Bit钱茹雨

Recently, we've been talking about position management, beginners can come and learn.

Just like this time's trading failure, let me explain how to manage positions. I normally control my initial position at 3%. Don't complain that the profit is small, as I will explain later.

Assuming there is a reversal during the process, we find the minor resistance lines in the market to add positions. Adding positions is not just about continuously adding until we explode, while adding we must also understand how to reduce positions. If the adding point is advantageous, we can reduce.

I’m worried that beginners might not understand: for example, if you go long at 90,000 and the market drops to the first support level (let's say 88,000), and your initial position is 2 BTC, you add another 2 BTC. At this point, your opening price will be around 89,000. If the market rebounds from 88,000, for example, to 88,500, you sell the 2 BTC you added, and the loss is just the 2 BTC multiplied by the 500-point fluctuation. If the market goes above 89,000, whether you sell 4 BTC (initial position plus added position) or 2 BTC (from the added position), you are still in a profit state.

As for why I control my initial position within 3%, it's because I cannot predict the market's movements 100%. Earning less is fine, not losing is good, and small losses are even better; it’s more stable. Like today, some fans opened positions at 10%, which is quite large. Assuming a margin rate, if your initial position is 1.5%, and the market does not meet expectations, even if you add once, you would still only reach 3%. When you sell the added position, the margin rate will return to around 1.5%. If you go in at 10% or even more, you can calculate your operational space and the probability of being targeted by market manipulators.

The original intention of opening a position is to make money, but I must mention that if you are stuck in a position and cannot add, you may be reluctant to cut losses. If you add, your liquidation price will be closer, and you'll panic, making random operations, or even blindly stop-loss. At that time, your stop-loss and your liquidation price will not be far apart; stop-loss means liquidation, and liquidation means stop-loss. Can you understand this?

Everyone has greed, and I do too. This method yields less profit compared to high positions, undoubtedly, but the risk is also lower. As long as you compound, proceed steadily, and with many market conditions: can 10 trades reach a 50% win rate? Can 10 trades result in 30% without losses? Can 10 trades have 20% with small losses exiting? You can switch this mindset to calculate the value of returns. In front of returns and principal, the principal is greater than the value of returns. With the principal, if this market fails, I can continue to be steady in the next wave and maybe earn it back.

The news is too strong, three hours have wiped out three days of decline
No need to look at the technicals anymore
I’m ready to sell my computer to protect my position, hahaha, anyway, I don’t need it
#美联储FOMC会议 $BTC

Just woke up. Since it's gone down a bit, let me briefly say a few words.
Currently, the spring for the Air Force has not come in a substantial way.
The reason is that it stopped falling at 935.
The rise to 978 is from the increase starting at 935.
You can now understand that it’s changing from resistance to support.
Yesterday, I did a live stream and someone asked me if it would go to 100,000.
If it doesn't break through 98, it won't go there.
There are 3.8 billion dollars in trapped positions above this level.
The 78.6% Fibonacci resistance.
Plus, I mentioned in my live stream a couple of days ago that the four-hour/eight-hour has already diverged.
The daily line has already topped out.
So, a drop is expected.

But you should still keep the champagne ready.
When it tests 935 here again, if it goes down, we will pop the champagne! Haha.
Then for those of you currently in short positions making a profit, you should reduce your position to ensure a profit or do whatever you like, just manage your risk. Even if you lose your profit, you can still re-enter under a risk-controlled situation.
For those who have high positions and feel unsafe, consider where to reduce your position, and act accordingly. Surviving this tough time will surely bring future blessings.
These days have been quite tough, but we cannot relax.
Recently, it's been about the long-short game and double kills.
Up to now, to be honest, I still have a positive outlook on the shorts. 🤪
We just need to manage our risks well.
Live stream tonight.
#BTC $BTC

Two weeks
Finally the alarm went off
But I skillfully picked up the champagne cork🤪
#BTC $BTC

I must go out and spend a little
If money is not spent, it won't come back
#BTC $BTC

Let's take a look at these two pieces of data tonight
But any data reference is just part of what they want us to see
So if you are out of the market, it has been consolidating in the range this afternoon
No rush now
Let's make a move tonight
#BTC $BTC

Where is everyone going to play during the May Day holiday?
I originally wanted to stay at home,
but after thinking it over, I decided to go look for my big brother Du at home.
It's beneficial for my list, hahaha😆
If you all go out to play today, I won't do a live stream tonight.
Otherwise, no one will listen😇

You still haven't made it up after four sprints
Still want to test a few more times
Is it really this complicated for just a step on the gas?
After too many tries, you're exhausted and out of fuel, then you can't climb anymore
Anyway, let's just keep shaking like this for the next few days
It's coming soon

Talking too much right now is useless, let's wait until tonight
Then you all focus on 935, 926, 916
If it stands above 950, just look at the previous high, consider it when it reaches the previous high
There's nothing else, this afternoon is just this market, eat and drink as you please
Turn your grief into appetite, haha
I'll start the live stream earlier tonight
#BTC $BTC

Can't sleep now😎
#BTC $BTC