When entering circle b, prepare first; it is better to enter less than to advance rashly. If it trades sideways at a low level, it will reach a new low; it is a good time to buy heavily. Sell high and dive in; try not to trade sideways.
Always trading sideways means to use sideways to replace the decline. You must hold your currency firmly, as it may rise at any time. When prices are rising rapidly, you must always be prepared to sell, as prices may plummet at any time.
When it slowly declines, it’s time to cover your position bit by bit. Consolidate high and low, wait a moment. The market is trading sideways at a high level and then surges higher. Seize the opportunity and sell quickly; it is trading sideways at a low level. New low, buy full position, good time. If you don’t rush higher, you don’t sell; if you don’t dive, you don’t buy; if you trade sideways, you don’t trade. Buy yin, not yang; sell yang, not yin; only those who go against the trend are heroes.
If it falls sharply in the morning, buy; if it rises sharply in the morning, sell; if it rises sharply in the afternoon, don't chase it; if it falls sharply in the afternoon, buy the next day; if it falls sharply in the morning, don't take a cut; if it doesn't rise or fall, go to bed; hold on to cover your position to protect capital; expect extravagant profits, It's greed. In calm waters, one wave is high, but beware of big waves behind it; after a big rise, there will be a correction. K-line for many days, draw a triangle; for an upward trend, look for support; for a downward trend, look for resistance.
It is a taboo to operate with a full position; it is not advisable to insist on going your own way; you need to know where to stop when things change; you need to be able to enter and exit freely and wait for the opportunity; what matters in currency speculation is your mentality; greed and fear are a big harm; you must be cautious when chasing ups and downs; and be calm. , be comfortable. #BTC
Rationality when trading is reflected in: (1) The general trend must be allowed to run away and never jump off the bus midway - "greedy" to make big money. (2) Exit the market immediately after a 20% correction, and never take any chances - make it clear what the maximum price you can pay for each "greedy". (3) It should never be at the highest point at that time, that is, a decent correction must occur before the profit-making position can be closed. For the sake of "greedy" the overall situation, don't be swayed by the temptation in front of you. (4) It is always "greedy" to follow the trend, and it will end at any time when the momentum reverses - not to go against the trend is purely "greedy for losses". Such stupid things have nothing to do with me. (5) The upper limit of the risk of "greedy" is to lose 20% of the floating profit. The total profit is calculated based on the highest point of the market (when the buy order is profitable) or the lowest point (when the sell order is profitable).
What masters practice is the ability not to do anything. What do you mean not to do?
If you don’t understand it, you won’t do it. Even if you understand it, there are things that you are not suitable for doing.
For example, the stop loss space is too large, the profit space is too small, and the pressure is to break after a sharp rise.
Under the standards, there are priorities and there is also a need to be willing to give up.
So by cutting it off from beginning to end and calculating over and over again, there is very little that can really be done.
The masters do less and less, while the fools do more and more. It's not about how clever the master's methods are, but rather that they don't rush to make money and trade unlimited opportunities for more space. #法师tony语录 #BTC
Don’t play financial games before the age of 30. If you can’t make your first pot of gold in your job, there is a high probability that you can’t in the financial market either; (except for trading geniuses)
When you have a small amount of money, don’t think about value investing and pie-in-a-box. It doesn’t mean anything to you. When Mr. Buffett was young, doubling in a year was a routine operation, but few people used it for publicity;
If you get it right, go for it (get it right = have a very clear understanding of trends, tracks, competitors in the track, potential market value targets, reasonable market values, and a series of basic information). Buffett can take 50% of the position with all his funds. There’s nothing we can’t do if we do one;
Investing is not about going to work. It is better to find a class to pursue making money every day. The certainty is higher.
The gameplay of spot and futures is different. If you use spot thinking or futures thinking to play with the other party, you will end up playing shit.
