BCH, although its former glory has faded, has still performed better than many new coins in terms of price, at least it has doubled in the past three months. Compared to the continuous decline of many new coins, which keep hitting historical lows, BCH is much better than these trash coins. But it may have already peaked.
What a dog operation! It was clearly on the rise just now, and the operators know that the inexperienced will ride the wave, so a big bearish candle wiped out all the gains and created a new low. All the inexperienced investors exited with losses. The question is, after the drop, do you still dare to get on board?
Zkj woke up this morning to go to the bathroom and found that it had doubled, so I decisively shorted it. Knowing that it has high volatility, I only used three times leverage. This morning, I woke up to find that I had made a lot of profit! I made nearly double! I immediately closed my position and switched to long. It quickly rose by 10%, and just as I was feeling pleased with myself, it suddenly dropped, triggering my break-even stop loss. After losing, I switched to long on bio, which is indeed garbage; it dropped while Bitcoin rose, and I exited with a loss. Checking Zkj again, I found that it seemed to have bottomed out, so I went long again.
According to the contract position data, $Bmt is set to rise significantly. The contract position volume has surged several times within 24 hours, reaching $120 million, while the market value is only $40 million. However, it continues to lure shorts. I believe this serves both to drive away the chasing retail investors and to cultivate the opposing side. Ultimately, it will still rise, and it will be a substantial increase!
Even small retail investors have big dreams. But how can we achieve them?
In this cruel contract battlefield, we are all small leeks. But we also have a heart to get rich. The question is, how to achieve it? Frequent fighting with high leverage is not enough. Occasionally, it will double dozens of times a day, and double a hundred times in a few days. But in the end, it will be blown up and lost. We can only rely on time to stabilize the value. We are poor and have nothing but time. If we can play steadily and ensure the accuracy, it is expected to double ten times a month. Even if it can't be done ten times, it's not difficult to double or triple it a month. How many times is it in a year if it triples every month? It's close to 178 times! Even if you only invest 10u, it will be close to 2000 oil in a year. With 2000u, you have the capital to turn over. Stable value-added is the key. What needs to be eliminated is: small capital recharge---> high leverage fighting---> blow up and lose all---> small capital continues to recharge---> high leverage fighting---> blow up and lose all again! If you can't get out of this cycle, you will never get out! The correct path is: small capital recharge ---> steady and steady appreciation ---> small capital continues to recharge ---> steady and steady appreciation. In this way, the principal accumulates little by little. Even if you are so poor that you only have 10u left, it is not difficult for you to recharge 100u in a few months, right? Adding the money you have increased in value, it is estimated that you have hundreds of u at this time. With hundreds of u, there is hope for a turnaround, right? So how to increase value steadily? This depends on trading rules + trading technology, both are indispensable. Rules are the most critical. If you violate the trading rules, no matter how high your level is, you will lose everything. Binance's most powerful order carrier "Tortoise and Hare Race" is an example. He used to be the order carrier with the most funds managed by Binance. At his peak, the number of copycats reached the upper limit of 1,000, and the managed funds exceeded 10 million u. But in the end, the position was blown up and lost everything! What are the trading rules? You summarize what makes you lose money and never make it again in the future. This is the trading rule. Trading skills refer to whether the position is opened correctly or incorrectly. This can only be summarized in daily trading and improved slowly. As leeks, we should not be impatient. More haste, less speed. We cannot expect to get rich overnight. Since we only have time, we must make good use of it. Small funds can also turn around, and we must be steady and steady to increase value.
High leverage is a potent poison; you will perish within 5 rounds!
Liangxi is a representative of short-term high leverage, earning tens of millions of dollars in April and paying off all debts. In the past two months, he lost all the money earned and is now in debt by 200 million yuan, starting to beg online again. Liangxi is already a rare genius competitor, and even he has been backfired by high leverage; do you have a chance of survival? Wanting to get rich overnight, fantasizing about using high leverage to achieve everything in one go, is the fundamental reason for being unable to control oneself from using high leverage. As long as this mindset doesn't change, one will never be able to control the use of high leverage and will constantly repeat liquidation. The outcome is wanting to get rich overnight, but the result is long-term poverty!