火哥的交易日记

I have been in the cryptocurrency space for ten years. Six years ago, I quit my job to trade cryptocurrencies. From being in debt to becoming rich, what truly changed me was a night five years ago. A senior mentor's words struck me deeply, helping me to clarify my position and understand the eight major phases that cryptocurrency investors must go through. By constantly comparing myself to this and using it as a mirror, I finally regained everything I had lost! Perhaps in the eyes of some, retail investors will always be the lambs waiting to be slaughtered!
If you are ready to enter the cryptocurrency space, I sincerely hope this article can help you. As someone with decent summarizing skills and expression, I believe some of my thoughts may be helpful to you. Alright, enough with the small talk, let's get straight to the point~ When it's hard to make a selling decision in trading, ask yourself: If your analysis is correct, then why is the market moving in the opposite direction? The only reason is that you are wrong, because the market does not make mistakes! After ten years of ups and downs in the cryptocurrency space, from huge losses to substantial returns, I have summarized the following trading disciplines and insights.

In a corner of a bustling city, Tianfu was once an ordinary programmer, working from nine to five, navigating through the sea of code. His life was monotonous and regular, but deep down, there was an unsettling power surging. Whenever the night was quiet, he would browse some news about blockchain and digital currencies, and those stories of overnight wealth and technological revolutions attracted him like a magnet.
Finally, one day, Tianfu made a bold decision - to fully invest in the cryptocurrency realm. This decision was like a stone thrown into a calm lake, creating ripples in his life. Family and friends had mixed opinions about his choice; some supported his pursuit of dreams, while others worried he would lose a stable life. But Tianfu was determined; he believed that in this field filled with unknowns and opportunities, he could find his own space.

1. Rolling Position Concept Rolling positions, as the name implies, involve continuously opening and closing positions in contract trading to gradually profit from fluctuating markets. It is like practicing Tai Chi, using force to counterforce, moving with the market, and transforming market fluctuations into a source of profit.
2. Rolling Position Strategy Players who adopt a rolling position strategy usually possess keen market instincts and quick reaction abilities. They keep a close eye on the K-line movements like a cheetah, and once they capture a favorable signal,
4. Decisively strike, enter and exit quickly, striving to 'harvest' in each wave of decline in rolling position risks.
3. However, rolling positions are not a guaranteed way to make money. High-frequency operations mean high transaction costs. A slight mistake could result in a 'wasted effort.' Additionally, the market changes rapidly; a small misjudgment could lead to being 'washed up' by the reverse trend, falling into a vicious cycle of increasing losses.

After years of ups and downs in the cryptocurrency market, I have summarized eight insights that I hope will be helpful to everyone.
Morning Market: Seize the timing. The market sentiment in the early morning is relatively pure. If the price drops sharply, don’t panic; this could be a good opportunity to accumulate at a low price.
On the contrary, if the currency price skyrockets in the morning, don’t be greedy; securing profits at this time is the wise choice.
2. Afternoon Strategy: Respond calmly. If the currency price suddenly surges in the afternoon, do not be impulsive and follow the crowd to chase it. Such surges are often inflated, and buying at high levels can lead to difficulties.

After the bull market in 2021 ended, my capital account had about 12 million RMB. I originally did e-commerce in Shenzhen, earning 20,000 to 30,000 RMB a month, with monthly expenses over 10,000 RMB, allowing me to save 10,000 to 20,000 RMB each month. Like many 'migrant workers' in Shenzhen, I wanted to buy a house, but with this income level, saving for a down payment was uncertain.
With a neck, it's very hard for salaries to rise. It wasn't until I got involved in the market that I realized I could use cryptocurrency + leverage + to multiply my assets several times!
I took out 4 million for the down payment to buy a house in Shenzhen (after graduation, I changed my household registration to Shenzhen, and after paying three years of social insurance, I had the qualification to buy a house), 2 million for cashing out for daily use, and the remaining 6 million left in the exchange. To summarize my advantages:

When I first entered the cryptocurrency market, I was still a student, starting my journey with 2000 USDT. The reason it was 2000 USDT was due to the OKEx USDT + the remaining balance with an annual interest of 10%. However, each account could only invest a maximum of 2000 USDT, which could be termed as simply earning coins. At that time, I hoped to earn some money, and my friend suggested I convert the money to USDT and deposit it in the remaining balance on OKEx.
This friend of mine is a rich second generation who got involved in cryptocurrency trading early on. He often brags about how much he earned yesterday and how much he made today, showing us his profit charts, which often show multiple returns. In fact, I knew about virtual currencies quite early and decided to trust him and give it a try. At that time, I thought the interest was three to four times higher than that of savings accounts.

