火狼财经

Five major stumbling blocks on the road to trading

1. Anxiety - impatience

I remember the moment I entered the market, I couldn't wait to start trading the first coin. Whenever the price rose slightly, I was like an ant on a hot pot, eager to buy, for fear of missing the fleeting opportunity for wealth. Looking back now, this mentality of eagerness for success has always been with me, and has become the biggest stumbling block on my investment road - impatience.

2. The collapse of the gold dream - the pursuit of huge profits

Like most friends in the currency circle, I have also fantasized about the dream of buying and the daily limit. In my nine-year trading career, this unrealistic dream has always driven me. The desire for huge profits has made me fall in the power transactions again and again. The 30% daily limit is like a bait on the gambling table, which makes me unable to stop. I remember one time, the price of warrants plummeted, and I was so nervous that I was sweating, but I could only watch the funds flow away. Although the lesson was painful, the mentality of pursuing huge profits is hard to give up.

3. Overtrading and ruthless stop loss

Overtrading is another big trap on my stock trading road. Whether it is out of the desire for technical testing or driven by psychological factors, I am deeply trapped in it and cannot extricate myself. What is more fatal is that I blindly implemented the stop loss strategy. In the bull market, this is undoubtedly a self-destructive move. I stopped losses and changed currencies again and again, and funds were quickly lost in frequent operations. The only memory of profit was the sharp drop after 519. That time I forced myself to restrain myself.

Intraday observation: bome, qkc, rif, bch...
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From 1 million to 6,800 yuan

Looking back, I positioned myself as a systematic trading cryptocurrency trader. I tried to integrate the theories of various schools, but ignored the complexity and variability of the market. In the pursuit of huge profits, I kept testing and losing money, and finally reduced the 1 million yuan to only 6,800 yuan.
After learning from the pain, I summarized the following reasons for the loss:
 
Overtrading: Frequent buying and selling leads to increased transaction costs, and also increases the risk of losses.
 
Pursuing huge profits: unbalanced mentality, ignoring the risks and uncertainties of the market.
 
Ignoring basic analysis: Over-reliance on technical analysis, ignoring the fundamentals of blockchain and the impact of the market environment on the price of the currency.
 
Imperfect trading system: Although the trading system has been established, it lacks flexibility and adaptability and cannot cope with market changes.
 
I hope my story can bring some inspiration to everyone. In the currency market, we need to keep a cool head and rationally analyze the reasons behind market fluctuations. At the same time, we must also recognize our limitations and continue to learn and improve. Only in this way can we ride the wind and waves in the sea of ​​the stock market and achieve the goal of stable profit.

Intraday observation: BOME, QKC, RIF, BCH....
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Trading rules
 
1. Three things not to do:
Don’t do it when you are tired, exhausted, or exhausted; don’t do it when you are in a bad mood; don’t do it when you don’t understand the market; (When you are in a bad state, you can’t perform at your normal level, so there will be a big error in your judgment of the market)
 
2. Light xx follow the trend:
When trading, build a position according to the amount of funds in the account. The general principle is that the position should not exceed one-third of the amount of funds. It is strictly forbidden to hold a heavy position or go against the market (if a loss occurs when the position is heavy, the amount of loss will increase, and the psychological tolerance will increase, and it is not used to make correct judgments)
 
3. Strict stop loss:
After placing an order, whether it is long or short, the loss range cannot exceed 3 points. Exceeding it means that the order is wrong. No matter how the market goes in the future, stop loss must be considered! (Stop loss is a profound topic. Should you stop loss? How much loss should you stop loss? This requires traders to explore and summarize experience for a long time.
 
