I haven't written a short essay in a long time.

Write a simple article about your ten-year journey into the cryptocurrency space and your personal views on cryptocurrencies, including contracts and spot trading.
I hope to provide everyone with a bit of help.
After graduating from university, I chose to work in Shenzhen with my relatives in the foreign exchange market. At first, what did I do? It was all about learning the basics of the forex market, the specialized terminology, then studying fundamental analysis, technical analysis, learning about candlestick charts, moving averages, MACD, RSI, and other technical indicators. I analyzed charts to predict market trends, then I had to develop trading strategies #特朗普数字资产峰会发言# , operate a demo account, manage risk, and control my psychology. A few years passed, but to be honest, I didn’t lose money in forex, nor did I achieve financial freedom, but at least I can say it improved my quality of life, allowing me to travel to many countries and enjoy tourism.
I came across Bitcoin in 2013 when some overseas students around me were playing with it. At that time, it felt quite empty, and I didn't delve into understanding it. Later, as my classmates became affluent and the few hundred yuan worth of it rose to thousands and even tens of thousands of yuan, I had to start understanding it. So I began to search for information extensively and got involved in researching the underlying technology of blockchain, trying to understand what value it could bring. Is it just a game of passing the parcel, or are there real applications?
It was about 15 years later that I truly entered the circle. At that time, there were quite a few, but many were just playing around and then running away. I encountered two scams. Since I was originally in forex, I couldn't avoid leverage trading. I remember BTC dropping from $10,000 to $2,800 in just two days. From that $2,800 big cake until now, I have been in the circle all the time. So from $2,800 to $110,000, there hasn't been a major event or black swan in the crypto world that I haven't experienced. The most classic was the Luna crash and the subsequent panic event, which continuously reshaped and elevated my understanding through these repeated black swan events.

Let's talk about trading insights. On the first day of my practical trading data on Gate.io, I emphasized a key point: the news in the crypto world far outweighs technical analysis. I have done in-depth research on so-called technical analysis, but they will always only serve as a reference tool. When the market makers are harvesting your funds, they know very well that they can only harvest some people through technical analysis. When the news hits like a smoke bomb, trading systems that rely entirely on technical analysis often face liquidation and massive losses. When the news comes, there are fundamentally no support or resistance levels. The market cap of Luna was in the top ten, and it dropped from over 110 dollars to 0.0005 overnight. Tell me, where's the support level?
If the total is 3500 and it breaks through 1800, if the brakes can't be applied, even 1500 can quickly rebound. It's just a matter of seconds with a needle. If you want to make money, the first thing is to respect the market, and the second is to always pay attention to news. It seems that in the past few days when I make trades, I generally do so before meetings or when there are no significant news events predicted. I can use technical analysis for arbitrage in a range where fluctuations are not large; at least I can aim for a return of 20-30%. However, I use low leverage, which essentially means no risk. As news is about to be announced, I usually try to take profits and reduce my position, freeing up excess chips. Even if I need to deal with black swans or chase good news, at least my key entry points have extra funds available so I won't get trapped, and I might even make a big profit with small leverage and low multiples.
It's not difficult to switch positions in a short time, just one week or two weeks, so don't look at others' return rates, because the return rate can't reflect a trader's level. If you explode with dozens or hundreds of times leverage, it's gone, it doesn't exist anymore. The key is to look at the drawdown. If the monthly return rate can reach 50% or 60%, with a drawdown within 20%, that is very excellent.

The market itself is not easy, so cherish your money as you go.
Follow me, let's chat occasionally #BTC# it's a good thing to be able to pay less tuition.