橘子爱吃优

Chapter Four: Break Through the Competition
Today I suddenly wanted to write down some thoughts. After so many years of trading, I have experienced depression, insomnia, irritability, and almost everything related to mental struggles. If you ask me what a split personality is, have you ever gone through the haze of reviewing your trades? Have you ever cried out in frustration while trying to find the reason behind a wrong order? Young man, you must remember your original intention and love this industry. What is love? You have to cherish every penny and respect money. If you lose, ask yourself why you lost, think repeatedly, think carefully, and even if you can't figure it out, you must keep thinking. The answers are always found by yourself. The essence of opening a trade is to show everyone that even with a small capital, you can break through the competition. I want to prove this to everyone. At the same time, I give myself an assignment. Remember, when trading, to break through the competition, there is life and death; if you cannot conquer yourself, then you should withdraw.

Chapter 3: K Line
Regarding K Lines, the concepts of support and resistance that you are familiar with are not useful. The origin of K Lines is the Japanese candlestick chart, but Japanese candlestick charts are a product from the 1970s and have little practical use today. So why do we still need K Lines? In my fundamental philosophy, I use K Lines to find passive traders. Passive traders are those who blindly believe in K Lines. I need to identify where they are and target them, which is also what the market makers think. Basic knowledge can still be learned, but it should not be the primary way to use it, a point that many people have not thought through. Therefore, repeatedly studying K Lines is meant to help you find where they are. Once you understand this sentence, you will basically understand my meaning.

Chapter Two: Knowing One but Not TwoWhen trading, most people encounter common problems. Clearly, the market is not aligned with their views, yet they often change their trading patterns due to fluctuations, leading to distorted positions, then transitioning from profits to losses, to resisting trades, to stop-loss. As a result, the price returns but the position is gone. The phrase 'knowing one but not two' means following your inner thoughts. If you are wrong, admit it, but this premise should exist before you concede, as the entire strategy carries the term 'concede' rather than a hasty decision. Often, if the trend moves against you and it’s merely a false signal, you may only have a few minutes to consider your options. Yes, you heard it right, just a few minutes to make a quick decision. If you get carried away or your position distorts, it could lead to rapid losses. A term mentioned by 'Fat House' Bitcoin before is 'avoid the false and strike the true', which is essentially similar. Your losses are not necessarily due to being on the wrong side; it depends on your position tolerance. Lastly, I would like to borrow a saying from Mr. Wang Yangming to share with you: the principle of heaven is the way. The way connects everything and is unified, hence it is the principle of heaven. The mind can govern one; the mind is the way, and the mind is the principle of heaven. Let us encourage each other!

Chapter One (Introduction)Before learning the first chapter of trading principles, please read my story. I remember entering this circle at the end of 2018, completely unaware of web3 or even what blockchain was. I was brought in by a friend, and at that time, the cryptocurrency market was at its lowest. I remember sitting outside with my friend on March 12, and he had a gloomy face all day because we didn't understand the dramatic drop that day. As someone in the circle, I can't describe the feeling, but that day marked a rebirth for the cryptocurrency market. I recall that after that day, the prices surged dramatically, even causing exchanges to crash and prices to rise. That's when I got involved in this circle. It's quite funny—when Bitcoin was $12,000 each, I made my first leveraged trade. Unfortunately, back then, I didn't understand anything and went short; by the next morning, I lost about $2,000. However, I'm proud to say that I shorted BTC at $10,000. After that, although I was in the bull market, I didn't seize any opportunities—yes, you heard it right, not a single opportunity. I remember a saying from a trading mindset book I read after dropping out: most people don't make money in a bull market, and sometimes they make less than in a bear market because, in a bull market, there are so many coins rising every day that it's overwhelming, while in a bear market, the targets are very consistent. Therefore, mature traders adjust their strategies according to different trends instead of forcing the market to follow their strategies. There are always people making money and people losing money; it's not just in the bull market that you can make money. Bull markets only increase the percentage probability of making money, but that percentage applies to a very small number of people. Anyway, moving on, I kept jumping into futures trading haphazardly and ended up losing everything. Then Dogecoin appeared. I remember everyone, whether they were people around me or those who had never been in this circle, knew that Dogecoin had risen hundreds of billions. This news spread like wildfire, attracting countless funds, and then Shiba Inu also reached its peak. I recall a real case from a friend: at that time, FIL was around $7-8, and there was a trading pair on a certain exchange for FIL*3, which was a spot 3x trading pair. In just a week, he turned a $30,000 principal into a million. At that time, the entire circle had the feeling that money was blowing in from the wind, and countless highlights were experienced. It also coincided with the highest dividend period for the entire circle, and everyone was addicted to the joy of making money, showing no respect for the market. Some even started borrowing money to enter the circle. That feeling, at least for the following days, never returned. Oh, right, maybe only on one day—on the day Trump went online—did it feel a bit like the wild days of Shib, Pig, and Doge again, just that one day. So, remember every moment you trade; feel that moment. When others enjoy their joy, be a bit more cautious than they are. When others experience panic, be a bit calmer than they are.