I finally got the chance to enter BTC, going long at 803 and placing my stop-loss at 793. Tonight, let’s see whether the ETF can power through 830. I took a look at the ETF activity during this period, and it has all been aggressive buying. If it continues buying tonight, let’s see whether it can break through 830. I estimate that BTC will start surging when the European session opens at 3 p.m. I just don’t know how far it can surge—whether it will break through 812 or, like a few days ago, shoot up 2,000–3,000 points and smash through 830!
I think risking a 1,000-point loss to capture 2,700 points, for a risk-reward ratio of 1:2.7, is a very worthwhile trading setup. If my judgment is wrong and I get stopped out, I’ll accept the loss.
I rarely enter short positions. Calling tops and bottoms is difficult and not repeatable. Trading with the trend makes more money and is less likely to get you wiped out.
Some crypto friends have already started contacting me, asking whether I can teach futures trading. Sorry, BTB Research and I do not teach futures trading; we only teach spot trading. If you can’t make money trading spot, you’ll die even faster trading futures! For example, I had anticipated this wave of gains in advance; I just didn’t expect it to rise this much. But that doesn’t affect the BTC spot I’m holding—I’d actually love for it to surge straight to 126 in September. So I’m not emotionally affected at all. But if you went short at 650–670 when the uptrend started, you must be suffering terribly now. Whether it’s BTC or altcoins, if you get the direction wrong, why trade futures? If you can’t even read the trend correctly and trade futures without a stop-loss, you’ll definitely end up suffering massive losses. So there’s no need to learn futures trading; focus on doing spot trading well.
But I have to admit that if you truly master futures trading and can achieve consistent profits, you don’t need much capital—100 USDT or 1,000 USDT. With a 50% or 40% win rate and a risk-reward ratio of 1:3, suppose you make three trades, win one, and lose two. Assuming you lose 100 USDT once and make 300 USDT once, based on the win rate, you lose 200 USDT on two trades and make 300 USDT on one, for a net profit of 100 USDT. As you advance, improving your win rate and risk-reward ratio, and eventually reaching the level where you can profit from both trend-following and countertrend moves across all 18 levels, as long as you maintain this rhythm and let time work for you, I won’t say you’ll achieve financial freedom, but at least your living expenses won’t be a problem.
This is the complete path to futures trading, all the way to the ultimate method. If you can’t understand it or don’t have this level of insight, I still recommend that you stay away from futures trading, or you’ll lose everything.
$BTC
I think risking a 1,000-point loss to capture 2,700 points, for a risk-reward ratio of 1:2.7, is a very worthwhile trading setup. If my judgment is wrong and I get stopped out, I’ll accept the loss.
I rarely enter short positions. Calling tops and bottoms is difficult and not repeatable. Trading with the trend makes more money and is less likely to get you wiped out.
Some crypto friends have already started contacting me, asking whether I can teach futures trading. Sorry, BTB Research and I do not teach futures trading; we only teach spot trading. If you can’t make money trading spot, you’ll die even faster trading futures! For example, I had anticipated this wave of gains in advance; I just didn’t expect it to rise this much. But that doesn’t affect the BTC spot I’m holding—I’d actually love for it to surge straight to 126 in September. So I’m not emotionally affected at all. But if you went short at 650–670 when the uptrend started, you must be suffering terribly now. Whether it’s BTC or altcoins, if you get the direction wrong, why trade futures? If you can’t even read the trend correctly and trade futures without a stop-loss, you’ll definitely end up suffering massive losses. So there’s no need to learn futures trading; focus on doing spot trading well.
But I have to admit that if you truly master futures trading and can achieve consistent profits, you don’t need much capital—100 USDT or 1,000 USDT. With a 50% or 40% win rate and a risk-reward ratio of 1:3, suppose you make three trades, win one, and lose two. Assuming you lose 100 USDT once and make 300 USDT once, based on the win rate, you lose 200 USDT on two trades and make 300 USDT on one, for a net profit of 100 USDT. As you advance, improving your win rate and risk-reward ratio, and eventually reaching the level where you can profit from both trend-following and countertrend moves across all 18 levels, as long as you maintain this rhythm and let time work for you, I won’t say you’ll achieve financial freedom, but at least your living expenses won’t be a problem.
This is the complete path to futures trading, all the way to the ultimate method. If you can’t understand it or don’t have this level of insight, I still recommend that you stay away from futures trading, or you’ll lose everything.
$BTC