Taking the current market as an example, I don’t think Bitcoin will fall below 6,000 and enter a long bear market. Then you can slowly buy the bottom of the current spot, such as one-quarter and one-third of the bottom, and every major level of support will Just increase the position, so that the final cost will be around 7,000, and if it rises to 1.4W, the profit will double.
But futures, not just futures, once leverage is involved, you must not play like this! Once leverage is involved, even if it is only 1 times, you cannot have any back orders! Even if you are right at the moment and carry it down, even if you take it 10 times , the judgment was correct 9 times, and I made a lot of money in the first 9 times. As long as I couldn't resist once, the previous 9 times were all in vain!
Some people like to say, "It's okay, I have low leverage. It's okay, I have more than 3 times the leverage. This is extremely bad. Once leverage is involved, you can't have any ideas of taking orders, otherwise sooner or later you will be in trouble."
The stop loss of futures must be limited to 2% of the total capital. For example, if you open a long position of 1W, use 10% of the position, and stop the loss of 9800, then if you stop the loss, you will lose 2% in the end, which means that futures need to be very clear when opening a position. Points and stops, as well as positions. Why should I open a low multiplier now and add more later? This kind of play will lead to failure sooner or later. #法师tony语录 #BTC
Today I will tell you a very famous story: A couple led a donkey out to the market. At first, the wife was riding a donkey, and the husband was holding the donkey. Passers-by pointed and pointed: This man is so useless, he is afraid of his wife, and he lets a woman ride a donkey. The wife was embarrassed after hearing this, so she came down and asked her husband to ride on the donkey while his wife led the donkey. Not far away, passers-by started pointing again: This man is so bad, he rides a donkey by himself, a man doesn't care about his wife, and he lets a woman lead the donkey. Now the husband blushed, and they decided to ride the donkey together as a couple. The two of them were riding donkeys. After walking a few steps, passers-by pointed and said, "What do they look like?" Two people riding this little donkey is clearly animal cruelty. The couple was completely at a loss. This was not okay, and that was not right either. They simply stopped riding and led the donkey for a walk together. But what's the result? The couple were still criticized by passers-by: These two people are really useless. They don't ride donkeys. They are so stupid. Then why do you keep such donkeys? The couple really wished they should lead the donkey outside. How can anyone say that if you don’t lead the donkey out? The purpose of telling this story is to tell everyone that it is actually difficult to be a blogger in this industry. Even better than Ban Mu Xia and Mao Mao Demon King, there will be a lot of trolls under them, and they never cut leeks, but only share their own opinions. There is too much bad energy on Weibo, and you lose a lot of money. I can understand this, and I have said it several times. This is how I got here. Because of the mistakes of the bloggers I trusted, I repeatedly suffered serious losses and my mentality collapsed. , there is no outlet, so you can only come to the blogger to give out, but have you ever thought that others use 1% of the funds, but you use 10x or 20x of the full position to follow, do you have a problem yourself? Going back to the previous question, you will definitely say that you have more principal. Your 1% is more than my entire position. I can only use 10x or 20x to gamble with this little money. Well, there is another problem involved here. , trading and gambling are completely different things. Trading is about waiting for the opportunity to focus on spot goods, and contracts are only used as a tool for bargain hunting, similar to Ban Mu Xia's operation. In this way, even if you encounter extreme market conditions, you will be able to handle it with ease, but gambling is different. In my opinion Come on, 3x and above are all gambling, why?Because a 30% correction is nothing new in the currency circle. The purpose of trading is to prevent your principal from returning to zero. You have a strict trading plan. The bet is that if you win the young model in the club today, if you lose tomorrow, you will work in the sea. This will have serious consequences. mentality. Now coming back to the issue of small capital, I have a Weibo post, specifically talking about the trading records of a friend of mine, who followed me throughout the process, with a principal of 30,000 RMB, and never exceeded 2x. This wave of Mavericks made a profit of 200,000. In two months, the principal has increased 6 times. Looking at the global market, you should not be able to find relevant operating targets. The advantage of a low multiple is that you can hold on to it. Even if the market price is like yesterday, at most it will be a profit retracement without damaging the fundamentals. So don’t argue with me that the problem of low principal is the problem of your operation method. The contract is not a good thing. If it is a good thing, why don’t you make any money? Finally, @bitfatty once told me that there are only two types of people who can make money in this market. One is those who sell high and buy low in a volatile market. One type is for trending market conditions. I personally belong to the second type. I will also be schizophrenic in volatile market conditions. Position yourself, which type you belong to, and then think about whether you are really suitable for currency trading. If you are neither of the two, leave early. If you still insist on high-leverage operations, I suggest you send the money directly to me. I can still call you daddy.
