Is there really someone who can make money in the crypto world? In three months, I went from 1000 to 20000. I blew up my account in one go, and I’m really tired. I watch the market late every night and can’t sleep. The dreams are all about ups and downs. Do you have similar experiences? Going to bed late, not sleeping deeply, and the first thing I do in the morning is check my positions. I’ve really had enough. I need to take a good break, put down my phone, and spend time with my family. I only have 150 left, so let’s do a real trading challenge. I’ll try to turn it into 1000 in a month. If I blow up my account again, maybe I’m really not suited for the crypto path. I wish all the brothers who see this article a big profit and a speedy recovery!
Starting capital of 150u for spot trading on the 15th day, today the capital is 1113u. Today I will share some practical tips with you, on how to short altcoins correctly (this is just my personal opinion, if there are differences in views, it's up to you 🥹). The first is position management: trading altcoins is very unstable, and price levels are relative. For example, if you think the price is high enough and you go all in short, you might find that it gets pumped up again by the whales, turning a good position into a halfway point. Therefore, it is crucial to have strict position management when trading altcoins. Altcoins that have no inherent value will eventually drop back down regardless of how much they are pumped. When you believe the price is relatively high, you should short with a light position and widen the gap for averaging down. Even if you miss out, do not increase the risk of being liquidated. If your position is heavy, reduce it near the cost level; this is a more prudent approach. The second point is to be clear about your own positioning: are you a short-term trader or a medium to long-term trader? This is very important. I do not recommend trading altcoins on an ultra-short-term basis because they are heavily influenced by the subjective factors of the whales. Technical indicators may fail, and it becomes a matter of luck. If you are referencing the 3-day K, weekly K, or even monthly K, do not watch the market every day; just hold on. When the timing is right, average down as needed. Some brothers see that the weekly K is already overbought, go all in, and then the weekly K hardly moves while the daily K skyrockets, ending up getting liquidated. So if you trade on a weekly basis, focus on the weekly chart; if you trade on a daily basis, focus on the daily chart. If you lack the patience, do not trade long-term. Sometimes I trade on a 4-hour basis, 30-minute basis, or weekly basis. I am not worried about floating losses on the weekly chart; the 30-minute trades require quick entries and exits. Overcoming greed and achieving unity of knowledge and action is essential for making money. The third point is to pay attention to the funding rate. Some coins charge a funding fee every hour, with a -2% fee, and the whales may be just sitting at high levels eating your fees. It's uncomfortable, isn’t it? You should avoid these extremely risky coins. The altcoins you short should have no actual value and a reasonable funding rate. These points I consider important, and I can provide some coins for reference on trends: om weekly K, wct 12-hour K, auction monthly K/weekly K, layer 3-day K. Looking at the Bollinger Bands and RSI indicators is quite effective; for altcoins, reduce the RSI by 10-15 points.
A few days ago, it was publicly announced that Kaia is shorting this garbage on the rise. This has now dropped back to the upper line of the weekly K-chart. If you're being cautious, you can take some profits now, as there will be two possible trends ahead. I'm worried that my brothers won't be able to hold on. The first possibility: a small surge to test the previous high followed by a crash; the second possibility: a continuous sideways decline. The second option is somewhat manageable, but the first one carries a lot of uncertainty since, after all, it's a Korean currency. The above advice is for reference only; you are your own trading god! To the brothers reading my article, the next one to get rich is you!!!
On the eighth day of hitting 150u to 1000u, the frustrating thing is that I didn't check the market for the past two days due to some matters, and I forgot to cancel two pending orders. Yesterday, I saw that the sky had fallen; there was a drawdown of nearly 200u. However, these are all minor issues; as long as I don’t get liquidated, I can make it back. Today's capital is 880u, and it seems that reaching 1000u depends on this Kai coin. If it goes up, I'll increase my position. This coin is guaranteed to go to zero, but I'm not sure if it will spike before that. Still, I'll take a small position and gamble a bit! As usual, brothers who see my article will definitely make a profit!!!
150u reached 1000 on the fifth day. Brothers, don't worry about me for these past two days without updates. There have been too many things happening, and I haven't been watching the market. I didn't get liquidated! Steady means fast!
150u real account hit 1000u on the third day, there haven't been many good opportunities recently. When there are no opportunities, not trading is the best trading. Preserve the principal, risk control is king. Today the funds have also risen above 800u. Please supplement the medicine for the pullback 😭. Brothers who see my article can become rich!!!
After hitting 1000u with 150u in the real market the next day, it feels like my assets have doubled a bit too quickly. Indeed, in the crypto world, a day is like a year in human terms; one thought can lead to heaven and another to hell. Adjusting my mindset, I strive to reach 1000u as soon as possible, then aim for 10,000u. If I can do it, you can definitely do it too!!! Keep it up, brothers! This mask is completely dead; I need to see it below 1.5 at least. Most of the profits have already been taken, leaving a little for fun $mask
The feeling of last night's crash seems more like a self-directed performance by Trump and Musk, as US debt has always been the number one issue in America. Since Trump took office, he has always wanted to create news to siphon off from the cryptocurrency market. Every time there is a crash without fundamental support, they build positions at the bottom and then release good news to pump it up, only to sell high. If this wave does not break the 100,000 mark, it will just be a bottom consolidation before a surge. However, if it really gets suppressed below 100,000, then this round of the bull market might come to an end.