Hundreds of thousands, deceived, lost everything, committed suicide, embezzled public funds. It's been two months and each time I was about to get back on track, now it's over. Brothers, take care.
48U Launch Target 1,000,000U Day 34, Account Balance 7,700U (Withdrawn 2,500U) Total 10,200U. The account has exceeded 10,000, I didn't expect it to be like this 34 days ago, I just tried it with the same belief and record as before, because before this I was just like most of my brothers, clearly a retail investor. I used to believe in a bull market, so I only opened long positions and wanted to hold for the long term, but in today's market, both bulls and bears coexist. Why do I say this? Because the collective small bull market was from October 2022 to March 2023 and around November-December 2024, with each wave weaker than the last. There are also many altcoins that are close to new bear market lows, so this is also an opportunity, because now it belongs to the 'individual bull' market, and it may be difficult for us to see the prosperity of 2021 again, but there will definitely be individual bulls that appear. I won't give examples; just grasping that is enough, so it's not suitable to hold contracts for the long term now (in 2023 and 2024 I wanted to hold long but each time it just kept dropping, leading to liquidation).
Speaking of mindset, contracts really emphasize mindset. Many people are either greedy or do not know how to make trade-offs, resulting in either liquidating or being stuck indefinitely. Early followers who paid attention to me know that I choose to cut losses without dragging it out, because there are opportunities every day!
When choosing stocks, be sure to pick active ones; only active stocks can have significant fluctuations. Unless there is a major drop in Bitcoin, it is also a time to bottom out and go long on any coin. As for controlling positions, you really need to judge based on a lot of information. For example, this time I shorted RED and ALCH. Why short? RED is a new coin (new coins are all active), but the concept is not good and the market cap is still large. ALCH is a meme coin that has risen from the bottom, increasing by 4 times (so there is enough profit waiting to be realized). If I can't short, I will do a T-short until I reach my target price. Doing a T-short is to lock in profits during that time. Doing a T-short doesn't necessarily mean making more money, but it definitely locks in profits.
In March 2024, I made my first deposit, dissatisfied with the slow earnings from spot trading, I started trading contracts. Within a week, I experienced a major market crash, losing 20,000 yuan in two days. It hit me hard, and I took a break for two months. Unwilling to give up, I deposited more money and started trading with small positions. This continued for three months until I added another 10,000 yuan, allocating 700 USDT each to token A and token B. By the end of last year, my investment in Bitcoin contracts on token B had tripled, while the spot trading for token A doubled. Later, when Trump issued a token, I began trading Trump contracts on token A. Unexpectedly, I got deeply trapped for a month, with my investment on token A once dropping to 300 USDT. However, just last night, there was an inexplicable surge, bringing it up to 1,750 USDT. If I had woken up three hours earlier, I could have made an additional 400 USDT. After nearly a year, I finally broke even!