Possible negatives/black swans before the big bull
1. The United States direct military intervention in Gaza
2. Korean War
3. Tesla sells remaining 25% of Bitcoin
4. U.S. judicial investigation into Binance and TEDA companies
5. Grayscale currently owns more than 600,000 BTC. These more than 600,000 BTC are held on behalf of customers and are not allowed to be sold. Only the corresponding GBTC can be traded in the secondary market. Once the conversion to ETF is completed, the above-mentioned more than 600,000 "unsellable" BTC will be equal to "sellable". It is necessary to decide whether to continue to hold or sell according to the customer's wishes. It's like opening the door. But that doesn’t mean everyone will sell.
Each of the trading experiences of Fei Zhai, a trader on the ceiling of the currency circle, is a valuable experience gained from the path Fei Zhai has traveled and the pits he has gone through. It is worth reading carefully and learning again and again. Just check out how awesome Feizhai's achievements are, and how many suns you can earn from contracts; I respect Feizhai, but I don't recommend that you in the currency circle regard Feizhai, Bit King, Tony, etc. as your own. the goal that is pursued. People who are good at subjective trading are only one in a million. Cognition, ability, and luck are all indispensable. They cannot undergo transformation without going through unimaginable hardships for ordinary people. Don’t think that after reading these people’s experiences, you will think you are good enough. Just pay money and do it 100 times harder. Do you think you can become Yuanhua after smoking?
Define roll position: In the trend market, after using leverage to make a large profit, the overall leverage passively decreases. In order to achieve the compound interest profit effect, the trend position should be increased at the appropriate time. This process of increasing a position is called position rolling. The "appropriate time" in the definition,
Fatty thinks there are two main types:
1. Add positions when the market converges and breaks through in the trend. After the breakthrough, you will catch the main rise and quickly reduce the part of the added position. 2. Increase trend positions during corrections in the trend, such as buying the dip at the moving average.
I'm right by your side, just remember to click and follow!
When a cattle thief was caught, the county magistrate gave him three choices: one was to be fined ten taels of silver, the other was to be beaten with twenty taels, or the third was to eat two kilograms of cow dung.
The thief was worried about money and disliked the smell of excrement. He relied on his youth and strength so he chose to fight. However, he couldn't bear it in the middle of the fight and switched to eating cow dung. After taking two mouthfuls, he vomited them all and could not eat anymore. In the end, he paid ten taels of silver. .
You have taken too many detours, just because you always want to take shortcuts without paying the price!
▼Trading principles for making tens of millions from tens of thousands of dollars in the currency circle
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 open an order for 2W, and the price rises to 21,000 after the opening. You are very happy, stop profit, and make a 5% profit. 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. You place another order, and 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. It’s so difficult for me! Many people remain in this dilemma throughout their lives and cannot get out of it. So is there any way to make money in both big and small market conditions? No, you have to choose one of the two, so you generally choose to make small money or big money!
Speculation in the currency circle is the lowest-cost way for ordinary people to earn tens of millions! #BTC
In the future, the threshold of the currency circle will become higher and higher. Without high knowledge, you will not be able to even get in if you want to play. The domestic currency circle will become smaller and smaller, turning into a niche circle. Information can only be obtained by oneself and connections. The market does not generate wealth, so only a few people are destined to make money. If you want to make money, you must have a higher level of knowledge than most people.
The trend is far more difficult to trade than the shock, because the trend is to chase the rise and kill the fall, and you need to have the determination to hold a position. Selling high and buying low is in line with human nature. The more humane the trading is, the less money you will make. It is precisely because it is difficult to do. Just make money. In an upward trend, during any violent correction, you must choose to go long. Do you remember the probability I mentioned? So, if you are not on the bus, or if you get off the bus, wait patiently. If there is a 10-20% drop, be more bold.
To learn to break down the goal, think about when you were a child and you memorized the text. The text was so long. How did you memorize it section by section? The same is true for trading. If you want to earn 1000W, you have to think about how 1000W can be broken down. It is 100w tripled. Similarly, 100w is 100w tripled... So if you only have 100w, first think about how to triple it and earn it. 100W, and then think about 1000W when the time comes. Maybe for retail investors, the perception is not too high, but for people who start businesses in this field, the feeling is very deep; Mining cannot be done, the media cannot do it, and rebates cannot be done. In fact, it is not because the law is strict, but because the bonus period has passed; Bitcoin has been around for 10 years, and the dividends for retail investors are slowly disappearing.
There are two concepts that need to be understood more: One is probability, One is the profit-loss ratio. The most important concepts in trading are these two concepts. Not only trading, it will be of great help to many things in your life. The underlying logic of most things is probability and profit-loss ratio.
For example, if you can’t find a girlfriend, how do you find one? If on average 5 out of 100 girls like you, that is to say, on average only 1 out of 20 girls will like you; the probability is constant, 5%; there are two ways to increase your chances of finding a girlfriend; 1. Increase the sample. If you are an otaku and don’t even know 10 girls, naturally you can’t find any. You need to go out to meet more girls. The more you know, the more likely you are to meet a girl who likes you. 2. To increase the probability, you need to improve your strength or appearance, such as learning to dress up, working out, working harder to earn some money and buy a good car... In this way, 5% of girls who like you may become 20% of girls like you. The profit-loss ratio means that when you consider everything, how much you pay is how much you can gain. Only when you can gain more than you pay, is it worth doing, and you have to do one part of the work and three parts of the harvest.
So why is it not worth stealing batteries? Because the profit-loss ratio of stealing is too low. How much can you sell for stealing batteries? And getting caught is almost inevitable. For a few hundred yuan, you will go to jail for several months and a half. The profit-loss ratio is too bad. On the contrary, if you look at the economic crimes of illegal fund-raising, which can cost hundreds of millions or billions, they will only serve a few years in prison, and they may not be caught. In those days, a few people were caught in p2p. When you are chatting with a girl and you say three words to a girl and the other party doesn’t respond to a single sentence. When you take someone out on a date and you spend thousands of dollars without even getting a hold of her hand, this is all because the profit-loss ratio is too bad. You need to stop the loss in time. Don’t As a licking dog. Trade with a high probability of being right and with a high profit-loss ratio!
1. You must set a stop loss when opening an order. You must set a stop loss. You must set a stop loss. You must develop a habit. If you are lucky, you will be trapped or your position will be liquidated! 2. The stop loss amount for each trial position shall not exceed 5% of the total amount. 3. Be sure to stop the loss after making a mistake in the trial position, and don’t try to increase the position hoping to avoid losing money! As long as the trend comes, you will be finished once (without chips in hand, you will never have a chance) Strict stop loss, total capital loss of 30%, close the position and exit! 4. If you forget to stop the loss, close the position immediately after discovering it, wait for a rebound or correction before closing the position, and think about adding a position to cover the loss. Almost many big guys have died in this regard. You can carry it 10 times. As long as you fail to carry it once, the previous 9 times will be reset to zero! 5. It is initially recommended to use the 1:1:1 or 1:2:1 method to add positions. When opening an order, choose the method of trial position + adding position!
The secret of not spreading traditional Chinese medicine lies in quantity, and the secret of not spreading Chinese medicine lies in warehouse! Position management is the most important thing in trading! When the bull market comes, many people will still have no positions and will be thrown off by the dealer! Missed the bull market!