交易指南

1. Visit the official Binance website:
Enable VPN and avoid IPs from the US and Singapore, click on the Binance official website referral link https://www.binance.com/join?ref=T2B9C434 (fill in the referral code: T2B9C434 to enjoy a 30% commission rebate).
2. Download the Binance app:
Apple users: Please go to the overseas App Store outside the US region to download, such as the Hong Kong or Taiwan App Store.
Android users: Please make sure to download the app from the official website. If prompted, you can choose to install offline or disable the phone's pure mode.
3. Choose the registration method:
Register using a +86 phone number or email and set a strong password.

The content comes from an interview with Feng Wuxiang, a prominent figure in the cryptocurrency world who started from farming and then moved to the MEME track, achieving profits exceeding ten million from multiple individual projects.

How to earn the first 10 million?
I once served as the VP of marketing operations at an e-commerce company. In a chance encounter in 2021, I came across the 'new project' business in the cryptocurrency field. Consequently, I resolutely resigned from my e-commerce job to focus on cryptocurrency new projects. With the rising popularity of Bitcoin and blockchain, I reviewed past projects, calculated costs and returns, and found considerable profits, believing this was an opportunity not to be missed.

Regarding on-chain trading, there are a few important principles:
Avoid using large amounts of capital.

The definition of large capital varies from person to person.

For example, if you have $100,000, participate with $10,000; if you have $1,000,000, invest $100,000 to $200,000; if you have $10,000,000, invest $1,000,000.In short, only use funds you can afford to lose.Because the risks of on-chain trading are relatively high, far above traditional exchanges.Clarify your own trading strategy.The wizard shared three trading strategies on Twitter, while others are often traps:a) Hot TokensFor example, recent ones like PINUT, LUCE, BAN, etc., these tokens can quickly rise to tens of millions or even over a billion in market value.

1. Visit Binance official website:
Turn on VPN and avoid IP addresses from the United States and Singapore. Click the Binance official website registration link https://www.binance.com/join?ref=T2B9C434 (fill in the referral code: T2B9C434 to enjoy a 30% rebate).
2. Download the Binance app:
Apple users: Please go to overseas App Stores outside the US to download, such as the Hong Kong and Taiwan App Stores.
Android users: Please be sure to download the App from the official website. If prompted, you can choose to install it offline.
3. Choose a registration method:
Register using your +86 mobile number or email address and set a strong password.

Binance is the world's largest cryptocurrency exchange. Mainland Chinese users can register and use Binance to purchase cryptocurrencies. It is safe and secure. Here are the registration steps:

1. Visit Binance official website:
Turn on VPN and avoid IP addresses from the United States and Singapore, click on the Binance official website registration link https://www.binance.com/join?ref=T2B9C434 (fill in the referral code: T2B9C434, and you can enjoy a 30% rebate).
2. Download the Binance app:
Apple users: Please go to overseas App Stores outside the US to download, such as the Hong Kong and Taiwan App Store.
Android users: Please be sure to download the App from the 官网下载. If prompted, you can choose to install it offline.

Welcome to register on Binance, the world's largest cryptocurrency exchange, where funds are safe and secure. Mainland users can also register and use Binance for deposit and withdrawal transactions. The following is a graphic tutorial on registering on Binance:

Visit the official website or download the App:
Visit Binance official website or download Binance App from AppStore (fill in referral code T2B9C434 to enjoy 30% commission)
Binance official website registration link: https://www.binance.com/zh-CN/join?ref=T2B9C434
Apple users please go to the Taiwan AppStore to download, Android users must be sure to download the App from the official website.
Search for "Binance" in Taiwan AppStore

Any trading system or model will experience favorable and unfavorable periods. The favorable period is naturally pleasant, while the unfavorable period is difficult to endure, and many people fall during the unfavorable period. When there are more than a dozen consecutive losses, many people will find it unbearable.
For those who do not have a trading system and rely entirely on emotional trading, they will feel anxious regardless of whether the market goes up or down, and it is not surprising that they will eventually be eliminated by the market. Whether you can survive the adverse period depends on two key factors: deep thinking and firm belief.
The two complement each other. If you think deeply about your trading system and believe in its effectiveness and stability, your belief will be stronger and you will naturally be able to stick with it longer.

My answer is: not only is it not necessary, but the two are completely unrelated.

