(Original) What is a trading system?
Friends who often jump off buildings have heard of trading systems. Many big Vs also talk about mysterious and unpredictable trading systems, just like martial arts secrets. Once you learn them, you can travel all over the world.
Teachers who often blow up their positions also use chicken feathers as a command, various indicators, various naked K, various trend line pressure points, etc., and listen to the leeks and bow their heads and shout awesome.

In my opinion, the trading system should be a comprehensive system:
Direction judgment system, entry strategy, stop profit and stop loss strategy, capital management system, emotion management system, these five categories.

1. Direction system. No matter what theory you use, whether it is Fibonacci theory, Elliott wave theory, entanglement theory, moving average theory, etc. The most important thing about these tools is to judge the direction! Simply put, it is whether the long-term trend is long or short.

2. Entry strategy. Whether you use overbought and overbought strategies, top and bottom divergence strategies, Fibonacci strategies, or even Kent channel strategies. In this 365-day x 24-hour super speculative market, you can enter the market at any position, but which entry position is the most advantageous? Which has the largest profit-loss ratio? You have to know it yourself.

3. Stop-profit and stop-loss system. Whether it is a fixed stop-profit and stop-loss, a moving stop-profit and stop-loss, or a method of getting rich quickly/jumping off a building. You must have your own method. Especially stop-loss, which is a safety belt for life and can save your life at a critical moment. If you have unlimited funds, just ignore what I said.
Some people take a retracement x% stop-profit and a fall below the cost x% stop-loss. Some people stop-loss when the position is blown up.
In short, in this circle, living long is the king. I have seen many genius traders return in the previous second, and blow up in the next second. They said they were going downstairs to buy a pack of cigarettes, but they didn't take the stairs or the elevator.

4. Fund management system. Either a light position trial and error method, a heavy position hard hair, or a full-handed method. No matter what method, choose it according to your own situation.

5. Emotional management. How much pressure can you bear after opening a position? Or what methods do you use to relieve stress? Some people run, some play games, some masturbate, some sleep, and some have sex.
Basically, the more you stare at the market, the more scared you become, and you always feel like you'll be done for in the next second. So, out of sight, out of mind.

In summary, the trading system is cognition, the unity of knowledge and action. There is nothing mysterious about it.

The key position of the classic falling pattern. The trader of the big cake is very powerful, and the price has actually walked out of the classic falling pattern.
Attached picture, the upper part is the big cake trend. The lower part is the classic falling operation chart. At present, the big cake has come to a very critical position (see the horizontal line position in the figure below). It is estimated that this position will require a volatile market to determine the direction. At present, the bulls are dominant. However, this is a very strong resistance. Once the price is rejected many times, it will definitely open a downward trend. Entering the second bottoming stage, it is very tragic.
If the bull detonation point on August 21 can be knocked down, after standing firmly at 57,000, it will hit the resistance level again, and after breaking, it will open an upward wave.

How is the conspiracy theory of ton laid out?
Nothing ever happens suddenly, only things that have been planned for a long time come to fruition. What you see and hear may just be what others want you to believe. No matter how much the banker fanned the flames, he still wanted to make money. Since he wants to sell things to you, whether he sells 4 and buys 3, or reduces the number of stoves and increases the number of soldiers, his operation traces will always be exposed in the indicators!
Also, don't trust the trading volume too much. In the face of modern high-tech quantitative programs, the trading volume can be made. Sometimes the cautious trading volume is the most important tool for the banker to mislead you. So, don't use the logic of stock trading to set the currency circle, you will die!

Please pay attention to the time mark in the figure below, the wave peak, the trading volume,
the corresponding time period. Look carefully and carefully, and you will understand a lot of things if you understand it.

