Good habits for spotting explosive coins (I generally don't tell this to others): Before building a position, remember, every time you buy an altcoin, first check if BTC's position is stable. Look first, don't buy directly! Look first! Then ask yourself, what percentage of position is appropriate? How many times to split the buys? Decide before acting. I find many people don't have this habit. If you don't have insider info, this habit is absolutely necessary. For example, with APT, the main reason is that three major exchanges launched it simultaneously, and contracts launched simultaneously (a warning). Even in a big bull market, over 50% of contract launches are the last wave; it's best if it breaks down and accelerates the drop, then accumulates at the bottom for 1-2 months. Then a breakout happens, which is playable. The main upward wave requires guts; there needs to be a long period of sideways consolidation before a one-sided wave, rolling positions up through channel rises. Actually, more often it's reducing positions on the way up and buying back fully on the way down, rolling like this with low leverage. That's how the crypto market is: the longer the sideways, the higher the vertical rise. Trend markets just keep going up and won't wait for people to get on board. But at least APT has a big range, a fake breakdown, then a rebound. For people like us who build positions in a second, once the trend emerges, chase the breakout or enter on the pullback after breakout (for example, with APT, starting capital 1000U. Take out the principal once it's made, then use profits to go all-in continuously, only on big positions, not small ones. Set good stop losses. Use the same method for each coin with the same capital. This is the fastest way to improve your skills and learn structure. Of course, later you can adjust by putting 30% back into principal after each profit or loss. Mix methods as you like, but be aggressive when using profits and very cautious when losing back to principal. If one coin can compound your capital, that's a lot of money. Generally, you won't blow up because you have stop losses. It's just that your 1000U profit might drop back to 500U, then back to 1000U, then 500U, going up and down. For big positions, stop losses are larger, so adjust the loss ratio. The amount lost should be psychologically acceptable. But big positions, when successful, multiply several times. Of course, you can withdraw some profits back to principal once you reach a certain profit. In case of extreme market conditions where stop loss fails and liquidation happens, at least you can restart with 1000U. As long as you understand a few correct trades here, you can get 10-20x returns. Remember, winning and losing come from the same source. Using this method, you can get rich or blow up. Within a month, it's about 1-2 trades that flip your capital up or down.)#交易之声：你的经验值得被听到 $BTC

Currently, the market on Saturdays and Sundays during the bear market is very sluggish, much like a sexless marriage—you don't touch me, I don't touch you, left hand touches right hand, tasteless to eat, but a pity to discard. Spend some time reading books properly. I set a goal for myself to read 30 books a year, focusing on trading books, just to wait for the arrival of the bull market. Forewarned is forearmed; if you don't prepare, you will fail. The first picture is just acquired, with three more on the way. The second picture is the second reading, looking at it again, it's simpler and clearer. I think these books have given me deep inspiration for the crypto world and can be applied to contracts (Wyckoff Method, Elliott Wave Theory, The Disciplined Trader, Technical Analysis of Trends, Technical Analysis of the Futures Market, Self-Control). Sharing my reading method: First read, no notes, read casually. Second read, focus on key points because you have an impression, skip unimportant parts, underline key points, then think repeatedly and digest slowly. Third read, take notes and write down key points, often read them to cultivate a long-term habit of reading. If you can replace the time you usually spend on your phone with reading a few pages of a book, that's already very good. #交易之声：你的经验值得被听到

I will repeat some good points, actually some are repeated quotes from others' writings. I believe learning from others' strengths, taking the essence and discarding the dross, and gaining practical benefits for yourself is the best. Here are a few more points: 1: When you wake up in a groggy state in the morning, don't place orders immediately. It's easy to be confused and suffer losses, which affects your trading throughout the day. 2: Trust your own intuition. If you feel uncomfortable with a heavy position, you can appropriately reduce your holdings, especially at night as it may cause insomnia. 3: After a big surge in Bitcoin, if altcoins don't rise crazily the next day, it's better to be cautious; investment experience is most valuable, investing is a long-term endeavor, don't be complacent. 4: Now understand the importance of cycles. In investing, you may not believe anything else, but you must believe in cycles; history won't repeat details, but the process will repeat similarly. #交易之声：你的经验值得被听到 $BTC

Remember these 4 important points when trading altcoins. No matter how high the price rises, I rarely short because I'm afraid. I used to be a short seller and tried several times, only to be violently pulled up by more than 30% within 2 minutes, then liquidated and the price dropped again. Such extreme market conditions greatly affected my mood, leaving me feeling helpless and wanting to cry. Now I mainly go long. I once read a good article explaining the profit and loss ratio of going long and short. Shorting is a yield deflation model. If you go long and are right, your profit is unlimited—the higher the price rises, the higher your profit. But if you short and are right, even if the price keeps falling, your profit will keep converging and eventually approach a limit. For example, if you go long with 100 yuan, no leverage, and the price rises from 1 yuan to 50 yuan, you end up with 5000 yuan. But if you short with 100 yuan, 1x leverage, and the price falls from 50 yuan to 1 yuan, how much do you have in the end? 198 yuan. The difference between 5000 yuan and 198 yuan illustrates the difference between a yield inflation model and a yield deflation model. Every time you short with 1x leverage, the maximum profit is 100%. Of course, some might say they can increase leverage. But with the same leverage, longs still earn more; the short yield deflation model does not change with leverage. This includes top traders in real markets (like Fei Zhai, Ouyang Zhuai Bai, Xiao Jiu Cai, etc.). Also, controlling losses is very important. Fu Haitang once said: "Any investment profit and loss is asymmetric. Generally, losses within 5% are almost symmetric with gains; losses between 5% and 20% show increasing asymmetry but are still acceptable; losses between 20% and 30% rapidly increase asymmetry—losing 30% requires a 42.8571% gain to break even, which is much harder; losing 50% requires a 100% gain to recover, doubling the difficulty; losing 80% requires a 4x gain to recover." #交易之声：你的经验值得被听到 $BTC $ETH