4. Do not take chances:
Luck is the key to survival Taboo, if there is a fluke mentality after a loss, it may lead to more serious consequences
Therefore, after making a mistake, you must strictly stop the loss and do not have any fluke mentality! (Mistakes are inevitable, mistakes are not terrible, what is terrible is not admitting mistakes
 
5. Do not make orders in retaliation:
Gamblers' mentality after losing is to make up for the loss. When investing, you must not have the same gambling mentality as gamblers. The general principle is that the loss should not exceed two times a day. Once there are two losses, the state is not good, and the possibility of continuous losses increases. Therefore, there may be a situation of retaliatory orders, which must be strictly prohibited!

Intraday observation: bome, qkc, rif, bch...
Specifically follow my rhythm 👈
 
At present, I have created a high-quality circle. Click on my avatar to follow me. I will publish market analysis every day.
If you like spot or contracts, follow Fire Wolf.

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Trading methods and techniques
 
After several years of practical experience in the market, a trader has summarized a very effective trading model (also known as a trading system, which is crucial to trading and will be explained in detail later) to control risks and ensure stable profits in trading. These include:
 
Trading rules, trading methods and techniques, trading mentality, trading fund management, risk control and other contents. It is recommended to read carefully and you will get twice the result with half the effort.
 
In spot trading, since the market uses leverage, high returns are accompanied by high risks. Therefore, in the process of trading, we are not only required to have a strong sense of risk, but also to master basic techniques, have a good mentality and a series of methods that can make us trade successfully. Some people say:
 
The investment industry is actually an industry of risk control and management! I take this sentence as a wise saying. Indeed, in the financial investment industry, if you cannot control the risk yourself, all the techniques and methods are just nonsense! Therefore, only after we fully control the risk can we be invincible and wealth will roll in!

Intraday observation: BOME, QKC, RIF, BCH....
Specifically follow my pace 👈
 
At present, I have created a high-quality circle. Click my avatar to follow me. I publish market analysis every day.
If you like spot or contract, follow Fire Wolf.

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Spot trading skills and market knowledge in the currency circle - external market, internal market and current volume
 
When entering the market, newcomers often like to compare the stock market with the spot market first, and then use this as a trading criterion. In fact, the significance of the spot market in spot trading is not the most important, because in the operation of the transaction, the change in volume is not very important. Of course, some indicators are still worth our careful consideration, and they are mentioned here to guide everyone in real trading.
External market and internal market
1. What is the external market?
The external market refers to the securities (or electronic spot) traded at the selling price. The transaction price is the asking price, which means that the head market is more active. Therefore, all transactions at the asking price are collectively referred to as external markets. When the transaction price is at the peak price, the current hand quantity is added to the external market cumulative quantity. When the external cumulative number is much larger than the internal cumulative number, and the price rises, it means that many people are rushing to buy.
2. What is the internal market
The internal market refers to the securities (or electronic spot) traded at the buying price. The transaction price is the middle buying price, which means that the selling market is more active. Therefore, all transactions at the buying price are collectively referred to as the inner market. When the transaction price is at the buying price, the current hand quantity is added to the cumulative quantity of the inner market. When the cumulative quantity of the inner market is much larger than the cumulative number of the outer market, and the price falls, it means that many people are rushing to buy.
(IV) Current volume
1. What is the current volume?
Current volume refers to the current transaction volume of a transaction, the current hand in the current spot transaction details column. At the same time, the increase or decrease in orders reflects whether this transaction is a position opening or a position closing.
2. The role of current volume in actual trading
① The larger the instant transaction volume, the more active the transaction, and the more drastic the price change;
② The smaller the instant transaction volume, the quieter the transaction, and the relatively smaller the price change;
 
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Remember to pay attention, next issue sharing: Cryptocurrency spot trading skills and market knowledge

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Cryptocurrency spot trading skills and market knowledge - What is volume ratio?

When entering the market, new traders often like to compare the stock market with the spot market, and then use this as a trading criterion. In fact, the significance of the spot market in spot trading is not the most important, because the volume changes are not very important during the trading operation. Of course, some indicators are still worth our careful consideration, and they are put forward here to guide everyone in real trading.