The impact of the end of yen arbitrage on the crypto market. (Original, please note if forwarding) 1. Only when the tide recedes can you know who is not wearing pants. The yen used to implement negative interest rates, which means that you don’t have to pay interest when you borrow money in Japan. At this time, you need to find some high-yield accounts, and you can earn excess risk-free spreads, commonly known as making money while standing! Isn’t it great? Then the yen loan is converted into US dollars and enters the US stock market, US bonds, and of course the blockchain ETF.
When the yen released its interest rate hike expectations, institutional investors all over the world understood that this kind of game was over, and now they need to sell US stocks and blockchain ETFs to repay yen debts. Since everyone has this demand, if a swarm of selling will inevitably smash all kinds of assets, and if it causes retail investors to flee in advance and cause trampling, it will bury institutions and big investors! As a result, the world's big dealers began to tacitly brag about the good economic development, among which Master Bao’s insincere words were the representative, and a lot of smoke bombs were released to cover the capitalists' retreat. It's time to retreat. Of course, the bigger the waves, the better. It's best if the waves can temporarily raise the water level to the same level as the shore, so that everyone can go ashore seamlessly. Otherwise, if the waves are not big enough, the tide will go down, and whoever is not wearing pants will be exposed, which is not fun.
2. The unethical Bitcoin Conference and shameless boasting and lies. Continuing from the above, big investors now have to sell coins to repay their money, because the blockchain is extremely volatile. If they sell coins on a large scale, it will inevitably collapse. First of all, traditional financial capital will withdraw, represented by Grayscale, and the receiver is ETF. At present, since ETH's ETF has just started to sell, capitalists still have a lot of goods that have not been sold to retail investors. Therefore, it must be a large range of fluctuations to reduce positions at high levels!
At this time, someone needs to come out and continue to blow. For example, someone said shamelessly that there will be 10.45 million pie in 2045. This is to tell you not to be afraid to buy boldly and you will earn it if you buy it! This is the love blessing given to you by the dealer. You just take it. If you take more, you will be the next billionaire! A lot of people at the Bitcoin conference are like grandmothers, full of love and care for you, asking about your well-being and whether you are touched or not.Who dares to say they are not moral?
This is a speculative market! Don't be so self-satisfied, you and I are not worthy

"One Reluctance and One Greed"
Hurrying and stumbling on the road of trading. Panicked and drowned in the hustle and bustle of the sea of ​​coins, I have walked so far without realizing it.
Reality is so heartbreaking and helpless. 1 part of luck, 99 parts of thousands of cuts, I don't know how much silver I can get in exchange.
If the heart is not dead, the Tao will not be born, and if the desire is not extinguished, the Tao will not exist; if the heart is not bitter, the wisdom will not be opened, and if the body is not bitter, the fortune will not be thick;
No one's dissuasion will run you to enlightenment. The only things that can really make you wake up from a dream and see through the world are the losses you have suffered and the walls you have hit!
Only by putting yourself in a dead end and then surviving, and being trapped in a dead end and then surviving, can you climb up from the sea of ​​corpses and blood.
People cannot be awakened, and people can only wake up in pain. Whether you are awakened by punishment, awakened by shock, or awakened by a fall.

The road of trading is cruel and rich, with such contradictions and turbulent fluctuations, but it is full of fatal attraction.

Too much helplessness...

One unwillingness, one greed. When can I get ashore?

"Walking on Thin Ice, When Can I Get Ashore?"
The writing ends here. It's just a dream, and I am content with mediocrity. I would like to dedicate this article to all my friends who are walking alone.

The first half of life has ended, but there are still parents' kindness to be repaid, children's responsibilities to be fulfilled, and husbands and wives' wishes to be fulfilled. When will life get ashore? Everything I see is at a loss. Looking back on the past, I am grateful for my family's support and their support every time I was in desperate situations.

Life is often difficult, but the courage to turn the page and restart is not often there. I have been dealing with my inner heart for forty-three years, chasing dreams and ideals, hitting the wall several times, and finally I don't know when I can get ashore. Abandon it, but only seek peace with what comes.

Life is gentle. If it rains, let it go. Life stops and starts, one mountain after another, countless moments of insisting with tears, can only grit your teeth and insist. I don’t think I’m an excellent person, nor do I have enough financial knowledge and skills. I’ve been stumbling along the way, and I’ve never let myself go.

I’ve been writing short articles in the square for a while, and I don’t care about the praise or criticism of others, or the gains or losses. I’ve never taken orders, sold memberships, or cut leeks. I’m just entertaining myself and selling wine.

Here, I would like to express my sincere gratitude to all my friends for their company through this article.

Life is not easy, let’s encourage each other, and wish you all the best

"How Can Anyone Know Your Suffering"
How can anyone know your suffering, how can anyone understand your difficulties, how can anyone empathize with you and fully understand your pain.

We each have our own loneliness, we each have our own pain, we each have our own bitterness.

We stumbled all the way to the distance.