Talking about opening positions, the daily close at 8 AM is definitely very important, but it also needs to be combined with the previous daily candles. For example, if you want to short, the period from 4 to 10 PM is also very important, as it is likely the time of the highest price. Previously, a trading expert (hedeng) mentioned long ago that he wakes up at 4 AM every day to watch the market, specifically to observe the daily close. If you like to go long, you need to pay attention to the daily close; for instance, if the daily close breaks below the previous daily candle, you basically don’t need to watch anymore, as the whole day won’t offer you a chance to go long. Suppose the daily close breaks below the previous daily candle, but by evening it slowly recovers above the previous daily low, then this is likely the daily SH. Now, about those who get rich playing altcoins: the people you see making huge profits or even achieving financial freedom from altcoins are the survivors who succeeded. Those who didn’t survive are actually ignored by you, and that’s a huge portion of the data. In a bear market, when you see someone making money, you might think it’s because your skills are lacking or you’re not good enough. This is actually survivor bias, because you never see those who lost, while the successful ones are showing off their gains. Most investors actually just need to do the "right thing" to make money. What is the right thing? Rest during the bear market, ride the waves in the bull market. Sounds very simple, right? Why do many people fail to control their impulses? Because they want to make money and think they are the survivors, but the power of the trend is irresistible. Counter-trend trading has a very low win rate, yet people only see the "survivors." The bull market gives many people the illusion that they are contract trading experts, but only after losing everything in the bear market do they realize they are ordinary people. The last phase of the bear market actually involves sharp drops and explosive rallies, then gradually smaller fluctuations. The last drop of the bear market and the final fake breakout in the bull market that traps people have no difference in volatility; both are very large. For example, right now, some see this as a bear market, while others see it as a bull market since prices have doubled. So whether in a bull or bear market, a skilled trader can profit. I hope you and I both can live the life we want!!! #交易之声：你的经验值得被听到 $BTC $ETH

Reviewing the last 312 of 2019 to the 312 of 2020, it completely fits the Elliott Wave Theory, using weekly chart 1:1 then a 0.618 retracement rebound. After the rebound tops, Wave A has 5 waves down, each wave 1:1, Wave B rebounds a total of 0.618, then falls back to the weekly AR line, and each is a 0.618 retracement. Taking this literally, you can see how important this weekly AR line is; if you knew how to trade waves in 2019, you could have caught most of the key turning points. #交易之声：你的经验值得被听到 $BTC $ETH

The market is still fluctuating blindly. Currently, the altcoins that are rising have a strong attribute of cutting people off. Without capital coming in or BTC pushing upwards, altcoins are hard to play. The bear market is the best learning opportunity, a chance to train your mindset. Don't blame the heavens or others; no one in the crypto world avoids losing money. Continuously improve your cognitive skills to pave the way for yourself to survive in the capital market. Remember, the capital market is all about gamesmanship; surviving longer is the most important. The key is how much you can learn and apply. Make money in the bull market, accumulate coins in the bear market. Adjust your mindset well, manage your positions properly. I believe you can be part of the 20% in the 80/20 rule. I was initially inspired by (Love Coin Forever) (in the last bull market, he grew from a few hundred to 30 million), which most veteran holders know. Use small funds like 10u, 20u, 50u; because of leverage, capital can be amplified many times. You can see if your trading methods can adapt to this market first. If you can't make profits, practice slowly to develop some trading skills before gradually increasing your capital. #美联储即将公布利率决议 $BTC $ETH

Principle below (image)

Remember one principle: buy in batches during big drops. Take profits in batches during big rises. $ETH $BTC #美联储周四凌晨公布利率决议

The phase every beginner must go through: make a little profit and run, hold on when losing, regret afterward, vow to change next time, but end up repeating the same mistakes again. It's no big deal; the mindset is shaped through losses. When you feel there's an opportunity, jump in. But can the opportunity you sense actually make you a profit? If yes, then go for it. The profit-loss ratio must be considered since trading coins is about chasing big profits. Always review your trades thoroughly. As I always say, hold your chips firmly; in a bear market, those who accumulate more coins profit more, and in a bull market, those who earn more money profit more. The recent market is full of stubborn players. When trading contracts, let's not focus on price ups and downs; the capital market is inherently ruthless! Three suggestions: First, don't rely entirely on indicators. If indicators could guarantee profits, no one would be glued to the screen. I recommend reading books on candlestick technical analysis, moving average technical analysis, and trend technical analysis. After reading, open your computer and compare by yourself to gradually develop a feel. This requires brainpower and long-term monitoring to develop some market intuition. Second, in a bear market, never trade with people who have poor mentality because they only bring you pain and disappointment, making you negative. Pay more attention to positive people or things, chat more with experienced traders; you'll find this bear market is an opportunity. With a good mindset, things will go smoothly. Third, good or bad news only accelerates the price movement; it doesn't change the trend. When trading contracts in a bear market, keep a close eye on BTC. Only if BTC remains stable and doesn't fall can other coins have a chance to rise. Start practicing with a hundred or a few hundred U, take notes, and review your trades slowly. #新手必看：这里有你需要的一切 $BTC