The third episode of Yichuang Times' "Tonight Without Defense": Qi Shao, co-founder of Beichen College - "Today's contract introduction, tomorrow's contract master"

On July 10, the online interview column "Tonight Unguarded" hosted by Yichuang Times was launched for the first time. The guest of the third episode was Qi Shao, the co-founder of Beichen College. The theme of the interview was "Introduction to Contracts Today, Contract Master Tomorrow".

The following is the content of this issue (abridged version)

Super Fairy Q 1: There are so many contract exchanges in the market, how do you choose a suitable contract platform? And what are the criteria for ordinary users to choose a platform?

Qi Shao: Hello everyone, first of all, let me introduce myself. I am Qi Shao, the dean of Beichen College, and also the co-founder of Beichen College and the co-founder of the contract tool Anypay. As early as 2013, I was fortunate to come into contact with BTC as a hacker, and since then I have had an indissoluble bond with Bitcoin. Later, I studied for a master's degree in finance at Renmin University of China. At that time, the actual return of BTC was as high as 210 times. As a graduate of a professional school, I can proudly share with you that I am relatively professional in the field of finance, and I am also willing to share some of my experience and what I have learned with you on this platform of our Art Creation Times today. Super Fairy said that there are many contract exchanges at present. How do we choose a good contract trading platform? I personally attach great importance to three points:

Choose a good exchange

1. Compliance

2. Security

3. Easy to use

I think when we look at a good exchange, we must pay attention to the first point, whether it is compliant; the second point, it must be very safe to ensure the safety of our funds. We cannot be prevented from withdrawing money or other bad things will happen if we make a profit or something else happens; the third point, I think, is that it must be suitable and easy to use, just like the feeling of being in love. A good one may not necessarily be suitable for you. What is most important is that you feel it is easy to use.

For novice players, we can choose some simple versions of contracts; for experienced players, we can choose some professional versions of contracts. I believe that there are many simplified versions of contracts on the market and many of you have come into contact with them. They are very simple, with unlimited depth, and can be opened and approved in seconds. They are especially suitable for novice players who do not understand the process of matching transactions very well, and when we entrust buying and selling to the same process, we are particularly suitable to choose some simple versions of contracts. For those professional players, including some of our trader-level players, it is recommended to choose some professional versions of contracts, which are safer and have better depth. Although the operation process will be more complicated, the effect and overall experience are much stronger than the simple version of the contract.

Super Fairy Q2 : The current market is unstable, and many users have left the contract circle due to their positions being liquidated. Contracts are not as popular as they were during the epidemic. What do you think about the future development of contracts?

Qi Shao: Regarding this question, first of all, I would like to share a picture with you. Why was our entire contract market so hot during the epidemic? We will find that the trend of Bitcoin at that time was between 10,000 and 9,000. It was about to face the third production cut. At that time, there was a big drop on March 13, breaking through 3,800. I remember that day very clearly at 7 o'clock. Everyone still remembers it vividly. I wonder if everyone made money or lost money? I should have made nearly 100 times more at that time.

After that crash, BTC miraculously made a V-shaped reversal. At that time, I was also bullish all the way from 3,800 points to 9,600 points to 9,800 points. Later, our Bitcoin went through a very long range of fluctuations around 9,000 points to 10,000 points.

This is a very good thing. We will find that the entire financial market of the cryptocurrency circle, which we call the new financial market, will gradually move towards a more mature and stable market. What characteristics will we find in the range of 9,000 to 10,000 points? We will find that in this range, our technical indicators and fundamentals are becoming more and more accurate and solid, which makes me feel very gratified.

It demonstrates a very clear financial principle. After a market becomes highly emotional, it gradually returns to rationality and to an exploration of value. At this stage, we will find that technical indicators are becoming more and more useful. People who truly understand this market and know this market will begin to be able to make stable profits. We will find that under this market situation, contracts have become a tool, and a financial tool that allows us to make money.

Super Fairy Q3 : There are so many contract communities and contract analysts in the market. How does your Beichen Academy maintain this growing trend?

Qi Shao: After the previous merger, Beichen’s community now has a very large number of users. This serves as a foundation for the continuous expansion of Beichen College’s incremental market.

I have a say in this because I have watched Beichen College from its founding to now. The earliest were Qi Chuang College and Tianyin Community. At that time, the users and fans of the two communities were already very large. After the merger, we formed a strong alliance and established the current Beichen College. In this process, we found that our brand, our technology, our analyst team, and our trader team are all getting stronger and stronger.

