Recently, I made an alpha tutorial and found that many people don't know how to make money with alpha, especially those with a small principal. So I want to share my experiences and lessons learned about alpha.
I only have two accounts, with a principal of 1300 dollars. I have one account, and my wife has one account. After doing this for about half a year, I now have about 11,200 dollars, making a profit of nearly 10,000 dollars.
Some folks think alpha can’t make much money, holding only a few hundred or a few thousand dollars, and they want to trade contracts, hoping to multiply their investment by tens or even hundreds. I used to think this way too and acted on it. I haven’t calculated how much I’ve lost trading contracts over the years, but it should be more than a dozen bitcoins. Why did I lose? Because I was foolish. In the past few months, I learned a lot from Chi Ge’s slices and reflected on my earlier self, who couldn't even draw a candlestick chart, didn’t know what the Vegas channel was, didn’t understand the relationship between volume and price, couldn’t recognize support and resistance, and had no idea about left-side or right-side trading. I had no position management, so it’s surprising that I could make any money!