I have done long-term, short-term, ultra-short, swing trading, and pretty much every type of method. I have a fairly authoritative voice on this issue.

I have always said that mastering a skill takes the 10,000-hour rule. If you work 8 hours a day and review for over 200 days a year, it takes about 5 years. This is just the foundation for stable profits.

Many experts who have turned a few thousand into tens of millions or even billions often just used contracts with very high leverage. As a result, during a bear market, many of them also went bankrupt; you just don’t know about it. Human nature, in the face of major trends, often leads people to lose their ability to make correct judgments.

In the crypto world, there are some obscure knowledge or small tricks that may seem insignificant but are actually quite important. Today, let's talk about a few of them:
Cost averaging is actually not that simple.
For example, if you invested 10,000 U when the price was 10 U, and then the price dropped to 5 U and you added another 10,000 U. At this point, your average cost is 6.67 U, not the 7.5 U that many people think. This situation is quite common in the market, and understanding this cost calculation is quite helpful for managing your position.
The compound interest effect is really quite scary.
If you have 100,000 U and earn 1% every day, you should stop. If you can persist for 250 trading days a year, your assets can grow to 1,323,200 U by the end of the year. If you persist for another two years, your assets can reach tens of millions. Of course, this is based on stable returns, and the challenge lies in how to maintain this compound growth consistently.
Probability and stop-loss and take-profit strategies are important here.
Assuming you have a 60% probability of winning, and you take profits after a 10% gain and stop-loss after a 10% loss. If you operate this way for 100 times, your total return rate can reach 300%. But the premise is that you must strictly adhere to your trading plan and not be swayed by market fluctuations, especially during times of high volatility, you must remain calm.
Greed is the biggest stumbling block.
For example, if you start with 10,000 U and earn 10% each time, after 49 days your assets can exceed a million, after 73 days over ten million, and after 97 days possibly over a billion. But in reality, very few can achieve this because most people cannot control their greed and end up failing. This is also why many traders make money but cannot hold onto it.

Contract trading and position management.
In contract trading, position and capital management are extremely important. Many people like to use 20%-50% of their principal to open positions, but I personally prefer to use only 10%-20%, setting take-profit and stop-loss levels. This way, the risks are controllable, and you won’t be flustered by large fluctuations.

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