First Principles of Trading: Capital Preservation, Trend Following, Patience, Mechanical ———————————————————— Capital Preservation —— Strictly control drawdown, strike hard Trend Following —— Identify the environment, do not go against the market Patience —— Abandon if uncertain, hold on if certain Mechanical —— Identify emotions, execute iron rules, never take chances ———————————————————— Capital preservation first, trend following is king. Extreme patience, mechanical execution. ———————————————————— My delivery order only allows: small losses, small profits, large profits
Technical Analysis: The bears are already at the gates, and the bulls have nowhere to retreat. If going short, the cost-effectiveness is extremely low right now (facing strong support). If going long, now is an excellent position for a "stop-loss attempt," but one must be prepared for "cutting off the arm to survive." The blogger suggests: First, watch this week's closing. If the weekly line closes above the EMA 200, try going long with a light position and a stop-loss next Monday.
Always go with the flow; only by going with the flow can you achieve great results. Going against the flow for a rebound can only yield small gains. Remember!
Detailed Steps for Booster Rewards of the Opinion Task
The forecast project is extremely popular, and Opinion is a key prediction project that CZ has specifically endorsed for support on the BSC chain, so this phase of the Booster must be participated in head-on; The total reward for the first phase is 3 million OPN, with a total of 1 billion pieces. According to the predictions on Polymarket, the probability of the FDV being greater than 500 million USD on the opening day is 69%, and the probability of being greater than 800 million USD is 28%. Therefore, based on a conservative estimate of 500 million USD, each OPN is worth over 0.5 USD; The task has a duration of 5 days. Assuming 50,000 people complete the task, each person can receive 60 OPN. If the opening price is 0.8 USD, each person can earn 40 USD (this mainly depends on the number of participants and the opening price);
In-depth review of the causes and reflections on the loss of $600 in ZAMA
ZAMA trading review The ZAMA project is very popular, the last round Dutch auction price was $0.05, raising over 100 million dollars, Binance Alpha cost price is $0.025, and there is approximately 20 million dollars of selling pressure, note: there are also early builders of NFT, with a cost of $0.005 also having tens of millions of dollars of selling pressure, this point was not researched before; Before the opening, I had about tens of thousands in hand, when the pre-market contract was at a price of $0.045, I wanted to hedge and lock in a few hundred dollars of profit, because the Dutch auction was anchored at a selling price of $0.05, I didn't lock in to greed for an extra 10% profit. After Alpha opened, it rose from $0.04 to a maximum of $0.042 and then fell to $0.038 without selling, later it was even worse on the spot market, continuously dropping, with the highest on the same day at $0.038 and the lowest at $0.03, the next day it dropped to a minimum of $0.026, up to now no positions have been sold on the spot market.
DAY6 Total losses have reached 400U, the review is as follows
Summarized in three points 1. I will no longer participate in庄币 as it consumes effort without any规律, resulting in minimal gains; 2. Any trade must first identify the overall market trend, and one should not operate against the market environment; 3. In a volatile and bear market, prioritizing capital preservation and minimizing losses is paramount. If the trend changes after opening a position, one should intervene immediately if necessary, without being rigid.
【唯识解读】 1. Sever "bad relationships" and protect "mental strength"; 2. Surrender to "shared karma" and eliminate "self-attachment"; 3. There are no fixed methods, do not cling to "doctrinal attachment". $BTC
Reflection for Today: Took more $ZBT orders, did not follow the discipline of setting stop losses.
Gains for Today: Becoming more skilled at moving stop profits, and I'm getting close to being indifferent to small automatic stop losses, keep it up.
Just to explain: I did read some books and made some plans before, but found the gap between theory and practice too far, mainly because the mind and hands cannot unify. So recently I changed my positions to small high-frequency trades to first train my feelings and execution, and later I will increase to reasonable positions. However, the total profit and loss amount will still be recorded every day, along with daily reflections, reviews, and growth.
After selling BTR: How I reviewed 'impulsive closing' using 'Yogacara'
At 1:07 PM today, I bought BTR at 0.067 and doubled my long position. After watching it rise to 0.105, I set two take-profit orders according to my trading plan: "0.091 profit lock | 0.133 take profit." The logic is very clear: even if the market crashes back to 0.091, I can lock in about 40% profit; if the market continues to rise, I can capture more gains. 🤬 The heartbreaking plot has arrived I believe that beginners (I am a beginner | I know a lot theoretically, but my practical skills are extremely poor) all have this flaw: the more you watch the price fluctuations, the more you can’t suppress your inner restlessness. When I saw the price retreat from 0.105 to 0.101, my mind went blank, and I immediately manually closed my position, ultimately selling at 0.1013.
Today's balance is 4958, with a loss of 42u. In the future, I must strictly control the number of trades and not trade just for the sake of trading. In this bear market, trading less is earning; patiently waiting for opportunities.
The main purpose of opening an account is not to 'show off', but to use the 'public' way to leverage the spectators' 'supervision' over oneself, strictly discipline trading, and force oneself to grow.
Why not display the actual trading loss amount? No one is watching the simulated trading.
Crypto 于晏
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$RIVER If nothing unexpected happens, this order will still explode, the damn Alpaca is really harmful, such a worthless air coin keeps being pushed up endlessly, my hard-earned money saved over 10 years has been lost in this, I now feel like I want to die.