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first time:

Here are some pertinent suggestions, that is, only use a small amount of money to play, and continue to make mistakes through trial and error. As long as you practice your skills well, it is not impossible to make millions.

So how small can a small amount of money be? Let me briefly talk about it based on my personal experience.

The end of 2015 to 2018 was my trading window period. I basically didn’t understand any trading skills. During this period, I had ups and downs, which meant that I could train my mind to be more resilient. The real learning of trading didn’t start until the end of 2018 when BTC dropped to more than 3,000 dollars, because the only spot money I had, which was several hundred thousand, was blown up by the first time I played the contract, and I suddenly woke up.

After recovering for a period of time, I scraped together some 200U left after my account was liquidated and started relatively strategic trading. I remember that at the beginning, only thirty or fifty BTC contracts could be opened. This was the highest for about half a month. It reached 26,000U. Fortunately, I had to withdraw 20,000 yuan to pay off my credit card. The remaining funds were all used up due to the orders, and the stop loss was deeply rooted in my bones.

After calming down for a while, I added another 10,000 RMB that I had withdrawn before, and I have been doing it till now. Although I have gone through ups and downs, I have never blown up a position or recharged a penny since. , has been withdrawing money one after another. If BTC's $14,000 is considered the dividing line between bulls and bears, my first 2,000W was earned in the bear market range of $3,000-$14,000, and the trading system was constantly polished during this process.

Therefore, if you want to make a lot of money, the most important thing is whether you have mastered Kung Fu, whether you can withdraw profits frequently, not just how much capital you have, and whether you are not afraid of bulls and bears.

(Originally, this part of the experience was intended to be written into the trading experience after the goal is achieved in the future, but there are too many suffering compatriots who have experienced similar experiences. I hope it can inspire you)

Article 2:

My current order-making status is as follows. First, observe the general trend. When I feel that there is a chance that the market may fluctuate by more than 30%, I wait patiently. As long as there is a possibility of a turning point, I will enter first. If the market conforms to the As expected, just keep holding it and look for the right opportunity to add positions (a long-winded sentence here, if finding the turning point of the market involves luck, then adding positions is completely a technical task, when to add positions and how much to add. You must be particularly cautious, and would rather not add if you are unsure. Because adding the wrong one can easily affect your mentality.) If the market does not go as expected, stop loss hedging or take profit and wait for the next opportunity. One disadvantage of doing this is that orders that may make a profit of five or even ten points are often eliminated at the cost price. Sometimes I have been busy for a month and have been riding a roller coaster to stop the loss. However, as long as you get the market right, you will make a lot of profits.

If you want to make it big with a small amount of money, I think the best way is to take the money you can afford to lose and wait patiently for the opportunity with the largest profit-loss ratio, at least 1:10 or more. There are so many high-leverage exchanges now. You can just open a trade that is 40 times or 50 times, and then liquidate your position and stop the loss. Wrong, wait for next time. If you do it right, you will increase your position with profit. As long as you can catch a wave of market trends, your principal can be doubled by at least ten or twenty times. Instead of frequently playing short-term, this will only make your pattern smaller and smaller, and you can only see fluctuations of a few points.

Article 3:

Many people have asked me in private messages how much leverage I usually open. Let’s talk about it below.

How much leverage you open depends on the following conditions:

1. Your risk appetite

2. The currency of the contract opened

3. Fund size of the contract

4. Are you doing simple interest or compound interest?

5. Judge the size of the market.

So it makes no sense for you to directly ask me how many times the leverage should be opened. If you have a high risk appetite, want high returns with a small amount of money, and wait for a more certain opportunity to pull as high as the stop loss position and leverage can go, how can you make your first pot of gold if you don't do this?

The difference between simple interest and compound interest is that if you are doing simple interest, the leverage can always maintain a certain multiple. But if it is compound interest, as your capital volume increases, the leverage must be reduced to increase the fault tolerance rate, otherwise you will have to start over after a big mistake.

Another point that I think is more important is that when encountering a big market, you must dare to take heavy positions, because big market conditions are hard to come by, and as long as you catch a wave, your capital volume may increase to a level.

Some old fans who are familiar with me should know that I started this wave of profits from compound interest of 10,000. The first transaction was to go long BTC with 20 times leverage. It took half a month to roll the position to hundreds of thousands, and then the leverage increased. It has gradually dropped, and when the capital is several hundred thousand, it generally does not exceed 10 times. When it reaches two to three million, the leverage will generally not exceed five times. The current amount of funds I may open is about three times that of the general market. (Mainly referring to BTC)

The above are some of my experiences while growing up for your reference.

A complete trading system contains four aspects

Confirm the trend, find entry positions, set take profit and stop loss, and fund management.

Reflection on Bitcoin King’s trading issues

Bit King earned 100 million from 10,000 in three years. Behind the 10,000 times return is a high risk that cannot be ignored. To earn so much money, in addition to Bit King’s extremely strong trading ability, he also has to thank the market for his food.

There are many things worth learning from Bit King’s trading. The following is a summary of Bit King’s trading experience:

1. Only by trading with money you can afford to lose and not being afraid of losing money can you make a profit.

2. "Fundamentals + technical analysis" combines the two to determine the direction. Only with the support of fundamentals can the trend be more stable.

3. Only do daily level trend market (fluctuation >30%), do not do intraday short-term, do not do volatile market, and do not hoard coins foolishly.

4. In the volatile market, still stick to the trend strategy, strictly stop losses, and wait patiently for the trend to arrive.

5. If you make a mistake in the wrong direction, you will never take the order. Making a mistake is not terrible, but returning to zero is the most terrible thing.

6. Compared to short selling, BitKing prefers to go long.

7. In the trending market, Bit King will wait patiently and choose a position with an advantageous price to enter the market.