MK守约

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The Trader's Cultivation: Burying Luck While Planting Discipline

In the crypto world, many people seem to be killed by the market conditions,
but that's not the case.
The person who truly takes action has always been themselves.
You think you are fighting for your life in the market,
but in reality, you are struggling against three things:
luck, greed, unwillingness, and the emotion of not wanting to lose.
What traders call 'cultivation',
can be boiled down to two things:
Bury the luck, plant the discipline.

Bury luck. Plant discipline.
It sounds very simple,
but 99% of people can never achieve it in their lifetime.
1. If luck doesn't die, the account cannot survive.
Newcomers in the crypto world all have the same script in their minds:

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《 The more you lose, the more you add = suicide 》

Stop adding to your position——the more you lose, the more you add, it is the quietest way to commit suicide for your account.
There is a kind of loss in trading that is not caused by the market crashing.
It is something you have nurtured yourself, bite by bite.
The first trade is wrong, unwilling to accept it;
The second trade averages down, wanting to lower the cost;
The third time adds again, thinking 'I've already lost so much.'

Chronic suicide
You think you are optimizing costs,
But in fact, you are amplifying mistakes.
The market will not give you face just because your position is heavy.
Many people have a misconception:
I've already lost so much, it can't possibly go down/up again.
But the most common scenario in the market is——

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《 Mind Cultivation, Character Refinement, Cultivation 》 —— A Self-Rescue Guide for Old Crypto Holders

After spending a long time in the crypto world, you'll find that
Technology can only determine if you make money; cultivation can determine if you can survive.
Many people don't fail to trade.
It's just that they are too anxious, too rigid, and too reckless.

The place of three cultivations in the crypto world.
1. Mind Cultivation: Don't be enslaved by a single K-line.
Fear of missing out on a slight rise.
Doubting life with a slight drop.
A bullish line changes belief.
A bearish line deletes software.
To put it simply, most losses are not given by the market.
It's your own emotions that get ahead of your brain.
Mind cultivation doesn't mean you become 'Buddha-like.'
Rather, it means achieving one sentence:
How the market moves is the market's business; how you act is your cultivation.

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Woke up and found a BNB, very comfortable.
Thank you 🙏 @币安广场
$BTC

BNB

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Yili Hua has already felt the deep malice of Wall Street
$ETH

MK守约

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No matter how much you shout $ETH , it feels like you can't escape a beating.
Too many people (including myself) are waiting to lick the package and pick up the corpses.
Sigh~ The financial market is fundamentally about profit-seeking.
{future}(ETHUSDT)

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Binance has launched a new feature - 'Group Subscription'.
The group subscription feature, simply put, is a 'paid group' that can be experienced for free for seven days.
Currently, it is a one-time payment for a lifetime membership in the group, but it is uncertain if there will be any adjustments in the future.
This time, Binance seems to be at the forefront of the times again. This feature is simply a blessing for many paid content creators. No more need to worry about where to create groups; you can directly open your paid group channel in the Binance chat room.
I really want to praise Binance here; they always manage to put the market's demands first.
Additionally, the current chat room experience may not be very high, but I believe it will improve more and more in the future.
$BTC

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"What has been done will inevitably be done again" — Under the sun, there is nothing new.

In the trading industry, it seems that every day has a 'new story':
New narrative, new track, new currency, new concept,
But those who have been in the market long enough know one thing clearly —
"The price will change its name, but human nature never changes its script."
1️⃣, "What does 'the price will change its name' mean?"
In trading, name ≠ essence.
2017 was the year of BTC, ETH
2021 was the year of DeFi, NFT
2023 is the year of AI, inscriptions
Today might be a new narrative or new cryptocurrency in front of you
The targets are changing, names are changing, stories are changing.
But when you look back at the price chart:

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Isn't this $BTC picking up money tonight?
If there's no market, just watch; if there's a market, get in.
Look, the market of 60,000 has arrived, go in first to eat more than 2,000u, and let the rest take profit and fly.
Now you can eat 4,400u, it's simply too enjoyable.

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Live $SOL this market is not like picking up money.
78 goes down to 70. Very comfortable

SOL

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Tonight's live broadcast, two times 1900$ETH are empty. Both have a stop loss of 1915 (15u stop loss).
The first order made 50u and exited at 1850.
The second order made 150u. Closed all at 1750.
200u taken down, very comfortable.

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I don't want the one starting with 6: $BTC .
The live broadcasts in the past few days have been emphasizing this.
Be a patient shooter～

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No matter how much you shout $ETH , it feels like you can't escape a beating.
Too many people (including myself) are waiting to lick the package and pick up the corpses.
Sigh~ The financial market is fundamentally about profit-seeking.

MK守约

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This $ETH is going towards Yi Li Hua
{future}(ETHUSDT)

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《 Stop loss is your own, profit is given by the market 》

There is a brutal truth in trading,
many people realize it only after being in the industry for a long time:
The only thing you can fully control is the stop loss.
As for how much to earn,
it has never been up to you.
1. Why is stop loss 'your own'?
Because at the moment of placing an order,
you can only decide three things:
To enter or not
how large the position is
If you're wrong, will you run?
Stop loss, in essence, is your pricing of 'cost of mistakes'.
How much are you willing to pay for a judgment?
Those who do not stop loss,
are not optimistic about the market,
but are unwilling to admit they were wrong.
The market will not stop just because you are unwilling.

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Cryptocurrency for a lifetime
$ETH

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"Volume is the Attitude of Money, Price is the Result of Money"

In trading, many people only focus on the price.
Excited when it rises, panicked when it falls,
Each candlestick is looked at more seriously than the last.
But what really determines whether the market can go far is not just the price,
but the volume.
To put it bluntly:
Volume is real money;
Price is just its appearance.
1. Volume is the attitude of money, price is the result of money.
What does it mean that 'volume is the attitude of money'?
Trading volume, to put it simply, is:
At this price level, how much real money is willing to bet.
Increased volume and rising prices = money recognizes this direction.
Decreased volume and rising prices = money is watching, testing.

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Last night's live broadcast!
$BTC reduced the position from 79000 to take profit at 75000 on the long position!
$ETH 2350+ reduced the position to take profit at 2222 on the long position!
Then entered the short on-site, BTC entered the market in the 78500–79000 range. Set a stop loss at 79500!
In the end, if you can't hold on, just sell it quickly, selling quickly always profits～
Attention‼️ When trading contracts, each trade carries a loss. It's possible to lose, but you can't explode.
If you lose, there's still a chance to make it back.
If you explode, you're off the table.
The stop loss is yours, the take profit is given by the market!
When placing orders, lock away the mentality of luck!