From 50,000 to now several million. It is also through trading cryptocurrency that I achieved class transition and financial freedom! If you say there was no cryptocurrency opportunity, I might still be working overtime at some company, easily being bullied by my boss or being difficult for clients! I have had this chance to turn my life around. How many people spend their whole lives only to see this opportunity slip away! Or they may never have it! And one day, the phrase 'ten years in a day' is really not said in vain. The cryptocurrency space is indeed a place that easily inspires faith.
2024 will start a crazy bull market in advance, 2024-2025 will be incredibly wild, unimaginable!! Frequent losses and being trapped, have you found the underlying reasons? No matter how many points you are trapped, it can be reasonably resolved. Choose the right entry points to make up for losses, turning passive into active.

Suddenly realized that losing 300,000 is nothing! I've been trading stocks for 13 years, and in the early years, I lost 70%, going from 1,000,000 to 300,000. After experiencing various pressures, pain, and confusion, I finally had a great awakening. I simplified my trading techniques and achieved continuous stable profits for 6 years. If you plan to stay in the stock market for the next three years and aspire to make stock trading your second career, you must read these 10 iron rules. They are all practical tips for making a living from trading stocks, and I recommend saving them!

1: A common problem among retail investors worldwide is holding on to losses indefinitely. When there's a slight profit, they sell immediately, ignoring trends and trading volume, only looking at account gains and losses. The result is unlimited losses and limited profits. The opposite approach is needed: hold on to profits indefinitely and cut losses as soon as they occur. My profit-taking and stop-loss principle is to take profits at 15% and stop-loss if profits drop to 10%. If it continues to rise, hold on to it and let profits run. If the stock drops after purchase and losses exceed 5% of the principal, then stop-loss. If you can ensure a 10% profit-taking and a 5% stop-loss each time, then after 100 trades, even with a win rate of only 50%, your return will reach 800%. Is it difficult? The difficulty lies in human greed and fear; knowledge and action must be unified.

Entering the market from 50,000 to 100,000 to 302,000, the third year reached 590,000, in August of the fourth year it reached 3.78 million, and in November it reached more than 7 million until a few years ago, when I could easily withdraw 30 million from the cryptocurrency market. During this period, I fell to rock bottom, when I once reached around 4 million, at that moment, I thought I could be considered a big player in the crypto world. I resolutely quit my job to focus on trading coins, even borrowing money to trade coins. However, reality gave me a harsh slap in the face; the financial crisis caused me not only to lose all my profits but also to fall into a mountain of debt, and in the end, I had to sell my house, and my husband almost left me.

The plunge in the cryptocurrency market this week has attracted widespread attention. The reasons behind this are multifaceted, including the influence of macroeconomic factors and the particularity of the cryptocurrency market itself.
Worsening macroeconomic environment: Concerns about global economic recession: Geopolitical conflicts, energy crisis and other factors have heightened market concerns about a global economic recession, investors’ risk appetite has declined, and funds have withdrawn from high-risk assets.
Major cryptocurrencies such as Bitcoin and Ethereum fell below key support levels, causing panic in the market and investors to sell for safety. Some institutional investors chose to reduce their positions or exit due to increased market uncertainty, exacerbating the market selling pressure.

This is the rhythm and stage of the next bull cycle in the cryptocurrency world. If you grasp this, there will be basically no problem. The only thing left is the belief in the cryptocurrency world!
Now we need to plan for the crazy bull market in the last half of 2024:
(1) The second half of 2024: The Fed cuts interest rates and buys BTC+ at the bottom. Hold it until it breaks the high of $74,000 before 2024. View: Only when BTC rises violently can it be a real bull market. If it continues to suck blood from altcoins, including ETH+, it will also be in trouble. BTC will continue to be strong.
(2) When BTC price rises to 73,000U~80,000U, we will decisively liquidate BTC in batches and buy ETH+BRC
Audi ORDI and a series of inscribed local dogs of 20. For other sectors, you can refer to the leading currencies A1, Web3, L2, chain games, Yuanyumu, NFT, social, RWA, new old chain +, pledge, MEME, and select high-quality coins for layout. (3) The second half of 2025: Decisive and accurate escape from the top. Brainlessly short BTC at a high level, low-multiple long-term is also OK, or do not do it and directly withdraw funds to travel. View: At that time, the macro dollar began to raise interest rates, tighten quantitative easing policies, the US dollar was strong, and risky assets such as BTC began to depreciate. History is so similar, and the truth has not changed for thousands of years.

