I'm very sorry, due to personal reasons, today's live broadcast has been canceled. The content will be sent to everyone in text form. First, after the bullish candle on the monthly chart in April is completed, in May, including the Dow Jones, Nasdaq, and cryptocurrencies, I am all looking at deep retracements. Short positions have already been opened, and I just added to them earlier. Second, this year marks exactly the 10th year of trading cryptocurrencies. I want to discuss risk control with everyone. The first rule of trading is risk management and controlling drawdowns. This is the foundation of trading and, more importantly, the lifeline! In this market, it’s not about who makes money the fastest, but who survives the longest. Only by surviving can you qualify to talk about making money.

The first step in risk control is position management. Simply put, don’t put all your eggs in one basket—that’s the top priority!

First, I want to share a principle with everyone: The knife you use for trading must be your own leisure funds, absolutely not borrowed, loaned, or used for urgent needs! For example, if you have 100W, you should take out at most 10%, which is 10W, to trade high-risk positions. The remaining 90W should be kept safe—don’t put it all in at once. If the market goes out of control, you won’t even have a chance to turn things around.

Divide this 10W into three equal parts. Each time you open a position, use 30% of this principal; the initial position should only be 30%, with leverage strictly controlled within 10 times—more than that, and you don’t touch it! Leverage is a double-edged sword; greed will blow you up. Stability comes first.

Most of you are mainly short-term or intraday traders, so I’ll focus on practical intraday trading ideas:

When doing intraday trading, don’t just blindly place orders at the start. First, look at the weekly, daily, and 4-hour charts. Determine the overall direction for today. Remember one thing: prices always move toward the least resistance. Once the direction is set, then start trading!

Once the direction is confirmed, look at the 15-minute chart to find entry points. Here, I must wake everyone up: none of us can control or predict the market, nor can we influence the trend. The only things we can control are the entry position size, how much we lose before stopping out, and how much we can earn—everything depends on the market, and we don’t decide that!

Follow these two scenarios strictly:

First scenario: After entering the market, the price moves in the direction we predicted, and we make 500 points profit. At this point, don’t be greedy—immediately take half of the position profit. The remaining position should be set with a break-even stop-loss, letting the profit run freely. Take some profits off the table, and even if the market reverses, you won’t lose your principal. Keep a calm mindset!

Second scenario: After entering, the market moves against us and hits the stop-loss. What to do? Don’t hesitate or get angry. Be patient and wait for the next entry opportunity. But remember one iron rule: no more than three attempts! If you hit the stop-loss three times in a row today, immediately trigger a trading halt, and start a 1-3 day cooling-off period—no less than one day!

Why do this?

From a physics perspective, three consecutive losses probably mean your direction judgment was wrong; the market isn’t following your logic.

From a Dao and natural law perspective, it means you’re not destined to make money today—accept it and don’t force it.

From a psychological perspective, losing three times in a row can cause your mindset to explode. All your inner demons and fears come out, and trading becomes deformed. The next step is mindless adding to positions and revenge trading, which can lead to liquidation. This is the root cause of most big losses!

At this point, you must decisively cut it off and tell yourself: the market is still there tomorrow, the casino is still open. It’s not worth risking everything today. Save your principal and come back next time. Why rush?

The core of mindset: 80% of trading depends on mindset, 20% on technique.

Let me be honest: 80% of trading is about mindset. If your mindset is bad, all techniques and rules are useless. Technique only accounts for at most 20%!

Think about it carefully—how many times have you had a winning position, only to end up with a stop-loss and give back all your profits? It’s because your mindset collapsed and greed took over!

Here are two deeply ingrained mindset control methods—not about setting specific stop-loss or take-profit points, but fundamentally controlling your inner demons:

First, treat stop-loss as a form of giving. Think of the loss as returning money to the market, paying tuition or debt to the market. From a god’s-eye view, this loss becomes calm and peaceful. You won’t be entangled, emotional, or stubbornly hold on.

Second, don’t be greedy for profits. When you’re in profit, don’t be uncontent. Look down and think about the delivery guy climbing six floors just to earn one dollar. You easily earn hundreds of points—why not reduce your position or set a break-even stop-loss? What right do you have to be greedy? With this mindset, you’ll take profits and reduce positions without hesitation!

Always prioritize risk control, completely abandon the fantasy of overnight riches, and patiently enjoy the power of compound interest!

Let me do a simple calculation: with 100W principal, earning a steady 30% per month, compounded over a year, it can grow 24 times to 240W! Understand this, and you won’t rush to make double or ten times in a day. Those chasing overnight riches will end up with the market wiping everything out, leaving nothing behind.

What we want is not to make a certain amount in one day, but to earn steadily over the long term with compound interest. In this market, slow is fast, and stability is victory!