I recently finished a full restructuring of my entire trading system. From now on, for spot trading, I’ll only trade BTC (Bitcoin)—and I’ll also trade BTC futures. For altcoins, I’ll only trade futures, not spot.

The restructuring of the trading system is also something that happened in the flow of events. At the very beginning, when I entered the market, I only knew how to trade spot. Some crypto friends who entered the圈 right away also trade futures. There was once someone who told me that they only trade futures and won’t trade spot—this is a kind of different approach.

In spot trading, people basically go all-in, hold on tight, and buy a bunch of altcoins. Later I learned futures. On Ethereum, I got liquidated for millions. After that, I never touched futures again—I stayed honest and traded spot. Then, after getting beaten up by the market and realizing that buying BTC is the real rule, I started buying fewer altcoins. Later, BTB Research trainee roy kept urging me to trade futures—only BTC. That’s when I considered trading futures again. I lost 1.5 wu specifically for practice, and came to the conclusion that only trading BTC futures can produce stable profits.

Recently, since I’ve been trapped in altcoins, I’ve been thinking. With altcoin spot, people always want to average down—yet the logic that “if you don’t sell spot, you won’t lose” doesn’t hold for me. An unrealized loss is still a loss. Many coins don’t bounce back, and some don’t even have a bottom. If you don’t cut losses, you lose even more. And since I’m not going to hold altcoins long-term anyway, I’ll just open positions in futures based on the situation. Once I open a futures position, I will cut losses. Opening 1x leverage is basically the same as spot.

What people expect most from spot is the illusion that we always feel it will rise back and there is hope. After going deep into trading, I understood this: speculation is just about making money. Make your bet and leave—you can’t put your hopes on the market makers. You have to keep control of the initiative in your own hands. When we’re trapped, expecting the market makers to pull us up—that isn’t that just handing your fate to someone else? I’d rather cut my own position than hand over the initiative to them.

I don’t recommend that fellow crypto friends follow me like this, because everyone doesn’t have the same deep understanding that I do.

The right progression in trading is: BTC spot, altcoin spot, BTC futures, altcoin futures. The difficulty of futures is at least 10 times that of spot. To make it easier to visualize: the difficulty coefficient for BTC spot is 1. For altcoin spot, it’s 2-5. For BTC futures, it’s 10. For altcoin futures, it’s 100. The higher the difficulty coefficient, the faster you can make money—but if your ability doesn’t match, you’ll also lose money faster.

Yesterday, when I chatted with the students again, in June I finally managed to recover the losses from shorting BTC at 760-830 and the losses from longing at 830-591. It took me a month, and I ended up with a slight profit. Actually, at that time, after my 7758 short was stopped out and hit, if I continued by opening another short, that trade would have recovered the losses from 760-830. But I missed it—just like after 57800 when I knew it was about to start; not getting on the train is the same kind of situation.
$BTC ‌