If you want to stop losing money, please stop day trading immediately (this is not clickbait)
Because retail investors are essentially a structural scam. This article is a bit long, but if you are willing to give me 120 seconds, I guarantee you will thank me in a few years. I started trading when I was a teenager. I made a lot of money, thinking I was Batman. I also lost even more money, which hurt a lot, and even now I am still fixing the cracks from back then. I've tried all the strategies that retail investors can access. I even seriously day traded for a year, thinking I could finally turn things around, but the result was so miserable that just thinking about it still hurts.
How bad was my PNL at that time? Even my grandmother made more money than I did! And she just followed the method I taught her to automatically invest in Bitcoin.
This may be one of the reasons I have always insisted on not opening leveraged positions… In the cryptocurrency world for so many years, with so many account drawdowns, besides being scammed and having poor judgment in buying too many worthless coins, the remaining reasons are contracts, contracts, and more contracts. Contracts are really not that difficult; the challenge is not in opening so many positions and getting it right once, but in the fact that when you play contracts, you are actually battling your own inner demons. How many people in the world can play contracts, catch a big wave, and then stop? Will they never touch direct withdrawals again in this lifetime? It is possible to get rich overnight from contracts, but it is basically impossible to get rich overnight and still hold on without losing it back.
This is the reality.
I have never relied on pure contracts to achieve 100x or 200x, although I see various KOLs online every month who do 😂 Maybe it's a problem with my abilities, or perhaps it's still a matter of luck. I think if you pursue +20%, +50%, or +100% from contracts, it is still within a reasonable range. Even doubling or tripling an account purely through contracts, or achieving 5x, is not considered too niche a goal. But many people have not only failed to achieve 5x in contracts; after reaching 5x, they have lost all their profits and their principal is gone! Let alone 100x.
If it drops below 74k and still does not have a strong structural rebound, I will start looking at bears. Since the bears are coming, I don't want to post anything else; let me share some honest thoughts. From now on, this will be like my personal diary at the BN Plaza. Luckily, I currently have few fans and few visitors, so I still have some freedom to express myself. I'm also afraid that one day I will lose my desire to share.
The central bank's meeting on 'cracking down on virtual currency trading', explained in the simplest terms
Recently, the central bank held another meeting, stating that it will continue to crack down on virtual currency speculation. Many people get nervous when they see this kind of news: Is another major blow like 519 coming? Actually not, the impact this time is far less significant than before.
Below is explained in the simplest terms for you to understand at a glance.
🔍 1. This meeting mainly discussed two key points ① Stablecoins were specifically named (like USDT, USDC) What it means is: Stablecoins are easily used for money laundering, fraud, money splitting, and cross-border money transfers, In the future, such behaviors will be investigated more strictly. Simply understood - Cross-border money exchange and gray capital flows will be closely monitored.
After you've opened a Hong Kong bank account, don't rush back to the mainland in a frenzy!
There are a few other crucial functions that must be activated under a Hong Kong network environment before you leave. Otherwise, you'll find they're missing when you get back, forcing you to make another trip (a lesson learned the hard way)! Let's get straight to the point and quickly check and fix them! Biometric identification + dynamic security code (must be obtained in Hong Kong!) These two are "double insurance" for login and payment, and they can't be activated at all in mainland China! Biometric authentication (fingerprint/face recognition) not enabled: After changing phones or clearing data, the app cannot be logged into. Without dynamic security code enabled: transferring money, adding new devices, and modifying information all get stuck, and customer service can't help either.
2025.11.22 Empty position day 48 Today's funds 2294147u
Today I have been rambling a bit too much. I will read it slowly while in the bathroom. Divided into three parts: current situation, review, fantasy
Current situation
Yesterday did not accelerate down, unfortunately, it didn't give an opportunity, no movement. Still no bullish close, no formal rebound, there is still a chance. If given the opportunity, I will enter. If not, then forget it and continue waiting for the bear bottom.
My short-term entry condition is to enter half a position in spot Bitcoin directly when there is a continuous decline without a formal rebound and an accelerated drop. Leave half a position as a buffer. If there is an extreme consecutive drop again, I will directly enter the other half of the position. I think such opportunities are rare but very safe. Normally, making one or two dozen points is not a problem, but there must be such opportunities; otherwise, it will be missed.
