, it's a continuous rise to new highs. Just like Apt back then, capital loves coins like this.
Summarizing my own trading insights and sharing them with everyone is also a way to relive them.
During a strong upward trend, there will be no downward force. When I can't grasp it and worry about a pullback, that's when the divergence appears, buy at the divergence. When the pullback begins, everyone can understand the crucial position, it is already a different market. Before Trump took office, I had not stepped out of my own trading; I enjoyed bottom-fishing during pullbacks. When the market is completely understandable to us, it no longer follows the original trend; uncertainty is what allows trading to be profitable.
Each market cycle corresponds to a line; do not use past candlesticks to measure the current trend. They can serve as a reference, but that is not a trading system. 🫠 I hope to gain insight and conquer the fear of trading.
Trading skills are one aspect, and trading systems are another. I like compound trading, I also enjoy long-term value investing, or I prefer heavily investing in short-term pursuits for quick wealth; I have not fully found my desired trading model.
Additionally, there is the management of mindset. In short, when I want more, it also means I may equally incur greater losses.
I still need to research market sentiment more, combining technology + market sentiment + trading systems. Perhaps that is a good start.
The pancake is currently adjusting, but that doesn't mean you should short it. If you like to buy at the bottom and sell at the top, you'll quickly leave this market. Go with the trend; if the market is rising, follow it. If you think the space is limited, use take profit instead of shorting. The opportunity to short will come when the market starts to decline. Our small funds cannot influence the market; what I want to do is follow the trend. Bitcoin still has some space above, but it's not large. Keep your hands steady; I call a trending market 'meat,' while a complicated consolidation phase without direction is called 💩. I hope we can eat more meat and let others eat the 💩. If you really like eating 💩, then feel free to have more! When there's a trend, pay close attention; when there's no trend, just sleep. Otherwise, you'll always lose money. When you lose money, you'll want to break even, turning trading into gambling, and the results won't be good. Good opportunities really need to be waited for. Trading is complex, but if done well, it seems like you can achieve freedom for life. Keep it up! Trading must have logic; this logic must convince yourself. You must have stop losses. I have stop losses on dozens of trades, but getting one right can cover all those losses. Trading is a contradictory thing; you need to execute your trading system, but you also need to be flexible and step outside the trading system. Not necessarily the smartest person will do well.
Here are a few stocks that are currently in an upward trend:
Epic: A new coin that capital likes, with hot money flowing in, and there is a lot of space above. This coin is no longer in a downtrend.
Zro: Currently at the end of an adjustment. Once it breaks through the resistance above, there will be a lot of space.
Orca: This coin is hard to catch the breakout point if not closely monitored. It has a rapid surge, and there is still space above. Do not short these strong varieties.
Fart coin: In an upward trend, do not short it; look for positions to go long.
Virtual: Currently not fully reversed, but there is a lot of space above.
In the future, my trading strategy will only use spot for going long, and will use contracts for going short. Take it slow; rushing will lead to losses.