Mental Account > Fund Account & 10 Long-term High-quality Swing Currencies
Disassemble the core process of catching the golden dog to understand the difficulty:
①You need to know that he is a golden dog → need to be recognized;
② You saw him in the early to mid-term → Needs diligence, such as living on the chain;
③ You buy, and the position cannot be too small → You need to have a certain amount of funds + you need to have your own trading model + you need to match your cognitive actions;
④ You hold on and get enough gains → You need to know + you need to hold on to the muscle memory that the golden dog makes money for you;
⑤ Then you sell it and realize enough profit → You need to be able to withdraw money and also need muscle memory;
As for whether to keep a bottom position, it depends on different people's different trading systems;
You will find that it is really not easy to do the above five steps. If there is a problem in any link, all your efforts will be wasted.
This is obviously not something that can be achieved overnight;
Therefore, every time you make a mistake, you will suffer the double blow of "capital loss" + "wrong judgment" → that is, the double drawdown of the psychological account + the capital account;
In the speculative trading market (especially the dog-hunting market), the "wild horse effect" (referring to the serious failure caused by emotional out-of-control problems) will be magnified;
So this is the fundamental meaning of "mental account" > "capital account". Without a full and stable mentality, you cannot control this market;
So how can you increase the balance of your mental account?
My answer is: start with the simple questions;
The more times you do things right, the more you understand, the more you know, the more money you have, and the more your mental bank account is filled, and on this basis, it will be much easier to catch the golden dog;
Want to capture excess returns (10×)?
You should first try to capture the average return (30%-100%);
Want to catch the new 100x golden dog?
You must first understand the current Memecoin.
Provide 10 long-term high-quality Memecoins:
① $Andy;② $Wolf;③ $APU;④ $Wojak;
⑤ $Mog;⑥ $Bitcoin;⑦ $Zyn;⑧Npc;
⑨ $BOBO;⑩ $JOE;
These are all high-beta varieties of ETH. Even if you don’t understand TA, you can still find the rules of opening positions and withdrawing profits that you can see. At the same time, here are a few principles (taking mog as an example):
1) They are both high beta of ETH. You can judge their trend based on the rise and fall of ETH at a small level, and measure their rise and fall ratio with ETH at a small level. For example, the recent ratio of PEPE to ETH at a small level is about 1:2.5;
2) They are both very volatile. When there is no major trend in ETH, they will fluctuate widely. When there is a major trend in ETH, they will fluctuate more violently, regardless of whether it goes up or down, so you have to always observe ETH;
3) When ETH reaches its limit (2800), it will fall sharply, which is a good time to open a position;
4) Their 4H high point callbacks have certain regularity, which you can measure;
5) 4H level FVG (gap) and Order Block above 4H level are relatively healthy positions to buy. You can search for these two technical indicators on YouTube, where there are many tutorials.
6) Once you find the pattern, you can keep rotating your funds among these assets. Sell the ones that have risen the most and buy the ones that have fallen. Do this cycle patiently.
7) The success rate is higher when trading at a level of 2 hours or more. Do not complete the position all at once. It is best to do it at least 3 times.
8) When buying them, you must go to the community and see which Twitter accounts are bullish every time the market goes up. Find the big CX leaders in the community to understand the logic of the meme's dissemination. See what the community's culture is playing and hyping and understand it. Then, pay attention to the new dogs on the chain at the same time. You will find that you can see it more clearly. This is a process of practice makes perfect.
