Full-time trader Colin shares growth experiences and perspectives on the BTC market.

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The Growth Path of Traders and Investment Wisdom

This episode features full-time trader Colin, who discusses the trader's growth journey, trading framework, and his views on the current market.

Professional Formation and Investment Varieties

Colin initially started from business school, accumulating capital through part-time tutoring and other jobs. He primarily trades Bitcoin, Ethereum, and US stock indices. Colin emphasizes that the massive monetary expansion in 2020 was an important external factor for his success.

Elements of a Mature Trader's Trading Framework

Colin believes that a mature trader's framework should include three core elements:

  1. Goal Management: Clarify trading purposes and set reasonable goals.

  2. Mindset management: Stay humble, rational, and disciplined.

  3. Trading System: Establish your own trading logic and methods.

He particularly emphasizes the importance of rationality, believing that only by maintaining rationality can one make correct trading decisions.

Impressive Trading Experience

Colin shared three impressive trading experiences:

  1. The experience of turning 2000U into 6000U when first entering the market, only to quickly lose it down to 1700U, made him deeply realize the importance of stop-loss.

  2. Successfully predicted the trends of OP and DAR, validating the effectiveness of technical analysis.

  3. The significant losses in the ETH/BTC trading pair in 2024 made him realize the unique position of Bitcoin.

Advice to My Past Self

If he could go back to the past, Colin would give himself three pieces of advice:

  1. Carefully select learning resources and read more professional textbooks.

  2. Stick to your stop loss and do not cancel your stop loss order out of greed.

  3. Remember the original intention of entering the market, and do not let trading affect life and interpersonal relationships.

View on the Current Market

For the US stock market, Colin believes that there will be significant short-term fluctuations, but he remains optimistic in the long term.

Regarding Bitcoin, he pointed out several key points:

  1. The average cost of short-term holders is about $92,400, which is an important dividing line.

  2. TMMP( is about 67,000 USD ) and may be the dividing line between bull and bear markets.

  3. The range of 81,000-85,000 dollars is the current price pivot.

Colin currently has a slightly bearish outlook on Bitcoin, but does not rule out the possibility of a double top pattern similar to 2021. He stated that he would consider buying in batches near TMMP, or consider going long after breaking through the $92,000-$93,000 range.

BTC-2.78%
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GasFeeVictimvip
· 13h ago
It's another talk about mindset... pump it up.
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MEVHunterXvip
· 08-17 05:55
What? I became a teacher while trading.
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GateUser-74b10196vip
· 08-17 05:39
Lying flat and winning is the real skill~
View OriginalReply0
MeaninglessGweivip
· 08-17 05:37
Hmm? Another 20 years of Cryptocurrency Trading for the lucky ones.
View OriginalReply0
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