Chives' essentials! Especially for sharing with college student chives and gambling chives!

1. First, talk about self-awareness.

Let me say a few words; actually, most people are not suitable for stock trading or entering the crypto space. You’re not fit for any form of gambling because you have serious character flaws, right? You don’t have the sharpness of a professional trader; you don’t have that business acuity, right? When it drops, you sell; when it rises, you buy, right? You don’t have that drive. Most people don’t have that awareness. You can’t even do business well; you can’t even trade properly, you know? Most people need to admit they’re mediocre, just chives, and have self-awareness.

Most people buy houses, right? How many bought during the bubble after 2017 when house prices rose? Including how many Chinese bought gold; I tell you, when gold hit its highest point, a bunch of them went in with high leverage. Then online, they say, 'Oh, how did I lose so much? I'm going bankrupt!' Isn't that what they deserve? Most people lack the skills and qualifications to trade, yet they insist on doing it. Trading cryptocurrencies, gold, futures, stocks, real estate; how many actually make money? Not many, really not many.

What I fear is that kind of person whose life is ordinary and has no business opportunities, yet wants to make big money. Trying to make some extra cash; this kind of person is just pure chives, you know? Just fuel, um, just a losing party.

Most people need to recognize that they are the 'chives'. If you're chives, you gamble with your life, right? Just play long-term, buy and don’t move. Don’t trade back and forth. You're chives; trading back and forth will ultimately lead to death. I bet my life with you; buy and don’t move long-term. Buy similar coins, right?

Various analyses of futures and spots, analyzing news for good or bad, what a hassle, isn’t it tiring? Just buy and don’t move, gamble with your life.

2. Mentality.

Your actions determine your mentality. It’s not about just saying your mentality is good or bad; it doesn't work that way. You need to understand this.

In various financial markets, whether it’s spot trading or contracts, it’s all about mentality. You know, mentality is very important, but it’s not just about having a good mentality or a bad one. What your mentality is depends on your actions, your playing style determines your mentality. As I said, if you always trade with $100 each time, your mentality will be good. It’s not about saying my mentality is good, yours is good; if your trading is wrong, your mentality will be wrong. If you put all your funds into trading, your mentality won’t be good. You need to trade little by little, and your mentality will be good.

3. Trading discipline.

Playing contracts with dragon-slaying tactics and chasing dragon tactics.

Chasing dragon tactics involve a 2% stop-loss on pullbacks. If you catch it on the rise, you’ll make a lot; if you chase it wrong, then it’s a 2% stop-loss. Chasing dragon tactics, losing 10 times and winning once is fine.

The dragon-slaying tactic is to hold on tightly to increase the win rate. Dragon-slaying doesn’t stop-loss; it believes it will either drop or rise, and if wrong, increase margin and buy more. You must slay it; you must win. Generally, people, due to their nature, don’t want to lose, are all into dragon-slaying. Dragon-slaying means always believing in your initial judgment; you must defeat it.

I suggest playing chasing dragon.

Most people in contracts just hold on without wanting to lose. It's not good; the liquidation price must be low, keep holding, keep holding, always lower, always lower, and still holding. Always holding.

Be sure to set a 2% stop-loss and a 5% take profit. If your win rate reaches 50%, you can keep making money. Set it up when opening positions; at night, also set it up and sleep well.

Open positions at night; set it up well and sleep peacefully. In the morning, check and see if the position is gone; check if it’s a stop-loss or take profit. If it’s a stop-loss, you lose 2 points. If it’s a profit, you make 5 points.

Contracts, contracts, plus notes mean short-term trading. Just follow my 2% and 5%. You need to judge whether the market will rise or fall, then set a 2% and 5%.

The way of holding positions is that while you hold on, your mentality gets ruined. At first, you don't have enough capital, and the more you hold, the lower it goes; by the end, you might even fall into despair.

According to my 2% and 5%, as long as you have a win rate, as I just mentioned, if your win rate reaches 50%, then you're definitely making a profit. Some people in contracts have a high win rate, but it's useless. It's just a win rate from holding on; if you hold on once, you're doomed.

According to my 2% and 5%, as long as you have a 30% win rate, you can break even.

I hope this helps everyone 🙏