We are not unaware that this is a cannibalistic market, we are not unaware of what the ending here will be.

If we can make money in reality, I will not come to this shitty market.

What else can we do?

Some people come here with the money from the likes of food delivery

Some people come here with the money left by working frugally

Some people come here with mortgaged houses to seek a turnaround

Some people come here with online loans

Some people even come here with the money from selling their bodies

Here, more people come here with their own meager savings

Here,...

Here,
More people laugh at you as a rookie, insult you as a gambler,

Some people eat your blood-stained steamed buns but laugh at you for not having enough money to stop losses
Some people here even say that investing is risky, and taking orders is risky. If you lose, you don’t get compensation, but if you win, you have to share.

There are too many confused people here.
There are too many lost people here.

Is this hell or heaven?

As soon as the price goes up, all kinds of monsters and demons come out.
Some start shouting, "The bulls are back, come back quickly."
Some shout after the fact: I told you to go long a long time ago.
Some believe in the gods: The big cake will not let you down.
Some teachers send screenshots of their winning rate hundreds of times.
Some people swear that they will cut off their hands if they go short again after their short positions are blown up.
Some write short essays, make up stories, and give you chicken soup.
Even more outrageous is that some people ask how to withdraw money without freezing the card after earning 100 million in the coin circle.

Everyone starts to climax lately, like taking expired aphrodisiacs.

Damn, you guys were still singing bearish last night!

he,tui

《Salted Fish's Journey》

When I cross this mountain, I will tell you about my unbearable experience

That was the first time I encountered that mountain

Naturally, I couldn't listen to good advice

There are many people in the world who return empty-handed and lose interest.

Every night I lost, I was willing to do so

Later, I finally crossed that mountain

Only then did I find that the green water flows forever, the south wind remains the same,

Everything I see is myself

The mountain is still the same mountain, but the water is not the same water as before.

I am not the same person as before

When I cross this mountain,

I will tell you about my unbearable experience

"Xianyu Xinlu" Don't pursue a sense of security
1. We must accept the uncertainty of the market, the market's confusion and inexplicable.

2. We cannot pursue a sense of security in this highly uncertain market, it is immoral.

3. Don't pursue the best buying point and the highest selling point. No one knows what the result will be except the dealer.

4. Don't challenge the market with your ignorance and arrogance, it is meaningless.

5. The fundamental reason why you are nervous, indecisive, and trembling is that you are afraid of losing!

6. You must accept your stupidity and ignorance, try to reconcile with yourself, and accept your mediocrity.

7. Always remember that the indicator is a product delayed after the price has gone! You must accept the error of the indicator.

8. Choose a trading method that suits your personality, don't envy others, and don't think that he and I can do it.

9. Don't trust others casually. Maybe 99 people in the group are all agents, and you are the only one who is real!

10. The mistake is not in technology, but in your stubborn concept.

(Xianyu Xinlu) 《Waiting for the Wind》
Many people don't know how to take advantage of the east wind, but always choose to act recklessly when there is no opportunity, often accomplishing nothing, and finally only moving themselves.

Waiting for the wind.
Chasing dreams does not depend on how old you are, or whether you are brave or timid, passionate or indifferent.

Perhaps, everyone has a rough and sad period in their hearts. Maybe you have been glorious, or maybe you have been in a trough. Life cannot be smooth sailing. As long as you are not really at a dead end and want to jump off the building, you may stop and rest, change to a trading method that suits your heart, and respect yourself.

Waiting for the wind.
The road under your feet is important to take one step at a time. There are always people who expect to double the money they buy tomorrow, and they don't even look at the spot, and the contract 100 times can't stop it. You are too impatient. Maybe you do have many unavoidable difficulties that require you to quickly grow your wealth. However, if you run too fast, you will often fall half to death. Don't have survivor bias, always thinking that you can also get the wealth shown by some survivors who have survived a narrow escape.

Wait for the wind to come.
Actively pursue the direction of the wind, and opportunities are often obtained by your own initiative. How can you know where the points come from if you don't try.
There is no right or wrong in this market. If you think that the market that does not follow the routine is wrong, then you must be wrong.
Use countless small positions to try and make mistakes, and you will always think of the right one. Wait for the wind to come, won't you rise?