Many traders make market predictions, and I am no exception. Sometimes I am right and sometimes I am wrong. The difference between a novice and an expert is how they deal with a failed prediction. A novice will often lie flat after a failed prediction because they trade based on predictions or emotions, which is unhealthy. Buying and selling criteria should never be based on predictions.
Although market forecasts are based on the perception and judgment of probability, they cannot rise to the level of guiding operations. Operations should be based on the signals of the trading system rather than on forecasts.

Can I play short-term or ultra-short-term?
My answer is: Yes, but not for most people.
There are many excellent quantitative trading companies in the market that conduct high-frequency trading. The most famous one is Simons' fund, whose returns have far exceeded Buffett's for decades. These companies and top traders capture fleeting trading opportunities in the ever-changing market, and the average holding time for each operation is only one or two days. But the question is, can you do it? Don't take on porcelain work if you don't have the diamond drill.
Short-term trading requires an extremely complete trading system, superb trading literacy and rich trading experience. Even on these foundations, if you still have 1% of emotional fluctuations, it may lead to failure.

I do not recommend investing heavily in other cryptocurrencies except Bitcoin$BTC and Ethereum$ETH . The investment ratio of a single currency should be controlled at most between 1/5 and 1/3 of the total position. In other words, you should hold at least three or more coins when you have a full position.
Many people asked me, isn't the contribution of diversified investment in several coins the same as holding only one coin? So, what is the significance of splitting positions? If you are extremely optimistic about a coin, can you hold a large or even full position?
My answer is: No.
The core purpose of diversified investment is to prevent extreme risks with a small probability. "Black swan" events often occur in the stock market. Even large companies may suddenly break out of fraud or bankruptcy, causing stock prices to plummet. The risks in the currency market are even more dangerous. As long as you trade in this market, chance becomes inevitable, and one day you will encounter a product that will burst as soon as you buy it. If your trading habit is to hold a large or even full position in a single currency, then sooner or later you will encounter a "black swan" event.

The trading markets (including the cryptocurrency market and the stock market) are all affected by news, so many people are very sensitive to changes in news and try to gain profits or avoid risks by obtaining news in advance.
Frankly speaking, it would be so cool if you could really get the news in advance! If you can grasp the opportunity correctly, making money is as easy as picking up money. Many people have this fantasy because there are indeed people who can play it very well. For example, in the A-share market two years ago, when the 20cm stocks of the ChiNext were unstoppable, one day there was a sudden intraday crash. Some stocks went from rising 20% ​​to falling 20% ​​in an instant, which caught people off guard. Later, I found out that it was Xinhua News Agency that released the news to crack down on poor-performing stocks. If you can get this news in advance like the big funds in the market, making 40% a day is not a dream!

Some people open an account, place an order in a hurry, and then anxiously wait for the development of the market.
In fact, you have already lost a move. Why? Because you don’t have the patience to wait for the best opportunity to enter the market. As the saying goes, "Everything is difficult at the beginning." Whether your first order and first transaction in the market are profitable will have a great impact on your overall victory or defeat and mentality. You should observe calmly and make calm judgments off the market and finally make a cautious choice, which requires patience and a correct understanding of futures.
Don’t think that you are not doing futures trading if you don’t enter the market. The futures market is a battle of wisdom and psychology. When you stand in front of the screen, you have already started to fight wits and courage with the market.  Your victory is that you see through a trap and don’t enter the market; you are confident in a rising trend but still a little skeptical and wait patiently for a while, and then the market suddenly reverses, and you are glad that you didn’t place an order hastily and suffer losses, which is even more of a big victory.  So it can be said that there is also a fight outside the market. It is not a physical fight, but a battle of wisdom and psychology, which has already begun outside the market.

Some people say, "I like to do short-term trading, never long-term trading." Others claim to do long-term trading. Some people ask me whether I do long-term or short-term trading, but I always find it funny and even a little unhappy. I answer, "Neither long-term nor short-term trading." This always surprises the other party. I say, in my opinion, there is no such difference. I have never thought about doing long-term or short-term trading, I just want to make money. It sounds a bit hypocritical, but it makes a lot of sense.
Why do you say that? Because the so-called long-term and short-term refers to the time your trading order stays in the market. Is the purpose of your order to stay in the market for a long or short time? Isn't it to make money? ! The time each trading order stays in the market must be different. But is that your plan in advance? I closed some orders shortly after entering the market, which made those people think it was short-term, right? But I just felt bad and wanted to leave the market to wait and see. It's not that I want to do this, but the market forces me to do this, and I don't like it even more.

