$ETH I don't quite understand this market anymore. It's always rising. It completely defies economic laws. You rise when interest rates go up, and you also rise when interest rates go down. I suggest we don't call it the cryptocurrency market. Let's call it the eternal rising market. Damn it! Once this position of mine breaks even, I will also blindly go long in the future. Let's see how you harvest retail investors.
Many friends who have just started with contracts will ask: What's the difference between opening 1500U at 8x and 3000U at 4x?
Calculating it clearly shows - the former's position value is 12000U, and the latter is also 12000U. On the surface, the 'plate' looks the same size, but the liquidation prices are completely different. However, I have been trading cryptocurrencies for 8 years, turning 80,000 in capital into 26 million, and I want to tell everyone a simple truth: don't get hung up on the liquidation price. What really allows you to survive in the crypto world is 'a steadfast stop-loss.' In trading, don't always think about leveraging contracts to 'bet small for big'; most people stumble because they turn 'betting' into 'gambling,' and in the end, they can't even protect their principal.
Real profits in the crypto world have never come from clever tricks, but rather from 'finding the right path and holding steady.' I know a friend in Hangzhou who was particularly obsessed with short-term techniques in the early years, today staring at the 1-minute chart chasing prices, tomorrow looking at the 5-minute chart to cut losses, and within two years, he lost 150,000. Later, he calmed down and switched to 'mainstream coins + swing trading,' and in 3 years, he turned 120,000 into 6 million - it wasn't that he suddenly had an epiphany, but he finally found a rhythm that suited him. This year, I reorganized my 8 years of practical strategies and insights, tested them for half a year, and turned 200,000 into 3.8 million. Today I'm sharing this; for those who are fortunate to see it, studying it seriously is more useful than making 100 random trades.
Suffered for three whole days! After waiting all night for Powell's speech, I finally turned a profit this morning! At the worst, I was down 8000U, trading contracts really tests your mentality 😭