The market is always right; the wrong is always the self-righteous prediction. Respect the market when making money, reflect on yourself when losing; the market is the teacher, and the account is the exam paper.

Beware of greed during highs, and restrain luck during lows. True opportunities are often hidden in places that no one cares about, rather than when the crowd is vocal.

Loss cutting is not failure; stubbornness is the abyss. Discipline is the armor of trading, while emotions are the fuse for losses.

I have always liked what Bit Lang said: a wave of market, a trade, regardless of success or failure, in your long career, among millions of trades, it is just a drop in the ocean. Do not be elated by a single success, nor be overly distressed by a single failure. A calm heart is always the strongest weapon of a professional trader. When you become impatient, blind, fearful, and anxious due to market and asset changes, whether you profit or lose, you have already lost. The waves of the market will amplify your emotions infinitely, exhausting you before delivering a fatal blow. Trading is a venture with an extremely low success rate, and failing to execute it is akin to a life of liquidation with little chance of starting over. I do not wish to advise everyone to gamble recklessly in the market, or to even aspire to become a second version of myself; this is virtually impossible.

But what I want to share with everyone is, regardless of how difficult your background and life may be, and how many helpless and bitter emotions you have as a child, parent, or partner, you should burn for what you love and persist to the end. Only in this way can we ordinary people have a chance to turn things around.

If you do not love trading and just want to make money, please leave here early. If you love this unpredictable market, please persist in believing in the power of belief.

Salute to everyone who burns for their passion.

If you want to earn A7, then you can try this position management:

Position management * current advice to everyone: for example, if you take out 30,000 USDT to do contracts, my advice is to split it into 3 parts, each part 10,000 USDT. Each time you open a position, use one of the parts to open a position, with a fixed 10,000 USDT, Bitcoin not exceeding 10 times, and altcoins not exceeding 5 times. If you lose money, for example, losing 1,000 USDT, you can add 1,000 USDT from outside; if you earn 1,000 USDT, you can withdraw 1,000 USDT. Ensure that every time you open a position recently, you can maintain a fixed position of 10,000 USDT. Until you earn 60,000 USDT from this 30,000 USDT in this way, increase each part's position to 20,000 USDT, and proceed like this.

The benefit is:

The first point, split positions + low leverage *, avoid being caught by the exchange’s spikes, which could lead to losing all your funds.

The second point, avoid the issues that lead you to a loss. If one day you face significant losses, the maximum you risk losing is 1/3, leaving you with some buffer. The third point, maintain a fixed position; whether you are at a loss or profit, keeping a relatively calm mindset can help stabilize your emotions.

My habit of opening positions is to fully invest at once. For example, 1 part of 10,000 USDT, when a market moves for a coin, I put it all in. Full investment is 1/3 of the funds in a split position, with altcoins at 5 times and Bitcoin at 10 times, entering and exiting fully. This way, I have a precise grasp of my entry points. If you are using stop-loss orders and low leverage, it is impossible to get liquidated.

If you are tight on funds, or currently have significant losses, or are in debt, do not invest too much money. Just invest 1000 or 2000 yuan, split it into 3 parts, and take it slow. Don’t think it’s too little, 1000 yuan per part is only 300 yuan, and in this market, any amount can matter; that’s important. Here are 3 suggestions on how to reduce losses:

First point, do not use high leverage. Altcoins exceeding 5 times, Bitcoin exceeding 10 times, are considered high leverage. Using high leverage is always a dead end.

The second point, do not take contrarian positions. If the price has risen, and you want to short, even though there are bearish positions, you must tell yourself that you cannot take this trade. You’d rather miss a whole cycle than try to touch the top or bottom against the trend.

The third point, trades must have logic. Do not just look at the charts.

2023.11.4:

Divergence = consolidation.

Consensus = unilateral, market fluctuations will create ranges, and at the end of fluctuations, small compressions will wait for breakthroughs.

After a wave of market growth, wanting to rest is impossible for a while; a second bottom or top will determine whether a bullish or bearish structure may occur.

Going with the trend is better; even if there are support and resistance levels, contrarian trades may not necessarily succeed.

Resistance level breakthrough failed, increased volume and a bearish candle, liquidity shorts can be made.

Support level breakdown failed, increased volume and a bullish candle, liquidity longs can be made.

Enter on small breakouts, plan for profit-taking phases at large resistance levels, etc.

If your position is too heavy, in the process of trial and error, the trading system also has effective stop-losses; if your position is heavy and you have too many stop-losses, it won’t work.