1. What is volume ratio?
The volume ratio is an indicator to measure the relative trading volume. It is the ratio of the average per minute trading volume after the market opens to the average per minute trading volume in the past 5 trading days. That is: the ratio of the three current transactions/the current cumulative opening time (minutes)/the average minute-by-minute trading volume in the past 5 days is simplified as: the ratio of the three current transactions/(the average minute-by-minute trading volume in the past 5 days x the cumulative opening time (minutes))
 2. The role of volume ratio in actual combat
① If the volume ratio is 50%-100% on the day, it means that the trading volume is at a normal level;
② If the volume ratio is above 150% on the day, it is a moderate increase in volume
③ If the volume ratio is above 300% on the day, it is an obvious increase in volume: If the volume ratio is above 500% on the day, it is a violent increase in volume.
 

Intraday observation: BOME, QKC, RIF, BCH....

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Spot trading skills and market knowledge in the cryptocurrency circle
 
Beginners often like to compare the stock market with the spot market when entering the market, and then use this as a trading criterion. In fact, the significance of the spot market in spot trading is not the most important, because the volume changes are not very important during the transaction. Of course, some indicators are still worth our careful consideration, and they are proposed here to guide everyone in real trading.
 
Commission ratio and commission difference
 
Commission difference: the sum of the current buying volume of a certain variety minus the sum of the selling volume. Reflects the power comparison between buyers and sellers. Positive numbers mean that the head side is stronger, and negative numbers mean that the selling pressure is heavier.
 
Commission ratio: the ratio of the difference between the buying and selling volume of a certain variety on the same day and the total amount. The commission ratio is an indicator to measure the relative strength of the buying and selling orders in a certain period of time. Its calculation formula is:
 
Commission ratio = (buy commission number minus sell commission number) 1 (buy commission number minus sell commission number) x 100% Buy commission number: the total number of all commissions to buy the lower five levels,
 
Sell commission number: the total number of all commissions to sell the upper five levels The commission ratio varies from -100% to +100%. When the commission ratio is -100%, it means there are only sell orders but no front orders, indicating that the market's selling orders are very large: when the commission ratio is +100%, it means there are only front orders but no sell orders, indicating that the front orders in the market are very strong. When the commission ratio is negative, the sell orders are larger than the buy orders; and when the commission ratio is zero, it means that the buy orders are larger than the sell orders. The change of the commission ratio from -100% to +100% is a process in which the sell orders gradually weaken and the buy orders gradually become stronger.
 
Daily observation: BOME, QKC, RIF, BCH....
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If you don't know how to do it, you will be confused. Then you can pay attention to me. Leave a message with your question or click on my avatar to see.
You don’t necessarily lose money in the cryptocurrency circle. If you don’t learn and ask, you deserve to lose money!
Come on, coin holders.

If you take the initiative to flirt with me, I will take you ashore, and you just lie down.
I won’t let my fans miss out in this bull market! ! !

Remember to pay attention, and share in the next issue: Cryptocurrency spot trading skills and market knowledge—What is volume ratio

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How much can you do with a principal of 10,000:

I thought about it. If you have a small amount of funds, only 10,000 U, or even a few thousand U, then large core assets such as big cakes and second cakes may not be suitable for you.

First, you need to take out the principal within your tolerance range and be prepared to lose all the principal.

Second, do all the zero-cost projects, test networks, sign-in, and get 50-100 accounts for each project, and exchange time for space.

Third, study the hot projects at each stage. The bull market is not short of various hot spots, and there will be sector rotation. For example, MEME-AI-MEM-AI recently, it keeps circulating. If you catch a few, the principal can be doubled quickly.

Fourth, after completing the original accumulation, you can go to some projects with a small amount of funds to participate, and try to get a small cost and high return airdrop.

Slowly roll the snowball.