Many people have been questioning why I don't short, even teaching how to short, claiming it can make a lot of money. Don't I want to open a short position of 100 million dollars when the price is at 12600 and just wait? My personality leads me to believe, even when the evil of human nature is vividly displayed here. I love crypto, I absolutely love it, and it has changed my life; I am infinitely bullish. Maybe in the next cycle I can learn to short, but in this cycle, I haven't learned yet. I can only earn a little living expense in areas I am good at, and I don't want to touch areas I am not good at. I am still examining the market as much as possible and understanding myself. I hope everyone is not affected by haters and trolls; just do what you are good at. We have plenty of time, and we can wait for our own opportunity to act without needing to explain to others or prove anything to them. Recently, opening positions is just because Grayscale and BlackRock have started working, plus waiting for a government opening benefit. So, I continue to work. The big account has been banned, and when I truly feel it is the bottom, I will go all in to capture the big cycle; George's small account is just to feel the market and for entertainment. I know that even if I have 10,000 dollars, as long as I have enough time and stay calm, I can earn decent profits in this market. Trading coins is just about time, space, and events. First, determine the main tone within this time, and then judge the upward and downward space of each currency, adjusting the position weight according to different event situations. It sounds pretty simple, but in practice, it is really difficult. In the last wave, I suffered a lot, and my corpse has been on Binance's dead list since then. Hahaha, it's quite funny, but it also taught me a lesson. Also, remember not to get too emotional; the big brothers I knew who went down are all similarly emotional. Maybe the feeling of being emotional is too enjoyable. Looking back at August, opening 70-80 million dollars in Ethereum now makes me think, if I don't die, who will? If I am wrong, then there is nothing to say, it's just that I deserve to die! That's all, the market won't be wrong, the only one wrong is ourselves!
Wyckoff Volume Price Video Course Collection, currently recorded the Accumulation phase, with 5-6 more lessons to come. If this helps you, please support with a like, share, and follow~! It is recommended to finish watching (Wyckoff Trading Method) before watching my videos, as this will be more helpful to you. If you haven't seen the basic theory, it will be very difficult to watch the video directly.
#linea Dear friends, pay attention, there is a new cat-petting event! Just a little finger movement, and it's done in 3 minutes; just light up the three icons above in order.
@Linea.eth Linea.eth is a Layer 2 scaling solution based on Ethereum developed by Consensys. It utilizes Zero Knowledge Proof technology, specifically the zkEVM architecture. It aims to improve Ethereum's scalability, reduce transaction fees, and increase throughput while maintaining compatibility and security with Ethereum. This means developers can easily deploy existing Ethereum applications on it without modifying the code.
$LINEA Everyone, keep it up! A meal of pig's trotters is in hand, thanks to Binance!
#linea $LINEA @Linea.eth Dear friends, the cat petting event has started again. Just a few taps of your fingers, it will be done in 3 minutes. Light up the three icons above to complete it. The project has great development potential, so let’s all work hard. A delicious pig trotter meal awaits, thanks to Binance!
Dear friends, the cat petting event has started again. Just a little finger movement, and it will be done in 3 minutes. Light up the three icons above to complete it. The project team is generous; everyone received benefits from the previous alpha airdrop, and this wave is continuing. Let's go!
A while ago, I stopped updating for a long time, and I didn't dare to post on Xiaohongshu anymore. One reason is that I was doing very poorly, and the other reason is that a friend sent me a message to meet on the rooftop, sending a lot. I tried to persuade for a long time, but it was of no avail, which was truly painful. I don't know the final outcome, but what I do know is that there were indeed people around me who jumped off buildings before. What I want to say is: these hardships, these difficulties, all of these are just pits and valleys in life, which are quite normal. I suffered a lot on 10.10 and can't bring it up. But only by enduring great disasters, slanders, and even hardships can one be worthy of enjoying great wealth and glory!
Recently, I've been trading in the real market because a few days ago I topped the weekly ranking on OKX and the monthly ranking on Binance. Many newcomers want advice or operational methods, so I summarized it directly to save everyone from asking. The most sincere advice I can give is: Stay away from contracts! Whoever drags you into trading contracts is like killing your mother! Contracts are not for newcomers; if newcomers trade, they will undoubtedly perish and be crushed to pieces! Even if you make a lot in the early stages, you will pay it all back. Once it becomes an addiction, it’s a bottomless pit! Men borrow online, women sell! Families break apart, homes are destroyed! The logic is: exchanges, big players, and manipulators are watching your positions to trade! Even if you win once by chance, you cannot win every time; you will definitely lose in the future! This is why the people on the leaderboard need to change every once in a while because the predecessors are all dead. Yes! They are all dead. I have survivor bias; yesterday I lost over 2 million dollars. After you read the above, if you still really want to enter the cryptocurrency space. Suggestions: 1. Read and understand the works of Duan Yongping and Buffett as the foundational logic. 2. TikTok: Jiang Yufei, Sea Cucumber Brother (you can listen to some of their insights) to understand some basic business logic. Then: understand the current cycle. For example, now we are in the middle-late stage of a bull market, just a slight tremor away, once it shoots up, it's goodbye. Everyone is struggling to make big money; when smart money is forced into trading contracts and gets harvested, you come in and not die, then what? Now is the learning phase. Go through these basics and spend some time on it.... With very little capital, you can experience the so-called rwa and predict the bull market. Only when you truly feel you can understand and profit in this market, should you enter again. And follow these principles: 1. Do not trust everyone, including big shots, industry leaders, professors, KOLs; they are all garbage! Including myself! They might just be good at making money, riding the wave, but their character might be worse than a dog! 2. Keep learning, and independently trade, understand, and operate. Never entrust your money to anyone; if they have the ability, they would do it themselves. 3. Persist in the market, patiently waiting for that moment to invest heavily when wealth comes, and learn in advance how to preserve your wealth after getting rich. No matter how difficult it is, and even if the future is unclear, never give up on learning! Only understanding and logic can get you to shore; no one else can!
