Du Ge, I've been a bit confused lately and want to ask you for some advice. I first got into crypto in early October last year. At first, I was running quantitative strategies, but that strategy was just a holding strategy, and after a black swan event, I stopped running it. Then I started trading manually. I've studied Chan theory, naked K, and smart money. But honestly, as I learned more, it felt like I forgot everything. Now I trade based on naked K, liquidity to see support and resistance levels, and then when the price reaches those levels, I look at volume-price relationships. I've been refining this system through the bear market over the past year, allowing me to go from losses to break-even and then to profits. I mainly trade in ranging markets; I'm not very good at trending markets. Now crypto has started to bull a bit, but for some reason, my system's win rate has dropped a lot in the past month. Du Ge, could you give me some advice? Much appreciated 🙏🏻 1:08 AM ---- I've thought about it, and I used to have the same confusion. I also studied various technical schools. I think your direction is right and you've received positive feedback, forming a good virtuous learning cycle. You've also found your niche, which is trading ranges. Your recent low win rate is because recently BTC has surged 51% in this trend. Also, when trading ranges, it's very necessary to set stop losses at the range boundaries; if you don't do this well, it will affect your win rate. Also, don't be too greedy in range trading, but take profits at the lower boundary of the range when you should. If not, use a grid bot for automated trading and set stop losses at both ends. I've always said this industry has many opportunities and niches—some focus on direction, some don't follow trends, some trade ranges.

Hello Du Ge, I officially started trading in the crypto space on September 15. I had some basic experience with fund and stock trading before, but it was very shallow. By luck, I grew 20u to 160u. However, around 1 PM today, I saw that Mars coin mar on X, and I went long on a 20× contract. The total amount at that time was 185u, with an unrealized loss of about 24u. At the same time, I also went long on mubarak, which had an unrealized profit of several tens of u, but I didn’t take profits in time. As a result, both of these positions dropped a lot this afternoon and were forcibly liquidated, bringing me back to 20u. I feel a bit lost and empty inside. Could you please give me some advice? Sorry to bother you. -- Spend one year focusing solely on BTC, knowing all its candlestick charts inside and out, ideally memorizing them. Spend 8 hours a day studying candlesticks and position management, repeatedly opening small trades and constantly verifying what you’ve learned, reviewing your trades countless times. Combining this with AI will speed up mastering a single asset thoroughly. After that, you can use what you learned for the rest of your life and expand it to other assets. After this year, BTC will become your cash machine, and trading will be your cash machine. More importantly, you will understand yourself better and find your niche in the industry’s ecosystem. Trading is one of the best training grounds; here you can see the world, see people, and most importantly, see yourself. If you enter the space just to chase quick opportunities, grabbing this and that, five years, or even eight to ten years later, you will find you have achieved nothing. You will be little different from when you first entered, only having lost more money and not found the reasons, blaming everything on manipulative whales.