Our current strategy for placing orders is to no longer excessively predict the market. We decisively open orders to earn the money we should, and we do not get greedy for orders that we shouldn't earn. We aim to benefit from any sudden market movements.

Because of my ten-year career in the crypto space, I conducted a so-called ten-year in-depth review, experiencing countless black swan events in the crypto world. Among them, in 2014, the Mt. Gox incident saw Bitcoin plummet by 80%, in 2017 the 94 incident resulted in an 80% evaporation of market value, in 2020 the 312 incident had a single-day drop of 50%, the Luna incident in 2022 went to zero, the 519 incident in 2021, and the TF explosion in 2022. We have all experienced these, not missing a single event, and the old investors might still remember them vividly.
These events will occur suddenly, and the market will give a false impression. When everyone is extremely reliant on technical analysis to study where the support levels are, and to analyze where the next support level will break, it doesn't matter how you study it; when a black swan event occurs, I can clearly say that all will perish due to technical analysis. Even if there are a hundred support levels in technical analysis, they will vanish in an instant. Only those who have experienced the major events I mentioned will understand deeply.

Many old fans ask Ming how to make money in the market? Indeed, it's not easy to make money in the market; it's all about who ends up with the money. Newbies make money purely by luck, and it definitely requires accumulation. Constantly reshaping one's understanding, reconstructing the trading system, mastering order skills, risk management, and improving cognition to see through how this market operates. These are not things that can be achieved in just a year or two. Even some of us who have been in the crypto space for a few years are still losing money.

Even though I have experienced liquidation before, no one around me has ever questioned my skills or my ability to recover from losses. They all know that my issues stem from the leverage ratio, which determines my operational level. Before re-entering the market this year, I studied pinbars for several months, testing like crazy with futures, gold, and even Bitcoin, both stable and unstable assets. I continuously incorporated more stable operations into pinbars, enhancing them, managing positions, and adjusting leverage ratios, trying to create my own pinbar 3.0.

Before the return, I tested Bitcoin with 20-30x leverage, achieving an 800% return in ten days. However, the liquidation for long and short positions was at $6000. Despite trying to recover, it was indeed hard to withstand the fluctuations at $8000. But at that time, it was very exciting because I found that the problem existed within reasonable leverage. As long as I adjusted the leverage to 2-5x, regardless of whether there were tens of thousands of dollars in the range for long or short positions, the pin bar could demonstrate its obvious advantages. Instead of pursuing 800% in ten days, reducing the leverage by 10 times and aiming for 50-80% is already quite remarkable.

I have set for myself a low leverage, with a monthly return of 30%, and using a lighter leverage to easily achieve 60% on compounded profits.

Everyone has been watching the real market for ten days, and Ming's forced liquidation range is indeed very high. Moreover, the order entry positions are not good; the short order for the large pie at 117000 and the short order for 3400 Ethereum entered at a bad position, all short at the floor. However, pinbar2. The actual results obtained show a monthly return rate of 33%.
Although the entry position is not good, it is advisable to seek better entry positions in this regard, which will enhance higher returns.

Wishing everyone success in finding the holy grail in the market.

#BTC# #ETH# #GateioInto11#