#morpho $MORPHO @Morpho Labs 🦋 Dear friends, the cat petting event has started again. Just move your fingers, and it will be done in 3 minutes. Complete it by lighting up the three icons above. The project Morpho is a decentralized, non-custodial lending protocol built on Ethereum and other EVM-compatible networks. It directly connects lenders and borrowers through a peer-to-peer model, optimizing DeFi lending while integrating with liquidity pools like Aave and Compound to ensure continuous utilization of funds.
🚀 Binance Alpha, October 16th airdrop preview, the YB sold for over 130U yesterday, right? This month's wear and tear has occurred; can we continue to arrange Pre-TGE? 📅 October 16th (today) 1. RVV-Pre-TGE, pre-sale version TGE, done by headcount, only deducting 10 points, earnings are generally not lower than 100U. Once enough points are reached, go directly, prepare 3 BNB in advance, if you don’t have it, it’s recommended to borrow, also be careful not to sell the KEY in advance. 2. I suspect there will be a surprise airdrop since everyone can’t grab it, still need to provide some comfort? 📅 October 17th (tomorrow) 1. ZBT-Pre-TGE, do you guys still remember this? The pre-sale has been going for nearly a month, and it’s only coming now. Officially online at 19:00, contracts open at 19:30.
Today’s operation suggestions: 1. It’s very difficult to grab airdrops now, mainly because the studio is too aggressive, over 90% have been taken by them. It was predicted back in September during the big surge that this month would be tough; even 30U is hard to grab. This situation has occurred before, and now it’s just a reoccurrence of history. Brothers, control your wear and tear, as long as we don’t leave the table, there will be meat to eat again in November. 2. Sister said she personally catches technology; in fact, the emergence of studios and technology is due to profit. Previously, 140 and 180 were heavily criticized, and now 220 is like this too? Completely eliminating technology is difficult; we can combine segmented + first come first served + TGE, then continue to increase points. Retail investors have plenty of time; when studios have nothing to earn in a short period, they will naturally leave. We are not afraid of earning less; what we fear is that you won’t even give us a chance to sit at the table. When the prompt says too many users, and when you try again, it’s gone? Hope Sister can tidy up the wallet team; it’s too disappointing. 3. Filling in the invitation code for the wallet can help brothers save on handling fees, immediately get a 10% rebate, and importantly, brushing Alpha can also get a rebate! If you haven’t filled it in yet, you can use mine WTIWJ0JB. 943 people are already using my invitation code. The more people use it, the higher the rebate for everyone. After the upgrade, I will adjust the rebate ratio to everyone as soon as possible, speculated to reach over 30%. The specific operation is as follows: Step 1: Open the Binance app, click “Wallet” in the upper right corner → Invite friends Step 2: Click to enter the invitation code, reduce the trading fee by 10% Step 3: Enter the invitation code WTIWJ0JB and confirm
Follow me to know about airdrop skills and news in real-time, let’s earn guaranteed money together! #ALPHA #空投大毛 #网页版钱包
Detailed graphical tutorial for TGE new investment BNB borrowing
TGE new investment is essential to have BNB, but as the price of BNB rises, after the new investment, a sudden drop might result in a loss of more than just one airdrop‼️ There are many types of insurance methods, the simplest one is hedging, which means buying three BNB in the spot market, and then opening a short position for three BNB at the same price in the contract. The downside of this method is the transaction fees for both spot and contract trading, excluding all losses from eating orders, which is about 6U. The main problem is that the spot and contract must be synchronized, and if one side is cleared and there is a sudden price fluctuation, the losses will be greater. So a more secure method is 'on-chain borrowing'!
Rumour.app is the world's first rumor trading platform launched by Altlayer, specifically designed to help traders seize opportunities in emerging narratives, allowing them to act earlier than others in the market. @rumour.app Continue with the tasks, just move your fingers to light up the first icon, isn’t it very simple. #Traderumour Light up the second icon. Thank you very much Binance, a fair and just trading platform, for giving retail investors the opportunity to pursue their dreams. The market is never short of opportunities; what is lacking is the courage to focus on self-improvement, the bravery to face one’s failures, and the determination to fight against all odds. Ordinary people must awaken and gain insight to have a chance; do not fantasize that anyone can help you. Apart from carving out your own path, there is no retreat. Thank you Binance, thank you for awakening yourself, and thank you for still striving and working hard.
BounceBit is a BTC re-staking chain with an innovative CeDeFi framework. BounceBit helps BTC holders earn returns from multiple sources through the framework of CeFi + DeFi. @BounceBit , the task will be ending in a few days, everyone move your fingers, it will be completed soon. #BounceBitPrime , keep lighting up this icon, the task is still very simple, and then it's the final step. $BB , the last step, complete the task, thanks to Binance, allowing us newcomers to participate in activities, discovering truly valuable project parties for long-term investment!