Only engage in modes you understand and only earn from transactions within your system. Occasionally making quick profits from risky trades might give you a temporary thrill, but frequent reckless trading will eventually cause you to lose more than you gain, returning everything including principal and interest. Don't rush in trading, avoid comparing your profit curves, and focus on stability. Aim for a steady upward trend in your profit curve. The market is eternal, funds are limited, and being responsible for your trades is also being responsible for your capital.
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Putting in your best effort and trading under controllable risk is the only way to survive in the market. I recommend that all contract traders, before having an absolute system advantage, start with small funds (like $500) to trade and experience contracts and risks. I sincerely suggest that if you're new to contracts, even with $500, only use one-fifth of the position to try. A quicker approach is to decide whether you prefer trend trading, swing trading, or ultra-short-term trading, then spend some time on Bilibili or Zhihu forums to learn the pattern you like. Trading involves three months
Another core aspect of trading: staying patient and minimizing trading frequency as much as possible (to ensure favorable risk-reward ratio and win rate). Frequent trading incurs costs and fees that add up over a year. Based on calculations, approximately 1 million USD would cost around 500 USD.
Today is destined to be a sleepless night for many, another night of bloodshed. Including myself, I haven't slept either, and I can really understand. Whether it's ETH or BTC, both have fallen more than expected, dropping repeatedly until the price is low enough to trigger a buying frenzy among those who were originally out of the market, or to make investors holding long positions hurriedly add to their positions to lower their average cost. In either case, it's like drinking poison to quench thirst—the outcome is obvious: the price falls through the screen. There's nothing new on Wall Street
The traders who are desperate to push the market are really scary, insisting on taking the market seriously and fighting to the death in a do-or-die situation. My principle is: no stop-loss, no trading. Remember: no stop-loss, no trading. #爆仓