The hard way for a contract trader starting from a construction site
Editor's Note: This article comes fromPento Speculation Road, reprinted by Odaily with authorization.
Editor's Note: This article comes from
Pento Speculation Road
, reprinted by Odaily with authorization.
Hello everyone, I am Minime and I am a Pento's trader. It is a great honor for Pento to give me this opportunity to share, and I also regard this sharing as my summary of the currency circle.
Don't let people around you know that you are speculating in coins, let alone let them speculate in coins.
I know that most of the group of friends who have time to watch this sharing are in a state of loss. I used to be one of you, maybe even worse than you.
I graduated from university in 2013 and went to Suzhou to do HVAC. Most of the time was spent on construction sites, with an internship salary of 2,600 a month. Two years later, that is, in the middle of 2015, I entered the A-share oxtail market and lost almost all of the more than 100,000 I had saved in two years. Looking at the one-word limit, I haven’t told my parents where the money for working in Suzhou went. They thought I spent it myself, but in fact it was spent by others.
That year, I took over a Lilly pharmaceutical project in Suzhou Park as the project leader. I was the only one in the project. When I was young, I believed the boss’s verbal commission promise. The bucks sent me. I resigned naked that day and took all the project materials with me. That year is now the Tonga Trench of my life.
In 2018, I accidentally learned about the currency circle. I didn’t speculate in the beginning, because the stock market suffered badly, and I didn’t want to touch the currency. I could earn tens of thousands of dollars a month by doing OTC. At the beginning of September 2018, when Dogecoin was a pyramid scheme, grandparents entered the market frantically. In those ten days, I could earn more than 10,000 a day. I was very happy, and then my bank card was frozen. I still have tens of thousands of dollars on hand, so let’s speculate in coins. This decision made me suffer, despair, and fear for the next half a year.
I strayed into a QQ group and followed the group owner from BTC4000 to 8000. I vividly remembered the sleepless nights, and there was only my silent regret in the middle of the night. Not to mention that I lost all the money on hand, I borrowed all of Alipay’s loans, online business loans, Jingdong Gold Bars, and Nanjing Bank’s Chengyidai. I feel that my life may be ruined. I used to look at those old brothers who were waiting to go ashore in the post bar. I felt very far away from myself. At that time, I felt that I had become one of them. How ironic and how helpless ah! That half year is now the Mariana Trench of my life.
When you turn off the lights and eat noodles, don't shed tears.
I turned off the light.
By chance, I learned that there is a big V in the currency circle called Pento. At that time, it was very difficult to join Brother Pento's 3,000-person group. I could only watch Brother Pento's analysis and sharing in the mute group. I searched the group account several times a day to see if the number of people was less than 3,000. I watched every speech of Pento, and I also participated in the live broadcast of Bicoin. I was the first to ask a question, but Brother Pento ignored my question. Brother Pento started Pentotrader in September, and I signed up soon. I failed the first month's assessment. But this month's experience made me start to think about how to trade. A series of new terms such as position, stop profit, stop loss and risk control appeared in my mind. It turns out that trading should be like this! Gave me a great shock! For novices who are new to the contract market, you will not think about the concepts of stop profit and stop loss when trading on platforms such as OKEX, Huobi, and Binance. These platforms will not allow you to have these concepts in your mind. Their goal is to squeeze you dry, not all at once but many times. So I rooted in BitCoke trading.
Here I have to mention another nobleman I met in the coin circle: Sargeras (Mr. Sa, formerly known as West Trump, and Mr. Special, I want to mention here, the name of the Burning Legion was proposed by me!), Mr. Sa is still The group selflessly dedicates their own technology.
Pentotrader made me realize what a correct transaction is, and Mr. Sa made me think about how to make profits through technical analysis. You can make fun of Brother Pento for posting orders, but in your heart, please respect and cherish the conscience of the currency circle-Brother Pento and Mr. Sa, because you can get a lot of free whoring from them, and people must be grateful. Thanks!
This is my coin circle story. Seeing all of you here, I know that many people have their own stories, some are magnificent, and there are also many unhappiness that no one can understand. Do not shed your tears, for tears are of no avail.
Many friends definitely want to say, don't talk nonsense, just say which one to buy and which one to drive.
In fact, the more you do, the more mistakes you make, so you have to think more.
BTC weekly chart in 2019
Example 2:
The logic of the short order here is actually very simple. If you have read the "Japanese Candle Chart" or the naked K trading "Price Action", you can see that the short market is very large. With the long upper shadow left by the two-month stress test, short orders are logical.
Example 2:
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Weekly chart of BTC rebound after rapid decline in 2020
A long order here is based on the fact that the weekly line of the week engulfed the upper shadow line in the previous period, and it was arranged in a long position. Then I looked back at the history. I found that every time I touched this central line, it was a one-time breakthrough, and then the price would rise. Stopping at the large-level downward trend line, this order is a matter of course.
If you can enjoy 2-3 big market waves every year, it is not a problem for your income to outperform 99% of the people in the currency circle.
When I first played, I used to operate frequently. I spent a lot of time watching the disk every day. In the end, I paid more than 100,000 yuan in handling fees and paid a clean bill. I couldn’t sleep well, eat well, and my hair became Pento. What is the purpose of this transaction method? Masochistic transaction? Growth is when you realize you're stupid, I don't know how many times I've smoked myself.
Ants know to move to avoid risks when it rains, and you are still trading risks every day. It's time to wake up!
The above is about the trading mentality and trading rhythm. Let me talk about my personal trading method.
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The big time structure needs to know the pressure and support position
Please look at my trading interface, which is basically based on large cycles. Using the historical K-line as a reference, a supply zone and a demand zone are formed. The price will stagnate in the historical supply zone and demand zone to choose a direction, and what I do is when the price stagnates Position billing, that's all. There is a concept in my mind, the fluctuation between the supply zone and the demand zone is ignored, and there are only two lines in the eyes of the supply zone and the demand zone. This kind of trading method can also be placed in a small level to open an order for trading. If you can strictly implement it, I believe you will gradually have your own trading rhythm and slowly follow the market rhythm. I won't go into details, many of them are based on experience.
The number one mistake that novices make when they lose money is to participate in too many transactions. What is your logic for each bill? Because the price has risen, do you think it will go up if you think it will go up? Because the price has fallen, do you think it will go after the short if it continues to fall? For example, the recent market has killed many retail investors who chased long and short. Don't participate in the market that you don't know how to do. The market that you participate in must have your own order opening logic. Ask yourself why you open an order and what supports your order opening? Hope it's not your confidence, There are old traders and bold traders, but there are no old, bold traders.