Wait for the wind to come

Let's encourage each other

"Salted Fish's Journey" (Be true to your heart and be determined)
The market is like a big river, vast and surging, flowing endlessly. Countless people make a living on the river. In the deep water of the river, there are luxury cruise ships singing and dancing; there are towering cargo ships loaded with containers; there are speedboats flying and cutting through the waves.
In the middle water area of ​​the river, there are passenger ships full of workers; there are roll-on/roll-off ships climbing with black smoke; there are empty ships running fast.
On the nearshore of the river, there are people driving broken boats to pull nets to catch fish; there are small sampans and light boats rippling;
On the shore, there are people fishing, playing in the water, swimming, and picking up water plants.
However, you have never seen the bottom of the water, where corpses are rolling.
Everyone has his own way in the river and uses his own tools to move forward, no matter what kind of...

You said that what I should consider is whether I can use the river to reach my destination, instead of considering where others' destination is!

Be yourself, don't be too picky.
Be confident, respect your heart, and be determined.

"Salted Fish Heart" (Choose to respect your own heart)

People often say that character determines destiny, so in this circle, character also determines how you operate.
The difference in everyone's personality will inevitably affect everyone's mentality and cognition.
Some people have a calm personality. Mount Tai collapses in front of them but their appearance remains unchanged. An elk thrives on the left but does not blink. It can be stable and not fluctuate due to price fluctuations.
Some people have an impatient personality, and their hatred will eventually return to the sea, while the bright moon will be ruthless but rise to the sky. When the price is guaranteed to be oversold, my mood will rise and fall completely with the price.
Some people are fond of taking the wrong side of things, and are accustomed to licking blood with the tip of a knife, destroying everything, leaving no way out for themselves, and pursuing a manly man. Either get rich or lose suddenly.
However, the vast majority of people in the world are ordinary people who pursue stability and don't mind taking risks occasionally.
More people are mediocre and are ultimately led by price. My mood is constantly going up and down, left and right. Hahaha when it rises, Ma sells batch when it falls.

Since everyone has different personalities, you must choose a trading method that suits you. Choose a method that matches your personality.
It is absolutely impossible to say that this method is good today and that style will be good tomorrow. The big cake is good, the second cake is good, the copycat is good, the local dog is good, and I want to play with the airdrop. The left wants it too, the right wants it too. Bulls eat too, and bears eat too. The end result is a confused mind and a haggard heart.

Only do what you can understand, accept your losses, and earn the money you know. Abandoning greed and fear is the enlightenment of this circle!
If you can't earn even small amounts of money stably, then when the opportunity comes, don't think too hard. If you make a lot of money due to luck, you will inevitably lose an even bigger amount of money due to luck.

The big tree in the sky also grows up day by day from the saplings. Masters also come out through hardships and hard work.

Only through self-crossing can we achieve success.

All gentlemen encourage each other.

"Salted Fish Heart" (There is no bottom in the heart, and the world is naturally wide)
It is said that cognition determines success or failure. In this circle, position determines opinion. Those who hold positions are naturally bullish. Those who are short-term are naturally desperate to be bearish.
In fact, those who dare not go short at high positions and those who dare not go long at low positions are the same group!
In this highly speculative and high-risk market, why do you come here to seek stable income? Isn’t this the old man who eats arsenic to live longer?

When you have the view of top and bottom, you will naturally preset it according to this situation. If you guess right, it will be fine, but if you guess wrong, you will be doomed.

If you remove the top and bottom, change it to oscillation. I feel a lot more relaxed now. This shows the importance of following the trend!

Many people like to lick the edge of the knife and go short, and go long when the bottom is low. Maybe, you succeeded 99 times, but if you licked the wrong thing once and licked deeply, it is very likely that your tongue will be cut off by a knife, and you will receive disability insurance in the next life.

It's going to rain, and my mother is going to get married.
What should plummet will not stop because of your greed.
What should skyrocket will not stop rising because of your prayers.
Since we cannot control this situation, we should not be demanding a 100% winning rate. This is unethical.
Since it has really fallen, then do T to save your capital and get out. Even if you sell out later, as long as you implement your own trading system, it will be correct. Because only strong rule enforcement is your safety belt.

"Salted Fish Heart Path"
(Risks rise, profits fall)
The price has reached this point, and many people have begun to torture their souls again: Why can’t I hold it? Before answering this question, we must first understand a truth. People seek benefits and avoid disadvantages. The essence of human nature is to fear losses. Therefore, it is normal human nature not to buy when the price goes down and not to sell when the price goes up. This is understandable. Please Don't blame yourself too much.

