A ten-year-old leek's Gate journey begins (a small lie-in to win) II

Continuing from the previous article, a ten-year-old leek’s Gate journey begins (a small lie-in to win) I

https://www.gate.io/zh/post/XlVEVlhdBAdwRxZPFwoE/status/4036243

The past taught me:

1. No matter how skilled you are, you must not liquidate your position. From now on, you will no longer assume that you will get rich suddenly, but you will worry about liquidation becoming possible. With the awareness of risk, the style becomes focused. The prerequisite for compound interest is to reduce drawdowns.

2. The market is always right, whatever it says is true. Technology always has limitations, paradigms always have omissions, and individuals always have biases in interpretation. The current market trend is the real "true self."

3. Technology is secondary, and the trading system is the core. Only by being honest and disciplined can we ensure compound interest.

The above three points are suitable for an honest person like me and a big boss with greater psychological endurance. They can be ignored. After all, wealth can be found in danger.

In order to achieve the above goals, concretely, I only do BTC, with a maximum of 5 times full position, which has become what I am today:

Explanation: The recent decline in yields is due to the increase in the level of traders the day before yesterday and the requirement to increase total assets. Therefore, total assets have increased and the yields have been greatly discounted. It is not a loss in orders.

The following is the main closing history of positions on gate:

From an absolute value perspective, the key to the 200% return rate is the short position closing on August 23 and the short closing position on September 2.

The overall approach is to the right, and after the market is relatively clear, step 2 to close the position.

Don't underestimate the growth of tens of U. When the principal is low, using BTC at a lower multiple to make stable profits is the hope of many friends to get back the capital again. Now that you have 100U, you can steadily double it every month. , what is the result? I don’t know if you have calculated it, but I have.

| | Principal | Growth multiple | Target value | | --------- | ------ | -------- | ------ | | 2023/9/1 | 100 | 2 | 200 | | 2023/10/1 | 200 | 2 | 400 | | 2023/11/1 | 400 | 2 | 800 | | 2023/12/1 | 800 | 2 | 1600 | | 2024/1/1 | 1600 | 2 | 3200 | | 2024/2/1 | 3200 | 2 | 6400 | | 2024/3/1 | 6400 | 2 | 12800 | | 2024/4/1 | 12800 | 2 | 25600 | | 2024/5/1 | 25600 | 2 | 51200 | | 2024/6/1 | 51200 | 2 | | | 102400 | | | | | 2024/7/1 | 102400 | 2 | 204800 | | 2024/8/1 | 204800 | 2 | 409600 | | 2024/9/1 | 409600 | 2 | 819200 |

100u will steadily double every month. After one year, there will be 81wu. For many people, they will definitely get their money back.

Of course, I haven't achieved it myself yet. To achieve this, I understand that the core is: guarantee to double every month.

Let’s break down the difficulty:

1. Doubling is actually more difficult.

2. It is even more difficult to ask for doubling every month.

But many people will misunderstand this table when they see it. They think that in order to reach 80wu, they must force themselves to double every month, and they must do it every month. In the end, many people's actions will be deformed due to "KPI", and finally explode. warehouse.

Therefore, countless past experiences have taught us that in fact, the above core is just a cover-up for compound interest. The real key is: to make stable, controllable and sustained profits without liquidating the position.

Let’s break down the key points:

1. Don’t liquidate your position.

2. Sustained profitability.

We need to be stable and not liquidate our positions. In fact, the control of varieties and leverage multiples is a very important part of discipline.

From the perspective of risk control, we choose BTC and 5 times the variety and multiple.

The interpretation of sustained profitability is:

1. Try to make a controllable large cycle to ensure greater profits at a low multiple.

2. Try not to engage in uncontrollable small cycles to reduce the risk of retracement.

3. When the market is not moving, you cannot force it and wait for time to give you the answer.

Thank you Gate for giving me the title of treasure trader. I hope that in the coming year, I will become a true treasure to my friends.

https://www.gate.io/zh/article/32056

The transaction at gate was considered unintentional, and the principal invested was indeed very small.

However, you can mainly focus on a companionship. It is not recommended to have too much money for companionship. It is enough to be about the same as mine. Can we make a one-year agreement?

If you give me 100u of trust, I hope that one year later, I can return your 80u of trust and your dream will come true!

I hope that by then we can all see "facing the sea, spring flowers blooming."