Sun Qiang was previously a stock trader, having traded stocks for five years. Not only did he not make any money, but he also lost all his savings of 500,000. Because he lost all his money in stock trading, he argued with his wife every day, and their family relationship became very tense. His wife even declared that if he traded stocks again, she would divorce him. Sun Qiang felt very regretful but was also unwilling to accept it; he always wanted to find an opportunity to make back the money he lost.
In a stock trader group chat, someone said that shorting in the crypto world makes money faster than stock trading, and that it allows for two-way trading, so you can make money regardless of whether the market is rising or falling. Sun Qiang was tempted; he began to study the crypto world and found that the trading rules in crypto are quite different from those in the stock market. Leveraged trading can amplify profits, but the risks are also higher.
Later, he paid attention to IR Coin. As a former stock trader, he had a good understanding of technical analysis and immediately noticed that the technicals of IR Coin had deteriorated, with the RSI breaking down and prices breaking through key levels. The weekly RSI was at 0 and the MACD had a death cross, which is a typical downtrend. Furthermore, the circulating market value of IR Coin was only 53 million dollars, and after new contracts were introduced, large funds could easily manipulate the price, which was a good opportunity for short sellers.
Sun Qiang borrowed 100,000 yuan from his relatives and decided to burn his boats. Using his technical analysis experience, he accurately timed his entry to short IR Coin around 0.1858, using 10 times leverage. After entering the position, he strictly set stop-loss and take-profit levels and maintained a very stable mindset. A week later, the price of IR Coin plummeted, and his account balance rose to 1 million yuan.
He immediately closed his position, paid back his relatives, and was left with 900,000 yuan. With this money, he made several precise short trades in the crypto market, and after six months, his funds had grown to 5 million yuan. Not only did he recover the money lost in stock trading, but he also enabled his family to live a prosperous life. Now, Sun Qiang has gained some fame in the crypto space, and many people come to him for advice on shorting techniques. He transformed from a stock trader who lost all his savings into a big player in the crypto market.@男神说币 #美联储回购协议计划 $BTC