Some people have been discussing the issue of rolling positions in the comment area. This is called adding positions with floating profits, testing positions, adding positions, adding positions... Livermore is my favorite, but his leverage is very high; almost all trading books will introduce this. You can understand this operation method by reading a few books. If you don't know, you probably haven't even read this book.
However, there will be no detailed operations in the book. The specific operations are more related to experience and are difficult to quantify.
It can be seen that the word roll position is not new. It has become more popular recently, maybe because of me, it became popular in the B circle.
Some people use this to scold me, which is very harmful. I can only say that this is a normal trading operation method. There is nothing special about it, and I did not invent it. Moreover, the risk lies in the leverage, never in the technique.
Although the risk of rolling a position can be reduced and the leverage can be reduced, most of the rolling positions are eliminated at the original price. Because the market is mostly volatile, most people cannot accept the situation of being out without profit nine times out of ten operations.
My choice is not to roll out easily to solve the problem of always being eliminated at the original price. However, if I don’t roll out easily, I will be short of the possible big market. But I think it is much better to be short than to gain and lose again, and it is not necessary. No matter how many times you succeed, you only need to succeed four times in your life. In fact, I have only done it twice and I am always looking forward to catching it next time.
So, if you really want to learn this, you might as well learn to be patient first. Before learning to roll, you must first learn not to roll. Rolling means not rolling, and not rolling means rolling, so why bother always insisting on whether to roll or not to roll. #法师tony语录 #BTC
Build a trading system As a trader, you must have a systematic trading idea, and the basis for buying and selling must be very clear. Elements of the trading system: 1. What to buy? 2. When to buy? 3.How much to buy? 4. When to sell?--stop loss, take profit, target price 5. What is the basis for buying and selling? 6. Defects of the system? How to improve the system? Many people think that their trading system has no flaws. I think the lack of flaws is the biggest flaw. There are always loopholes in the trading system. You must understand the loopholes in your trading system, know how much trouble the loopholes will cause you, and be mentally prepared. Otherwise, you will be at a loss when an incident occurs, leading to big losses. It is precisely because of the existence of flaws that traders are more in awe of the market and move forward more steadily. #BTC
Ordinary people entering the cryptocurrency circle must go through at least two rounds of bull and bear markets before they can establish their own investment system.
