The Growth Journey and Investment Insights of Trader Colin

This episode invites trader Colin, with whom we will delve into trading experiences and market insights.

Career Formation Path

Colin originally did not work in the financial industry, but gradually became a full-time trader through self-study. He was exposed to basic financial knowledge during his university years and realized the difficulty of doubling returns in the financial markets. Initially, he accumulated capital through multiple part-time jobs, including tutoring and working at convenience stores. He strictly controlled his expenses and invested most of his income.

As Colin accumulated a certain amount of capital, he began to operate in the market. He believes this is easier to achieve financial goals than simply working. Currently, he mainly trades Bitcoin, Ethereum, and US stock indices.

Trading Framework for Mature Traders

Colin believes that the framework of a mature trader should include three key elements:

1. Goal Management: Clearly define the purpose of entering the market and the expected returns.

2. Mindset Management: Maintain humility, rationality, and discipline.

3. Trading System: Establish a trading logic and method that suits you.

He emphasized the importance of rational thinking, believing that emotional trading should be avoided and the market should not be treated like a casino.

Three Impressive Trading Experiences

1. When he first entered the market, he turned 2000U into 6000U, but then he lost it down to 1700U. This experience made him deeply understand the importance of stop-loss.

2. Accurately predicted the trends of two assets through technical analysis, gaining a sense of achievement. However, he emphasized that predictions should not be the basis for trading decisions.

3. In 2024, he experienced significant losses on the ETH/BTC trading pair. This experience made him realize that assets like Ethereum should not be equated with Bitcoin.

Three Pieces of Advice for My Past Self

1. Carefully choose study resources and read more specialized textbooks.

2. Stick to your stop loss and do not cancel it out of frustration.

3. Remember the original intention of entering the market, do not let the desire to make money affect the important people around you and your quality of life.

View on the Current Market

U.S. stocks: Short-term fluctuations are significant, but the long-term outlook remains positive. Pay attention to the interest rate cut process after inflation eases.

Bitcoin: Pay attention to the average cost of short-term holders near $92,400, as this is an important resistance level. The TMMP indicator around $67,000 may become the dividing line between bulls and bears. The range of $81,000-$85,000 may serve as a short-term price center.

Overall, Colin currently holds a cautious attitude towards Bitcoin and prefers to wait for a lower price point before considering entry. If the price breaks above $93,000 and maintains for a period, he may consider going long through contracts.