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.
#ALPACA #下架代币 I used liquidation to share experience with all the smart people. Answer two questions for the smart people Question 1: There will definitely be various smart people wanting to short, believing that after delisting, there will definitely be a crash and wanting to ride a big drop.
Question 2: Can we roll over to short?
The answers to both of these are negative; this is a long-planned harvesting scheme, don't indulge in foolish fantasies and self-congratulatory operations.
When major exchanges are about to delist, the prices are all different, AN 1.2, PKX 0.5, and the funding rates are also completely different. Around 16:45, any operations were already prohibited, so there is no possibility of making money by shorting just before delisting. The second fact is that at 17:00, the delisting price is based on the settlement price at exactly 17:00, and in the half hour leading up to the delisting, the settlement price has basically not fluctuated. The third phenomenon is whether the platform is prepared to drop; the funding rate on the platform is +4.00%, while other platforms are -4.00%. So think about it, why? If they plan to drop and harvest the longs, the funding rate would definitely not be +4.00%. During this phase, it's best to avoid the altcoins, brother.
Never touch counterfeit goods again; they have affected my own path. Counterfeit goods are only suitable for spot trading and certain special phases. If you play in the middle, it becomes quite difficult. Admit defeat.
Recently tried 100x leverage, it is indeed very difficult to play. The accuracy of entry points must be very precise. In fact, it's hard to play without monitoring the market; even if your predicted points are correct, if you're not monitoring, you might get stopped out directly. I also gained two experiences:
1. Don’t indulge in fantasies; a consolidating market will not directly reverse, and 100x leverage must be avoided.
2. The market will not reverse when Bitcoin has not formed the corresponding structure or pattern, but will continue its trend.
3. The impact time is fixed within a certain period; you need to manage and observe it yourself.
Start a new journey, using leverage of a hundred times. Not publicly disclosed for now, there are always people saying not to trade contracts, not to use high leverage, this is said to 99.99% of people, spot trading can also go bankrupt, I still want to try to challenge this 0.01%. Predict how many days or hours it will take for me to be liquidated.
Working hard can't change your life! A hundred times leverage is not suitable for 99% of people. I tried four times and got liquidated four times, but I still feel it's very interesting, didn't lose money, just profits were liquidated.
It is not to say that the square and communication are harmful, but without a strong mind and firm will, it is easy to lose money. If you do not have them, it may be better to choose to withdraw. Communication will only make you more hesitant and indecisive. This week's market tip: if going short on B, at least take a week's time to close the position; it’s a very comfortable pace, although the pace of hitting the top can be very painful. The chart is casually drawn and marked, without analysis or comment.
Liangxi Classic Quotes: 1. Working is impossible; 2. If you come to the cryptocurrency circle, you have to play contracts to turn things around; 3. You must use 100x leverage to enjoy a hot pot meal every week; 4. You asking me to work is just further humiliation. Feel free to add more ~
Anyone who misjudges any major market trend should be ignored, regardless of how correct they have been before, because misjudging a major market trend indicates problems with their understanding and risk assessment, including myself.
Recently, various push strategies and the XXU flipping challenge in the square, most people do not have the ability to profit from both long and short positions in this market, which is truly terrifying upon reflection.
This week's market will be exceptionally difficult to navigate, with various false breakouts and breakdowns in Bitcoin, while altcoins are only experiencing choppy declines.
Your fear and losses come from a lack of understanding of the market, a lack of understanding of the fundamentals, a lack of understanding of the main operators' techniques, and your own lack of confidence in your trading system. Currently, B is in the range of 84-85, and S is in the range of 130. Don't expect a strong bullish candle to drive it up directly; it will only grind up slowly bit by bit. Only a breakthrough above 86 and 138 will lead to a strong bullish candle. If there isn't a one-sided upward trend for 3-4 days this week, I really don't know when it will happen.
After facing countless cold jabs and ridicule, the market will eventually prove that I am right. Even if I am right, I haven’t made much money or even lost money. I don’t blame the FOMO or panic emotions from friends in the group; I can only blame my lack of confidence in my own trading system. Establishing such a trading system requires time and observation, and I am working hard on it. You can also review all my recent statuses; regardless of whether I am right or wrong, I will keep them all. You can see how many I got right and how many I got wrong. I don’t need to prove anything to anyone. As much as possible, I only express expectations for medium-term trends; I cannot accurately predict short-term movements.
Predicting the market for the next three weeks, the next week will start a one-sided rise. The week of April 14, the second or third week will fluctuate and break 10. The third or fourth week will see a real black swan event, breaking 7, only seeing 50-53.