In January 2017, the price of Bitcoin was just over 1,000 yuan. At this time, many people would see the news, but they would not buy it due to their doubts and hesitation. Later, Bitcoin rose to five or six thousand, and some wealth-making myths appeared. These people were still hesitant, but some people would spend some of their money to try and make mistakes, such as two or three thousand US dollars. After investing two to three thousand US dollars, the price of Bitcoin rose to 10,000 yuan. I still felt that I had not made enough money, so I continued to make additional investments. The amount of additional investments later would be slightly larger than the previous investment. This second investment may have bought more than 10,000 yuan, which is definitely larger than the first one. Then Bitcoin continued to rise, and the myth of wealth creation continued to play out, so Liao Cai boldly made additional investment. This investment may be larger than the previous investment amount, and it was not bought for more than 10,000 but close to 18,000. At this time, Bitcoin made a correction and fell to 14,000. Liancai boldly bought the bottom. Later, Bitcoin rose to 20,000. While Leek secretly rejoiced that his bottom-buying strategy was correct, Bitcoin fell to 16,000 again. In view of the last bargain-hunting experience, Leeks will continue to bargain-hunt. At this time, Bitcoin has actually begun to collapse, and the early profits have already ended and left. But Leek is still bargain hunting, and Bitcoin has fallen below 16,000, below 10,000, below 8,000, below 6,000, and even below 4,000. At this time, two situations will occur. Some leeks will choose to cut their flesh at the bottom of the bear market and leave the market sadly because they cannot withstand the pressure. Of course, there are a very small number of people who do not move and get this cycle, and that is a bloody profit. Let’s say that among the very small number of people who didn’t move, Bitcoin has risen to 16,000 in this round. After a difficult bear market, they finally got out of the trap. Then some of this small group of people may get rid of the trap and sell. . (It is easy to fall into the trap of selling when the bull is first unwinding.) There are also some people who may not sell at 16,000, but the price rises to 20,000. Due to the pattern of the last cycle, they think that Bitcoin may fall. So I sold my Bitcoin. Leek has also summed up his experience. In the next bear market, he must try his best to buy the bottom. It turns out that the price in the next bear market will be higher than the selling price that year. In Leek's view, Bitcoin will continue to fall, so what? I really don’t necessarily dare to buy the bottom.Ordinary people entering the currency circle have to go through at least two rounds of bulls and bears before they can establish their own investment system. #BTC
Have enough patience, time is your friend, the profit of rolling positions is huge, as long as you can roll successfully a few times, you can make at least tens of millions, so you can't roll out easily, you need to find a position with high certainty. Opportunities; high-certainty opportunities refer to sideways fluctuations after a sharp decline, multiple bottomings, and then upward breakthroughs. At this time, the probability of trending is very high. Don't try to copy the bottom of the century, and look for the trend reversal. Click, get on the car at the beginning, (just roll more).
Above the 20-week (or 120-day) moving average, it is bullish. If it does not fall below after several retracements, it is the time to enter the market.
For example, at 1.1w, you can enter the market with a 10% position first, and the stop loss point can be at 1, without taking profit. If there is no callback after rising to 1.2, it means that the trend has formed. If you enter a 30% position, the stop loss point can be at 1.1, and so on. Every time it rises by about 1,000, enter 30% of the position. Realize floating profit and increase the position until the position is full. At the same time, the stop loss point must be moved up close to the opening price to prevent black swans.
When your full position has a floating profit of 100%, you can choose to close the position at a relatively high point, then enter the market in two steps, and so on, to achieve rollover. #BTC
Some people like to regard what they once had as what they should have earned. They always feel that I could have earned it. If I had achieved what I have now, I would have earned it.
How can you judge that you can get what you have now without selling it at that time? Since you sold it at that time, you will sell it later, and there are countless selling points waiting for you.
I once bought BNB for about 150,000 dollars when it was over 20 points. Later, Bitcoin kept rising and BNB kept fluctuating. Then I sold it at 20 points. I also owned it before, but I never mentioned it, and I didn’t have any regrets. , because even if I don’t make 20 points, I will still sell after doubling. There is no big difference.
I couldn't make this money, not that I have it. #法师tony语录 #BTC
Many people are talking about various indicators. Can indicators predict future trends? What indicators should we learn?
Indicators do not predict future trends. Indicators are based on a series of calculations on prices. The price comes first, and then the indicator.
for example: Take the moving average indicator as an example. It does not mean that if the K line breaks through MA20 upwards, it will definitely rise. This is not how the indicator is used. For example, when it is oscillating, you will find that the moving average is not easy to use. The K line is always going up and down above the moving average. Down.
