Yesterday's funds were 324 U, today's funds are 541 U.
Last night I quickly reviewed every diary entry I had written before. Looking back at my diary, I was overwhelmed with emotions and tears streamed down my face. After reading the diary, I asked myself: why haven't I made any money?
From selecting tokens to timing my entry, I have no issues with chasing hotspots. My predictions about hotspots are quick, almost to the point of being brilliant. The tokens I previously selected in my diary that yielded tenfold returns are numerous, and my win rate in contracts is frighteningly high. From predicting a bull market to interest rate cuts to the US presidential election, I have been accurate.
I focused on reviewing the diary entries about my failures, tallying up my failures and their reasons. Almost every time I failed, it was due to contracts, either by holding onto positions too long, using too much leverage, or increasing positions during a downturn. Often, after my contract blew up, the market would rebound, and the tokens I chose for my contracts were all high-quality tokens. If I had chosen to do spot trading instead of contracts, I would have already made a fortune. I was blinded by a single leaf; with limited funds, my desire to chase more money ended up depleting my initial capital. Contracts rely not on talent and skills but on luck.
I have repeatedly stated in my diary that contracts are doomed, and spot trading is king. Yet I have become blinded by my own thinking. I always think of getting rich quickly, wanting to reach the top in one step, but in reality, slow and steady wins the race. Without accumulating small steps, one cannot reach a thousand miles.
The token will not disappoint those who believe in it. A bull market will not disappoint those who are bullish. Believe that everything is still possible from now on. A prodigal son returning is worth more than gold; it's never too late.
My current funds on Binance, combined with my primary market funds, have reached 1000 U. I can trade contracts again, but this time, I used only 500 U for spot trading, using the other 500 U to persist in spot trading for a month. Spot trading is king, and I want to use my talents to outperform the monthly returns of contract trading. In a bull market, spot trading is not worse than contract trading. I will take a month to prove the effectiveness of spot trading. Spot trading allows for more trial and error and is less stressful compared to the anxiety of contract trading. Isn't spot trading more appealing than contracts?
Meanwhile, my funds in the primary market are still engaged in the primary market battles, waiting for the day they gather at Binance. The tokens in the primary market are mixed, requiring a strong ability to chase hotspots and make predictions. Out of ten thousand tokens, 99.9% are zero-value tokens. To make money in the primary market, you need to have the ability to find the 0.001% quality tokens; otherwise, it is better to trade in the mature secondary market. Binance is a mature exchange that filters out poor quality tokens from the primary market.
December 14, 2024, my market logic predictions.
This is my personal logic; please do not casually purchase in the primary market, as it is easy to lose everything and the risks are significant.
Today, my Binance account holds both contracts and spot tokens, but the funds for contracts are very small, only 20 U. The spot funds are 500 U. I want to try buying my favorite token in both contracts and spot trading to see which is stronger over a month. The token has been rising for three days; today is the fourth day. Even the strongest tokens should correct at some point. I want to change positions, but so far today, I haven't found any good tokens in the secondary market. I'm looking forward to explosive concept tokens emerging in the afternoon or evening.
It seems that money from the secondary market has started to flow back to the primary market.
In the primary market, I still favor AI16Z (the barometer of AI concepts in the primary market), as well as the currently relatively small market cap tokens ELIZA, degenai, and MAX.
A new logical line emerging from the primary market is the GRIFFAIN and BLINK tokens. GRIFFAIN has already surged, and BLINK is worth paying attention to.
There is also a logical line I am following, the HFUN token of the Hyperliquid ecosystem after the HYPE surge. However, the HYPE and HFUN tokens are like standalone tokens.
I personally really like the AI16Z token, ELIZA token, and BLINK token.