Since you have entered the currency circle, you should study hard. If you don’t study, what can you do with more money? If the method and direction are wrong, you will still be harvested by this market! ! !
​
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Three indicators to determine when the altcoin bull market will come

1. BTC dominance
The current market share of Bitcoin is 53%, a multi-year high
The next level to watch is about 58-60%
This range has previously served as a support and resistance area
BTC.D will reach the peak of the cycle and begin to fall back
Capital will turn to SOL,ETH → mainstream coins → altcoins

2. ETH/BTC
ETH has been performing poorly since December 2021
When ETH/BTC When the bottom is reached and the bullish trend begins to rise
The rising phase of the alt market cycle begins

3. Stablecoin inflow
A key indicator of on-chain data is stablecoin inflow
The influx of stablecoins usually drives the momentum of altcoins
Pay close attention to the issuance of USDT on the chain, which represents a very good bottom-fishing sentiment

Intraday observation: BOME, QKC, RIF, BCH....
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How much can you do with a principal of 10,000:

I thought about it. If you have a small amount of funds, only 10,000 U, or even a few thousand U, then large core assets such as big cakes and second cakes may not be suitable for you.

First, you need to take out the principal within your tolerance range and be prepared to lose all the principal.

Second, do all the zero-cost projects, test networks, sign-in, and get 50-100 accounts for each project, and exchange time for space.

Third, study the hot projects at each stage. The most abundant thing in the bull market is various hot spots, and there will be sector rotation, such as the recent MEME-AI-MEM-AI, which keeps circulating. If you catch a few, the principal can be quickly doubled.

Fourth, after completing the original accumulation, you can go to some projects with a small amount of funds to participate in, and try to get a small cost and high return airdrop.

Intraday observation: BOME, QKC, RIF, BCH....
Follow my pace for details👈
 
I have created a high-quality circle by myself. Click my avatar to follow me. I publish market analysis every day.
Follow Fire Wolf if you like spot or contract.

Fire Wolf has recently ambushed a potential coin that is ready to explode.
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#比特币大会  #美联储何时降息？  #山寨季何时到来？
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The cycle of bull and bear markets
Many people think that the bull market cycle is shorter and the bear market cycle is longer. In fact, the length of the bull and bear cycles is equal. The reason why some people say that the bull market is short and the bear market is long is that there are different stages within the bull market, and the performance of each stage is different. The following are the four main stages of the bull market:

Bull market accumulation:

This stage is mainly the accumulation period of the market, which may take a very long time, sometimes even up to two years. In this stage, the price fluctuation is small and the market sentiment is relatively stable.
Bull market start:

In this stage, the market begins to be active, and the price will rise rapidly from the sideways range, and will not fall back to the original position in the subsequent multiple callbacks. This is the start-up stage of the bull market.
Bull market violent pull-up:

This is the main rising wave stage of the bull market, and the price rises sharply in a short period of time, usually lasting 2-3 months. Compared with the entire bull-bear conversion cycle, this stage seems very short. This is why many people think that the bull market is short.
Bull market tail collapse:

In the last stage of the bull market, the market performance is extremely crazy and volatile, and sharp drops and surges occur frequently. Altcoins performed particularly well in this stage and became the trendsetters of the market. This stage is also regarded by some as part of the bull market, so there is also a saying that "the bull market is short".
Current situation analysis
At present, we are in the stage between the beginning and middle of the bull market. For investors holding spot, patience is the key. Future market fluctuations may bring more opportunities, so we should respond calmly and plan investment strategies reasonably.

In summary, the cycle length of the bull market and the bear market is equal, but the different performances of the internal stages of the bull market make people feel that it is shorter. Understanding these four stages will help us better grasp market opportunities and make wise investment decisions.

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Suppose you have a method or system that wins 5 times and loses 5 times in every 10 transactions, with a winning rate of 50%. This is a moderate winning rate, but many people are always pursuing a winning rate of 70% or even higher.