Welcome to register on Binance, the world's largest cryptocurrency exchange. Mainland users can also register and use Binance for deposit and withdrawal transactions, which is safe and secure.

Visit the official website or download the App:
Visit Binance.com or download the Binance App in the App Store (fill in the referral code: T2B9C434 to enjoy a 30% commission).
Binance official website registration link: https://www.binance.com/zh-CN/join?ref=T2B9C434
Please note: Apple users please go to the Taiwan App Store to download, Android users must be sure to download the App from the 官网下载.
Select the registration method:

1. Open the Binance APP, search for "Market" in the top search bar, and you can find it on the function page. Click to open

2. Scroll down and find ByteTopup

3. Enter the bytetopup applet to purchase various gift cards from around the world

4. Select the desired gift card for the US, local or mainland China regions and purchase it directly using Binance Payment, and recharge it to your own Apple ID account.

This way, you can buy global gift cards without a visa card, and you can happily buy the paid apps you want or open a Twitter blue badge.

Tips：Binance official websiteDownload the APP and fill in the referral code FRYV02PP to enjoy the highest rebate and new member gift package in the entire network. No discount if you do not fill it in

Why? Have you ever suffered a loss in this regard? Yes, I never trade on pullbacks.
Specifically, I never take advantage of a market correction to follow up a short order when the general trend is bullish, and I never take advantage of a rebound to follow up a long order when the general trend is bearish. why? On the one hand, it has to do with my futures philosophy of never making small money. Because the magnitude of the correction is generally not too large. Secondly, I don’t want to let orders that are contrary to the general trend affect my thinking and shake my judgment. Because, since you have placed the order, you definitely hope that the market will develop more in your direction.

It does not mean that someone can win because of his good psychological quality. In fact, the difference in psychological quality between people is far from as big as we think. There are strengths and weaknesses, and the strengths tend to vary. But weaknesses have a lot in common.
Things that are often exposed in the futures market include: timidity, greed, lack of patience, etc.
The key to the problem is not who has good psychological quality and few psychological weaknesses. Rather, it is a question of how to overcome weaknesses in futures market operations. Many people think that my psychological quality is good, which is another misunderstanding. In fact, I just understand my own psychological weaknesses better, and adopt active and effective methods to prevent various weaknesses from being exposed in my board operations. In other words, use my trading techniques to adjust your mentality and avoid psychological weaknesses.

I said "80% profit target for each market wave". Some people ask why it is not 100%? Of course, everyone wants to make things more perfect, buy at the lowest and sell at the highest. But which points are the highest and the lowest? We cannot know before the market is over. During the market development process, we can only estimate whether a certain point is the highest and the lowest. By chance, the estimate may be correct. This chance does not exceed a few percent.
If we take profits out of the market based on this possible contingency. I don’t know how often I miss out on big market trends. Suppose I count from the highest point during a big uptrend and the market moves back 20% before I leave the market with a profit. It seems that the profit is 20% less in theory (just in theory), but how far will the market go in a strong period before there is a decent correction? You often have the unrestrained mentality of "giving up" 20% of the profits at any time and win yourself a huge profit space. In the overall calculation, it is definitely "not worth the loss".

We cannot predict the rise and fall of the market with 100% accuracy, let alone let it develop in a direction that is beneficial to us after placing an order. We cannot expect the market to reach our profit every time. There are too many times when we are helpless in the market. And the only thing we can do is control our losses.
"Stop loss" is the initiative granted to us by the market.
If the market stipulates that every time the market goes reverse, you must lose more than 20% or more of all margins, then I will never appear in the futures market again. I would also advise you to leave as soon as possible.
Fortunately, we can control our losses at will. This is the initiative granted to us by the market. It is also the only initiative that we can always implement 100%. It allows us to fight the market with minimal risk every time.

I mainly use daily K-line combined with wave theory to conduct research, judgment, comparison, and analysis. I have used other indicators before, such as moving averages for a period of time. But then they gradually gave up on it, or just used it as a reference.
There are various reasons for this, such as the moving average. I found that if I take away the past market and look at it, it is generally consistent with the development trend of the market, but it is often the last. This constant lateness prevents me from making timely judgments and decisive actions. This kind of "timely" and "decisiveness" is crucial to my overall futures thinking and philosophy of "stop loss first, timing first". important.