When it falls, the bottom diverges again and again. You think it is the bottom, but in fact there are 36 levels of hell. When it goes up, the top divergences and diverges again and again. You think it is the top, but in fact there are 13 more heavens!
So, don't guess the top or bottom. Sometimes, you only find out when you look back. This is the top and this is the bottom. But ask yourself, under the circumstances, could you be so sure? So, instead of second-guessing things and regretting them, it’s better to start over.

This market is a seller's market. What this sentence means is that the essence of this market is that some people bought cheap goods at the bottom in the past few years, and now they have raised the price through tacit bargaining, and then buy things for you at a high price.
The real top is when they're full and things are running out. This is the logic of all capital markets, and it is not the same in the world!

Therefore, those who really make money in this market must be good at position management. The key is to open positions in batches and reduce positions in batches. We must have the mentality of losing my life and gaining my luck.

The grand occasion when Grayscale was engaged in futures ETFs was just like the grand occasion when BlackRock is engaged in spot ETFs now. History is always surprisingly similar! Moreover, many institutions and even pension funds held positions that year. Therefore, if there is no opponent for the profit-making exit of these capital tycoons, the consequences will be disastrous.

Here, I would like to tell my Takong friends that if you miss it, you miss it. Wait until later. Don’t be too anxious. The purpose of establishing BlackRock ETF funds is to make profits. Later, the holdings will be gradually reduced and cashed out, so the next round of highs may be higher, but the time will be longer, and the fluctuations will not be so big in the future. The era of slow cattle has arrived.

"Salted Fish Heart Record" The market is always right, you are the only one who is wrong.
First of all, the market is an operating system under the joint action of many factors. Simply put, it is consensus and expectations. The more widely these two are promoted, the larger the audience system will be and the larger the market will be. Everyone blew up the balloon together. There was once a saying that the consensus of leeks is also the consensus.

Secondly, the market is actually a seller's market, which means that the dealer's ultimate goal is to sell you what he has on hand. The more it goes down, the less people buy it, and the more it goes up, the more people buy it. It is common human nature to buy up and not down. And the market situation is exactly anti-human nature.

Finally, the market is volatile, disorderly and orderly. It will not rise because of your greed, nor will it fall because of your fear. Only by acknowledging the variability of the market can we gain a foothold in this market.

However, people often have inertia or path dependence. If you are used to this road, when you encounter the opposite road, you often don't turn around, but continue walking along the original road. The final outcome is already determined.

So, don't fight the trend. As a tiny part of the market, you have no meaning to the market.
If you really disdain or dislike this market, you should step on it when the market is weak to make it worse. Instead of trying to catch the flying knife when it was strong.

If you are extremely optimistic about the market, you should not sell. Keep buying to help it as it rises.

Go with the flow and respect the market

"Salted Fish Mind" Pain is the only way for traders to become enlightened

There is never any empathy in the world. If you feel empathy, it only means that you have also experienced the other person's experience.

In this market, only pain can enlighten you. Therefore, people who succeed in trading must go through various hardships. Whether it's the deception of the market or the dealer's pretentiousness, or whether it's true or false.

When facing the huge deficit in the account, the loneliness and numbness after the liquidation, these so-called disasters make people despair and feel at ease! You will inevitably pull out the innermost self from the depths of your soul and torture it repeatedly.

Only in times like this, if you can persevere and get through it, will you be reborn and achieve enlightenment!

Only then can we give up the ignorance and timidity of the past without hesitation, not dwell on the past, and not be obsessed with the present. Only then can we stand firm in this market, like an invincible trader.

The heart is like still water, neither greed nor fear

"The Thoughts of Coin Speculation"
There is no right or wrong in this market, no differences in positions, only conflicts of interest. When you win, play in awe of the market. When you fail, find the grace to be grateful and not kill.

What goes against your trend is often someone else's opposite trend. So, in this market, you are just betting your hard-earned money against the devil in your heart.

In this market, most people are ordinary people without much trading talent. Therefore, it is not easy for you to do a good job in one direction, and you have already surpassed many people. If you want everything, do more, and want nothing, your heart will actually tell you what the final outcome will be.

Respect the market.