The correct way to use this indicator is to use this indicator as a rule for opening and closing positions. If it is right, hold it. If it is wrong, stop the loss. Force yourself to implement the rules. As long as you manage your funds well, when you encounter a trend, you can take advantage of it. To the big market. #法师tony语录 #BTC
It may be that there are more and more copycats that are skyrocketing. Many bloggers who saw the analysis seemed to have caught on. Many people lowered their heads and stepped on the chest. They were short-term and short-term. The problem is that you haven’t been empty in the past two years, either? But what about the money you earn?
This is the same as when you open the P site. There are women with big breasts and big butts everywhere, but you just look at them. They have nothing to do with you, right? If it comes to your own situation, you masturbate every day.
Analysis and trading are two different things, so there is no need for them. #法师tony语录 #BTC
Whether you are short-term or long-term, if you make 200% in a big market, as long as you can keep most of the profits, you can make another 200% when you encounter a big opportunity next time. This is 4 times...as long as you can keep the profits. Can compound interest continue. If you make 200% this time and then lose back, what's the use? There is no such thing as shortfall in the trading market, there are only two results: loss and profit. There may be some people who feel that they have found the right path and will soon become rich.
Finding the way just means that your probability of making money increases. In fact, this method of operation requires a lot of mentality, patience, and courage.
1. Are you willing to wait patiently for a good position?
2. It is better to miss than to make a mistake. When a large profit occurs in a position, do you dare to give up the profit and continue to hold it?
3. Can you boldly open a position without caring about the loss of your principal?
The anxiety of missing out, the urgency of settling down after making a profit, the worry of losing money after placing an order... It takes a long time to practice, you have to be cautious if you want to play, and at the same time try to make a profit.
Of course, finding the road is still much better than playing blindly. Many people never find the road in their lives. #法师tony语录 #BTC
Many people have always thought that the key to getting rich through currency speculation is the so-called wealth code. The wealth password is of course very important, but the premise is that you have the ability to grasp this wealth password.
Do you think I mean you have to be able to hold it?
It's not that simple.
How do you know that what you took is not a zero-return coin? How many people went bankrupt and jumped off the building because they took the zero-return coin because of a heavy position?
You still have to form your own investment logic.
For a wealth code, how about you go to the left and make value investment, study its fundamentals clearly, and have a deep understanding of its value. Then, the day when you get its price can realize its value.
Otherwise, you go to the right and do trend trading. Follow up after a breakout and sell after a breakout.
Going to the left, you have to work hard to understand the track this coin is on. Research clearly the advantages and disadvantages of this coin. Do in-depth research. Otherwise, if you don’t have faith in your heart, you will definitely not be able to withstand fluctuations. Even with the help of the grid, you will constantly doubt yourself whether to close the order and wait until the price drops before opening an order.
To go to the right, you must have a deep understanding of the breakthrough on the right, how to use the technical analysis indicators of the breakdown, and the dynamic management of positions. You also have to endure frequent scams in volatile market conditions.
Regardless of the left or right side, you have to have some materials. Only then can you make money on this wealth code.
The password of wealth is 0, and you are the 1 in front. #MasterTonyQuotations#BTC
There is a very important principle in trading: don't make small money, don't lose big money.
It’s a simple 8 words, but it’s actually very difficult to do. For example: You place an order for 2W, and the price rises to 21,000 after the opening. You are very happy, you cut the profit, and you make 5%. As a result, the market keeps rising to 2.5W. ..You made 5%, but lost 50%;
Then you tell yourself that you want to make big money, and this time you are determined not to make a profit. Then the market returns to 2W, and you open another order. After the order is opened, it rises to 21,000. You tell yourself, learn from the last lesson, and hold on to make big money. , as a result, the market returned to 2W and fell below 2W to 19500. You stopped the loss.
Many people remain in this dilemma throughout their lives and cannot get out of it.
Is there any way to make money in both big and small market conditions? No, you have to choose one of the two. I usually choose not to make small money. I can't do what I said 100% of the time, and no one can do it 100%. Just like a man can watch less P sites, but he can't stop watching P sites at all, unless you cut yourself off. Be a man.