Suppose your average profit is 30%, and the average loss is equivalent to a stop loss of 10%. In this way, your profit-loss ratio is 3:1, which is also a relatively moderate profit-loss ratio. Every time you make a profit, it is enough to make up for 3 losses. In other words, in every 10 moves, you can use two profits (60%) to offset all the losses (50%) that may be generated in 10 moves. No matter how you feel when you see this, I am relieved now. Because of these two profits to offset the cost, the remaining 3 profits can guarantee you to make 90% of the profit (30%×3).

How to make a profit? Just repeat doing simple and correct things. Hold on to your most effective form, verify it, and then stick to it. Look at the problem with one-Nth of an eye, let the advantage lean towards you, and let the probability play a role.

Intraday observation: BOME, QKC, RIF, BCH....
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Clear operation plan (trading system). Before placing an order, each operation should have a clear operation plan. How to deal with the rise and fall should be a flexible countermeasure, rather than just looking at one direction and taking chances. Only after having a plan will there be no surprises, because all surprises should be within your expectations. A clear plan can give traders an advantage. Using the trend-following concept plus the plan of band operation will at least not let you chase the high position of the band, nor will it let you fall into a deep trap.

Intraday observation: BOME, QKC, RIF, BCH....

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After the market enters the downward channel, dark horse stocks lose their biggest background support, and dark horses rarely start the market in the bear market. In the bear market, you should reduce your holdings or sell them all to avoid the most difficult operation period. This is a simple way to improve your performance. You don't have to try to catch every opportunity. The most promising and sustainable dark horse stocks need the support of the market and the stock category. The bigger the trend, the more funds chase it, the greater the upward inertia of the dark horse, and the greater the room for growth. Time selection is the priority, because after the rising period starts, thousands of horses are galloping. Even if you can't catch the darkest dark horse stock, you can at least catch a strong stock.

Intraday observation: bome, qkc, rif, bch...

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Use fund management strategies to solve the psychology of being eager to cash in profits. In order to solve the mentality of always wanting to take profits at the top, traders can adopt diversified holdings and stop profits at a certain proportion of chips, so that their holding costs and holding mentality are in a favorable position. But the remaining chips will never be let go until the final peak selling signal is seen. You need to have a psychological experience of "holding long and expanding profits". With such an experience, it will be easier to stick to the established strategy.

Intraday observation: bome, qkc, rif, bch...

Specific follow my rhythm 👈

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The scammers use the "true first, then false" method to confuse people. If users do not check carefully, they can be easily fooled. The contract address of the real USDT on the TRON chain is unique. Any other USDT with a contract address is fake. Therefore, when performing on-chain operations and transfers, be extra careful to confirm the real contract address of the token to avoid being deceived.

Intraday observation: BOME, QKC, RIF, BCH....
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I have created a high-quality circle by myself. Click my avatar to follow me. I publish market analysis every day. If you like spot or contracts, follow Fire Wolf. Fire Wolf has recently ambushed a potential coin that is ready to explode. Leave a message below: 668. No one can take you! Click my avatar to take a closer look!

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Today, let's reveal four unknown trading tips in the cryptocurrency circle to help you avoid detours on the road of trading!

1. Imagine that you buy 10,000 U of a certain currency when it is 10U. When it drops to 5U, you buy another 10,000 U. Your average cost is actually 6.67U, not 7.5U as you imagined. This is the magic of flattening costs!

2. If you earn a stable profit of 1% every day, based on 250 trading days per year, your assets will double to 1.3232 million in one year, and you will make 10 million in two years. Doesn't it sound tempting?

3. Assuming that your investment winning rate is 60%, invest 100 times in a row, set a 10% take profit and stop loss, and your final rate of return can reach an astonishing 300%!

4. Start with 10,000 U, and make a profit of 10% each time. By the 49th day, your assets can reach 1 million U, 73 days to 10 million U, and 97 days to break 100 million. But remember, this requires extremely high discipline and control.

But in reality, there are very few people who can do this, because the biggest enemy is actually our inner greed.

Let's not talk about spot trading for now, today we focus on contract trading.
For contract trading, you must have your own position management and capital management strategy. Position management and capital management sound simple, but for novices, it is easy to take risks with 20%-30% of the principal.

