期乐会-大卫实盘

CFTX is a civil institution, and there is a high probability of settlement and fines in the end. In fact, this is not the first time the accusation was made, it was because he wanted some money. The final verdict may not come until a few years later, so don't worry. (This picture comes from: PANewsCN) We have come and gone many times in history.

The fear and greed index has reached 66 for the first time in 16 months. Are you going to pursue the victory or just give up when the situation is good? I'll get on the bus first.

0~24 points (extreme fear): Indicates that investors are too worried, or it is a buying opportunity;

25~49 points (fear);

50~74 points (greedy);

75~100 points (extremely greedy)

Real offer starting from 3000U Yesterday’s net value: 11192

Let’s talk about the pain points of the trend following trading strategy I use.

If there is a trend, you will make money, but if it fluctuates, it will be easily worn out. This is the biggest pain point of the trend strategy.

Therefore, when doing trend trading, we focus on long-term results, not short-term fluctuations. Stop loss or wear and tear during the trading process is also part of the strategy, and it is actually unavoidable. Continuous losses are actually a harbinger of profits. You don’t Being able to have short-term continuous losses affect the execution of your long-term plan is the correct thinking of a systematic trader.

Under the law of large numbers, the trend following strategy has a low winning rate, but a large profit-loss ratio. As long as it is executed in the long term, it can still make considerable profits, so don't pay too much attention to the short-term profit and loss of the strategy. What we should pay attention to is the comprehensive probability advantage of the strategy. It depends on whether the strategy is strictly implemented. Just work hard and leave the rest to God and time.

Yesterday’s net worth: 10969

The market can no longer keep up with the rate of bank failures.

A BTC advertising truck with the slogan "Be your own bank" was parked in front of Silicon Valley Bank. If the bank goes bankrupt, you may not be able to get your money back, but with Bitcoin you can control your own deposits, withdrawals and transfers freely. Perhaps the alternation of the old and new eras , starting from now

Thinking rationally, your own wallet may be safer than the bank. Will there be a large number of users withdrawing money from banks to buy digital currencies in the future?

Trading is a systematic project, and stable profitability is inseparable from a trading system with positive expected returns.

Building a trading system can make objective and unique judgments on all relevant aspects of investment decisions. At the same time, psychological control and money management plans are equally important. If you choose a completely different path of money management, the people, things and scenery you meet on the road will be completely different.

The current real trading framework: while controlling risks, strive for stable returns, the maximum position of a single currency of the strategy does not exceed 10%, use the trend tracking trading system, do not predict the market subjectively, use the same trading parameters for all varieties, and strictly stop losses.

Key point: do not use leverage (long and short are double leverage, greedy words lead to poverty)

The position control of a single product is about 5-8%

Usually holds 10-20 varieties

The picture below shows the situation at the beginning of the previous strategy 3000U.

Why did it surge today?

Silicon Valley Bank depositors will be able to withdraw all their funds starting Monday, March 13.

U.S. financial regulators took action on Sunday to ensure the safety of depositors' funds and established a new $25 billion loan program funded by the Treasury Department to provide necessary liquidity to depository institutions.

The U.S. Treasury Department said in a joint statement with the Federal Reserve and the Federal Deposit Insurance Corporation on Sunday that Silicon Valley Bank depositors "will have access to all of their funds starting Monday, March 13, and any losses related to the resolution of Silicon Valley Bank's problems will not be covered by Taxpayers will bear the burden." Buoyed by this, the three major U.S. stock index futures all rose by more than 1% in the Asian session, Bitcoin rose by 10%, and risk aversion sentiment cooled.

Trading is a science and an art. Those who have been trading for a long time know that trading is difficult and making profits requires time and patience. I invested 3,000 U at the beginning of the year, mainly for trend following strategies (make profits when there is a trend, and suffer slight losses when there are fluctuations). It has increased so far, and the recent net value is 10,000 U. Suddenly I thought that if the trading strategy is feasible, why not record the actual situation for a long time and record the summary and reflection of the transaction.

The overall updated framework in the future will focus on: top-level design of transactions; in-depth thinking on transactions; risk management; fund management; trading standards; Records of trading strategies.

Today coincides with the third anniversary of the 312 plunge, so let’s use it as the starting point of the account.

Today’s net worth: 10030, details will be shared in the future.

Let’s all encourage each other and come on in 2023!

Looking back on the HT pin incident, as an industry insider, let me tell you my perspective. Let me start with the conclusion: it was an accident.

The actual result was a fixed-point blasting, but it was not intentional. My former colleague was directly responsible for Huobi’s liquidity market making. Market making, simply put, is to provide liquidity and depth for trading pairs, allowing buyers and sellers to trade normally. The core needs of market making are two points: first, the market making algorithm and in-depth order placement procedures; second, the market making account funds. The problem is that market making does not necessarily make money, so the general principle of market making account funds is to use enough, and if not enough, add more. As a result, due to the sharp fall in the market this time, the market-making funds were insufficient and the depth was not enough to accommodate the serial pledge liquidation quotas of some large investors, and the quota was immediately reduced. It can only be said that the market making risk control plan is not perfect, and it is not a deliberate explosion. Brother Sun has just taken over, so there is really no need to spend this little money on himself.

Let’s talk about the whole story of Silicon Valley Bank in the United States plummeting 60% overnight. Due to previous monetary easing, Silicon Valley Bank's deposits surged from US$76 billion to US$190 billion in one and a half years. So Silicon Valley Bank wanted to earn some steady returns and converted the money into longer-term treasury bonds and Mortgage-backed bonds. The market is not good this year, and depositors come to withdraw money. As a result, the bank does not have enough money to give to users, because Silicon Valley Bank has not set aside so many deposits to maintain liquidity. On one side, startups want to withdraw money, and on the other side, they have invested money that has not yet matured. bonds,
After thinking about it, he announced his decision to sell off US$21 billion in bonds, but this would result in a loss of US$1.8 billion. In order to make up for this part of the loss, it issued shares to raise US$2.25 billion to make up for the shortfall, which caused a plunge of 60% overnight. It is now suspended. I hope it will not be the next Lehman Brothers.