Commemorating the second time the data returned to positive, it was really not easy this time, and my mentality and operation have been improved. Recovering the capital is a practice, because when you lose a large amount of money, the principal and profit are both large, and you want to make a small profit with a big risk, and you don’t care about small profits, but you want a big picture. As a result, your mentality explodes when you withdraw your high leverage. With the mentality that you can’t recover the capital, you recover the capital instead. This time you must cherish it. The first loss was actually not much money, but for a novice who has just entered the circle, it is still a lot of money. The second time is twenty times the first loss. Finally, don’t bet on uncertain factors, such as I didn’t have time for Troy yesterday, because I was cheated by him once before.
Several stages of a novice trader entering the market. 1. At the beginning, encountering a one-sided market, relying on candlestick patterns to trade mindlessly, making a substantial profit, thinking that making money is so easy, believing oneself to be a trading genius.
2. When faced with a significant market correction, believing it to be just a black swan event. After a margin call, continuing to add funds, relying on previous experience to continue making profits, but now it’s just a path to break even. However, by this time, the market is no longer the mindless one-sided trend it used to be; the price increases are very small, and you find that breaking even is a distant goal. You continue to increase leverage, rolling over positions, until a second significant correction leads to another margin call.
3. After the second margin call, you start to study carefully, respect the market, learn about macro and microeconomics, news, and clearing maps. Constantly calculating points, calculating the break-even position, reducing leverage, and increasing capital. After correctly timing a wave, although there are huge profits, you do not close the position because it hasn't reached the break-even point. A day later, the market reverses, and profits significantly retract, then you close the position and open another, leading to a third margin call as the market continues to reverse.
4. Due to three margin calls resulting in heavy losses, seeing a pile of high leverage charts with dozens of times the returns in the market, you think you can do it too, only applicable for small capital and high leverage intraday trading. So you start to repeatedly add small amounts of capital and frequently open high-leverage positions, although there are losses and gains, in the end, it all results in a complete loss. Then you keep adding small amounts of capital, continuing mindlessly with high leverage, until the losses increase.
5. As your losses grow larger, you realize that even dozens of times the returns cannot help you break even. You start borrowing money to trade cryptocurrencies, mindlessly going all-in. Maybe you are right and clear everything, or perhaps you are wrong and fall into an endless hell.
If at the beginning of this year the main targets were retail investors, now the main players have their scythes aimed at the institutions, and the retail investors have run out of money.
Only about the big pancake, regardless of whether you want to go long or short, it is not yet the opportunity for the big cycle. Next Thursday and Friday are the real turning points, and essentially we are still in a box range oscillation.
Look at this urination, don't empty the mountain village in these three days, it's guaranteed to die over the weekend. Let's talk about it next week, the short-term trend of the mountain village is still bearish.
Faith coins will eventually return to a premium, back to the starting point of the bull market. Controversial coins will eventually take off, soaring all the way up, with the left foot stepping on the right foot to ascend to heaven. The upcoming market phenomenon is that everything you hold is plummeting, while everything you haven't heard of is surging.
If you follow this fluctuation frequency, you can expect to gain substantial profits next week; slow is fast. High leverage will only lead you to quickly lose your principal and your normal mindset.
All trends are ultimately fleeting, and collective memory will eventually become the past. Conclude your mission, and during this phase, do not short the demon coin; please continue to pay attention to Bitcoin for a better future. Collective recognition is poison; it is the same when shorting as it is when going long.
I'm really drunk, the pancake leverage has been updated, 125 times can also open 30,000 now, didn't pay attention at night. Two accounts opened 60,000 and went out... too terrifying, I've run away, it's a blessing not to have lost.
The logic of the black swan is as follows 1. Abnormal activity before the BSC chain, high-level selling 2. Abnormal increase in total leverage on Ethereum, hoping you to send, previously afraid you would make money 3. Delay in staking news 4. Divergence from mainstream except for Bitcoin 5. Early reaction of altcoins 6. Giant whales buying at the bottom 7. Horizontal consolidation at the top