My personal habit is to use only 2%-5% of the principal as the basic position, and control the leverage within 20 times. Those who use 100 times or 125 times leverage at will are playing with fire.

Whether it is futures, stocks or currency contracts, trading is a contest of human nature. Leverage will magnify your greed, and if you can't control it, you will eventually be swallowed by it.

Therefore, good capital management and position management are the key to long-term profitability. After reading this, I hope you can gain something.

Intraday observation: BOME, QKC, RIF, BCH....
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I feel that the cryptocurrency circle, or many people I know who trade in cryptocurrencies, have deviated from the general concept of money of ordinary people.

For example, when I have a good income every day, I can earn $1,200, usually $300 to $400. When I am lucky, I may earn tens of thousands of dollars. Even so, some friends still think that such income is too slow.

Many friends pursue the opportunity to earn thousands or even tens of thousands of dollars in a short period of time. I think their winning rate is too low and the risk is too high, so I started to make long-term investments in meme coins.

Today I saw someone follow orders and made $30 in 5 minutes and left. I complained that he was too cautious at the time, but then I realized that $30 is actually 200 yuan, which is 6,000 yuan a month, which is already a month's salary for many people.

Bringing up this topic, I actually want to say that the information in the cryptocurrency circle is often very exciting, but many investment concepts are problematic. Some people look very powerful in the cryptocurrency circle, but if you ask them how many houses they have, they may only say "only fools buy houses", which is a typical poor person's thinking.
In fact, the efficiency of making money in the cryptocurrency industry is not necessarily higher than that in other industries. It is just that because of the low information barrier, it is relatively easier to make money.

Intraday observation: BOME, QKC, RIF, BCH....

Follow my pace for details 👈

Follow Fire Wolf if you like spot or contract.

The market is temporarily stable, and the news is very important.

Fire Wolf has recently ambushed a potential coin that is ready to explode.

Leave it below: 668. No one will take you there! Click on my avatar and take a closer look!

#BOME🔥🔥🔥 ​​ #美国以太坊现货ETF开始交易
#比特币大会  #美联储何时降息？  #山寨季何时到来？
$SOL $ETH $BTC

Legendary Trader - 30,000 Yuan to 150 Million Yuan
 
In the cryptocurrency circle, there is a name that everyone knows - the Bit King. He once used 30,000 Yuan to make 150 million Yuan in one year, becoming the first person in the cryptocurrency circle to make real money. During his peak period, he achieved a profit of 5,000 times. Although he experienced many liquidations, he finally realized the truth and retired.
 
Bit King often said that high leverage itself is not wrong, but the high leverage heavy position operation is wrong. Short-term trading is not wrong either, but the high-frequency ultra-short trading is wrong. The essence of trading lies in waiting, waiting for a good point, waiting for the trading system to send a strong signal, and then decisively taking action.
 
Why do so many people still play after liquidation?
Because they all want to be the next Bit King. Although the method has been told to you, it still requires a certain amount of luck to be able to do it. Waiting for a bull market and taking you through the bull and bear markets is the dream of every trader.
 
If you don't know how to do it and are confused. Then pay attention to me. Leave a message about your question or click on my avatar to see.


You don’t necessarily lose money in the cryptocurrency circle. If you don’t learn and ask, you deserve to lose money!

Come on, coin holders.

Intraday observation: BOME, QKC, RIF, BCH....

Follow my pace for details 👈

Follow Fire Wolf if you like spot or contract.

The market is temporarily stable, and the news is very important.

Recently, Fire Wolf has ambushed a potential coin that is ready to explode.

Leave it below: 668. Wu Chang will take you! Click on my avatar to take a closer look!

#BOME🔥🔥🔥  #美国以太坊现货ETF开始交易
#比特币大会  #美联储何时降息？  #山寨季何时到来？
$SOL $ETH $BTC