Recently, I have carefully reviewed the trading post of Teacher @ thankUcrypto and organized my notes on the core points for my own learning and trading. If you are interested, you can bookmark and take a look The biggest takeaway I have gained myself is that I have a particularly good sense of playing with eagles, and my reaction speed is very fast. This requires a certain talent Another thing is that financial luck has arrived, it's easy to take off Wang Jing once said: You have no luck, no matter how hard you try, it's useless. Another thing is position management, which can be learned and is the core of the core. With good management, novices can also make money in the trend market 1. Imitate excellent traders: Contact real traders, consult their analytical logic for opening orders, and gradually lose your own experience 2. Effort+Luck: Continuously monitoring the market for 3-4 days without feeling broken, with good luck for 24 years to capture AI+MEME+inscriptions, etc After repeatedly liquidating positions several times, I learned how to manage funds. At the beginning, I couldn't overcome human nature and repeatedly cancelled my stop loss orders I didn't really want to change myself until I was almost at a loss If it is a trend market, seize it; If it's a volatile market, such as now, close your position. Actually, the transaction is very simple, not that difficult. ” 4. Billing logic: Basically abandoning various indicators, relying on cognition to make big money Don't be superstitious about various technical indicators, each indicator is only suitable for a fixed market trend When you want to achieve a 90% accuracy rate when several indicators overlap, but often it is in this heavy position that you lose a lot of money. Not being superstitious about indicators does not mean that indicators are useless 5. How to enhance cognition? Continuously losing money to pay tuition fees, thanks to money. If it hurts enough, the cognition will naturally be in place. You haven't stepped on any of your pitfalls in vain. Floating profits and increasing positions, copying high multiples, and not stopping losses can all lead to significant losses, all of which can enhance one's awareness How to determine if a coin is worth buying? How to determine the billing logic? When I am working on small coins, small market value knockoffs, or some niche mainstream coins, what I value most is popularity - whether there are hot events driving them, and whether they have enough appeal Making pancakes is completely different from making ether. I operate BTC and ETH based on market trends. If encountering a volatile market, I will observe price behavior at key positions and sometimes refer to some indicators, but they have little impact on my decision-making. What really affects my decision-making is always my overall quality, such as my mentality and operating environment at that time 7. Regarding taking profits and stopping losses at buying and selling points, I will respond flexibly. For example, in the oscillation range, the previous high and new high can be used as take profit and stop loss points; You can also refer to daily moving average pressure levels, such as MA30, MA120, etc; Or draw a trend line and stop loss if it falls below. Regarding position management and leverage. Many people see that the leverage on my trading order is 10 times, but that's just surface data. Because I will withdraw a portion of the funds in the market, the actual amount is only 5 times. And I won't fully open the position at once, but gradually build the position, so in actual operation, it's about 4.5 times leverage. Although what you see is 10 times full, I am very stable because there is still a large amount of available funds in my account. 9. Rolling funds does not depend on leverage ratio The key is to have accurate direction, clear logic, and avoid big mistakes, such as short selling against the trend or carrying orders blindly. As long as one avoids fatal mistakes and dares to compound interest, it is possible to achieve a breakthrough. I suggest that everyone's actual leverage should not exceed five times. What truly drives funds to roll is logic, strategy, and execution, not how high leverage is used. 10. Counter intuitive entry points Many times it is based on event driven or judgments made in certain specific environments The key is one's ability to react on the spot. Can you detect the event in the first place and quickly determine whether it can affect the price trend in the next few days The first step is to maintain sensitivity to information; The second step is to watch more, practice more, and trade more. These rely entirely on accumulated experience and cannot be summarized into any formula or system 11. Suggestions for Small Fund Retail Investors to Turn Around Firstly, do not trade with debt; Secondly, participate more in the primary market; Thirdly, accumulate a certain amount of capital and knowledge before considering entering the futures market.