How to Become a Top Trader: Turning 50,000 into 600,000,000 in 7 Years!
It turns out that it is so easy to make money by trading. It only takes these three steps! Master them and easily increase your account tenfold!
Step 1: Look at the trend first Step 2: Find the key position Step 3: Find the entry signal Enter the market, make a profit, close the position, and leave
Isn't it simple? Let's talk about it in more detail. Step 1: Look at the trend. The state of the market has three possible outcomes: rising, sideways, and falling.
What is a big market? Look at the periodic chart of more than 4 hours, such as 4 hours, daily, weekly
(My personal habit is to look at the 4-hour chart) Go long if the price goes up, go short if the price goes down, and don’t make any trades if the price goes sideways

When I first entered the cryptocurrency circle, I was still a student and started my journey with 2000u. The reason why it was 2000u was that the OuYi usdt* YuBiBao+ had an annualized interest rate of 10%, but each account could only invest a maximum of 2000u, which should be called simple coin earning at the moment. At that time, I hoped to make some money, so my friend suggested that I change the money into u and deposit it in OuYi's YuBiBao. My friend is a rich second-generation who has been involved in cryptocurrency speculation for a long time. He brags to us how much he earned yesterday and how much he earned today all day long, and shows us his profit chart, which is often several times the profit. In fact, I knew what virtual currency was very early and decided to trust him and give it a try. At that time, I thought that the interest rate was three or four times higher than Yu'e Bao. It happened that at that time, I had collected all my living expenses from my body and relied on frugality to save money, which was exactly 2000u, leaving 1000 yuan for food. So I registered an Ouyi account and converted all the money in Alipay into U and deposited it into Yubibao. At that time, the currency circle was a market. I saw that almost all the coins on the software were falling every day. My friend shouted short all day and made a lot of money. Although Yubibao has a high interest rate, because the principal is only more than 10,000, my daily income is only enough to buy a bottle of drink. Seeing my friend making a lot of money by shorting, I asked him to teach me how to play Contract+. In fact, the contract is very simple, just like gambling and guessing the size. I was also a gambler at the time. After learning it, the first operation was to pull the full leverage. The first order I opened was to short a low-quality copycat coin. After opening the order at night, I went to bed. When I woke up and saw that the account was profitable, I immediately closed the position. This order brought me more than 200 U of income, which was more than the interest of Yubibao in a year. At that time, I felt that this money came as easy as pie in the sky. I immediately transferred all the money in Yubibao to the contract account and started my contract trading career. At that time, I studied K-line +, technical indicators, browsed various news, joined various contract groups, and listened to the nonsense of those who led the orders. Except for sleeping, attending classes, and eating, I spent the rest of my time watching the market. My position management was 25% position with 10 times leverage. In addition to opening positions according to K-line normally, I also had a special way to open positions. I followed my friend's account on Ouyi, and I could receive information when he opened a position.My friend is actually a half-baked person in trading. He brags to me when he makes money, and keeps silent when he loses money. In general, he doesn't make any money at all, but loses more. If you follow him to buy and sell, you basically lose more than you win, but I don't do the opposite of him, but like to enter the market when he loses money. I have to say that the winning rate of this strategy is really good. It can be said that I have used reverse indicators very early. I am no different from ordinary people. I am not suitable for trading. I not only like to make orders, but also prefer to add positions with floating losses, and rarely stop losses. However, I may be in the novice protection period. My luck is really good. Every time I carry an order, I can successfully recover my capital. The winning rate remains above 90% (I paid special attention to the winning rate at that time). I even thought about making money with orders. In about a month, my 2000u doubled 30 times to 60000u. I went from a novice to a level that my friend, an old leek, had to learn a few tricks from me. But my friend is the type who doesn't learn from the good and learns from the bad. He doesn't learn technical indicators and still opens orders based on his feelings. He learns to follow me in a very similar way! Soon, yours? In fact, I also know how the contract will end. My initial goal was to reach 100,000 U and then stop playing contracts and only buy spot. After successfully reaching 100,000 U, the second goal was to reach 300,000 U and then stop playing contracts and only buy spot. The third goal was to reach 500,000 U and then buy spot. The fourth goal was even higher.