But I can tell you the correct concepts. How much you can achieve depends on your personal cultivation. Each of us can only achieve a certain proportion of these concepts, and we should try to increase this proportion as much as possible. #法师tony语录 #BTC
1. Only by trading with money you can afford to lose, and not being afraid of losing money, can you make a profit;
2. "Fundamentals + technical analysis" combines the two to determine the direction. Only with the support of fundamentals can the trend be more stable;
3. Only do daily level trend market (fluctuation >30%), do not do intraday short-term, do not do volatile market, and do not hoard coins;
4. Still stick to the trend strategy in a volatile market, strictly stop losses, and wait patiently for the trend to arrive;
5. If you make a mistake in the wrong direction, you will never take the order. Making a mistake is not terrible, but returning to zero is the most terrible thing;
6. Compared to short selling, Bitcoin King prefers to do long positions;
7. In the trending market, Bit King will wait patiently and choose a position with an advantageous price to enter the market. #BTC
Under normal circumstances, it would take at least three rounds of bull markets for ordinary people to rely on speculation to change their destiny in the market. When entering the market in the first round, you can only have a preliminary understanding and understanding of the market, or even just a superficial understanding. You still do not have a clear and correct understanding of the cycle and the laws of market operation. There is a high probability that this round of bull market will end in losses. At the end, even if you have earned it, you cannot keep it. In the second round, with the last experience, you have seen the cruelty and horror of the market. You are considered an old leek, and you will become extra cautious and not reckless. This is a double-edged sword, which will protect you from pitfalls and bring you harm at the same time. Some biases have led to missing some new narratives and concepts. Although you won't lose much money in this round, there is a high probability that you will lose the most beautiful guy in the entire bull market. The third round is the stage that truly belongs to you, because you have fully understood the market and cycles, have a complete system and strategy, and start to try counter-cyclical operations at the end of the cycle. You only need to fully believe in the experience you accumulated in the first two rounds. Experience and lessons, overcome weaknesses and control leverage, no longer make the same mistakes as in the previous two rounds, be sensitive enough and brave enough to the new concepts emerging in this bull market, and there is a high probability that you will reap your own wealth in this round. #BTC
Many people are learning various techniques, drawings, indicators, or news... In fact, these are not the core of trading;
The core of the transaction is two points: 1. Mentality, a good mentality, don’t be upset about losing money, don’t be happy about making money, to put it bluntly, don’t treat money as money; 2. Make big profits and small losses. When you lose, you lose small money. When you make money, you make big money. The core of trading is these two points. As long as you can do these two points, you can make money.
You think K-line is important, but in Livermore’s time there were no monitors, not even K-line, and the prices were reported by telegraph machine and copied on the blackboard. How did he make money?
Of course, if you want to make a lot of money, you also need a little courage. Don't try in the wrong direction. #法师tony语录 #BTC
Trading is not done every day, and may not even be done for a long time, but analysis needs to be done every day. Three days is a lot if you don’t talk about it. Let’s talk about the market. Let’s talk about the market. After talking about it, you will talk about it, and you will talk nonsense. Go ahead. Go short.
I think I still want to be more open-minded and content with what I have. 95% of the people in the market have already lost their money. You will still be able to make money back and start making money, which is more than 95% of people. As long as you live, the market will always be there and will give you the opportunity to make money. , but if you lose it, you will have no chance at all. If you always care about how much others earn and then look at yourself, you will easily become unbalanced. Just compare yourself with yourself, there is no need to compare with others, there will always be someone better than you.
The most interesting part of the trading market is: When buying lottery tickets, even though the probability is so small, you always think that you will win; When running a red light, although the probability is very small, everyone will think that the one who was hit was not them.
Keeping cash out is my solution to this paradox. #法师tony语录 #BTC