The analysts at Beichen College are also top-notch in the industry. I myself am a master of finance from Renmin University. Our analysts are all from professional schools, and some of them are taught by top figures in traditional industries. It must be mentioned that the founding purpose of Beichen College is that Beichen College will always stand with our users, so that our users can learn knowledge through our professional knowledge, and even teach and help others solve their doubts. This will be a process of teaching people how to fish.

Super Fairy Q4 : Let me ask a question that everyone wants to know. I believe everyone knows that Qi Shao’s contract analysis accuracy is as high as over 95%. Can you reveal some simple and easy-to-understand analysis techniques to our audience who are watching the live broadcast?

Qi Shao: Speaking of this, I will show you my secret tactics. The three core capabilities for long-term survival in the contract market are:

1. The first point is to know yourself and your enemy.

Let's talk about the first point, knowing yourself and knowing your enemy. If you have listened to my three core abilities, you should slowly comprehend them. I believe that everyone can also gain 210 times the results through their own learning and practice. Speaking of the first point of knowing yourself and knowing your enemy, this is very critical. Just like a great trader named Jesse Livermore, who wrote the Memoirs of a Great Trader, he once said a very famous saying. The great trader Jesse Livermore said that only if we understand the market can we outperform the market. I hope this sentence can be shared with everyone. So at the first point, before we contact this market, we have to understand the currency circle, to find the underlying architecture and underlying principles of projects such as BCH, Ethereum, and Bitcoin, as well as its mission, and what is the value and vision of these currencies. If we dig this out, we can understand the underlying fundamental logic of its rise and fall.

2. The second point is to return to the essence.

We need to understand the essence of blockchain contracts, which are new financial derivatives with leverage. Therefore, we must understand the trading discipline, position management, mentality management, and stop-profit and stop-loss in the process of operation. They are all required courses for new financial products; the key is to return to the essence. We need to understand this market and know that our contract belongs to a kind of leveraged finance. When operating this leverage, we must strictly abide by some of our trading disciplines, especially some of our stop-profit and stop-loss. I once found a very interesting phenomenon, which can also be said to be a more tragic phenomenon. I have a student who charged 10,000 U on the first day and found that the money in this account was gone the next day. What happened? I looked at his delivery order and found that he opened a 150-fold full position. He went to sleep after opening it. When he got up, it was gone. And it should fluctuate for less than an hour. I think it is really a pity. I think this phenomenon should not appear in our experienced players or those who want to learn. A very important point is the management of the mentality. In fact, I find that everyone often does not do well in this regard, especially when we are in the process of trading, we must pay attention to doing some anti-human operations. We must strictly follow the stop loss point when we reach the stop loss point, and stop profit immediately when we reach the take profit point. This series is a compulsory course for a new financial product.

3. The third point is to go with the flow.

It is often said that only by following the trend can change be brought about. This is especially obvious in Bitcoin and in the currency circle. Once the sentiment explodes and a wave of rise occurs, we must follow it when it should rise and break through. We should try not to go against the trend, because the financial market is very ruthless. It does not recognize the amount of funds. It only recognizes a point called percentage. So I think it is very, very critical to follow the trend.

Super Fairy Q5 : The last question, could you please introduce Beichen College to us?

Qi Shao: Beichen College was established on June 16, 2020, with investment from Xinzesheng Group. Beichen College wholly acquired Qi Chuang College and Tianyi Contract Research Institute. It focuses on the education and training of secondary market trading techniques and trading mentality in the financial field, as well as the training and delivery of professional talents.

As everyone knows, Beichen Academy is a business school that focuses on cultivating the trading mentality and trading techniques in the secondary market. In fact, when I first established Beichen Academy, I saw that many of my apprentices and students had learned some painful lessons that shouldn’t have happened, lost some money that shouldn’t have happened, and didn’t understand the market at all. I was thinking whether I could use an academy or a business school to summarize the knowledge I had learned, including the knowledge and techniques of some of our more powerful players, into rules and share them with everyone.

At Beichen Academy, we have many strategies and trading concepts as well as our signal indicators to help you understand this market. Through our signal indicators and strategies, you can quickly make profits in this market. This is what we at Beichen Academy want to do.

During the long march of thousands of miles, the only guide is the North Star.

Beichen College, a moment of time can travel thousands of miles.

Super Fairy: Thank you very much to this issue’s guest speaker Qi Shao. This issue of "Tonight Unguarded" online AMA interview event has come to a successful conclusion. Thank you to all friends and media partners for their strong support!