It's tomorrow, so take a day off. Wish everyone a happy winter solstice!
There will be no update tomorrow, so I will just show you the internal training that just happened.
Today we won’t talk about the market, but about “me and investment”.
I just talk about six major points. I talk about whatever I think of. I never make a draft and just follow my thoughts.
First point: The currency I invested in may also return to zero
The market is so big that there are delisted currencies every day. In this large speculative market, zeroing is the norm. It is the most normal thing and there is nothing to be surprised about! Just like Luna in May 2022, it was one of the top five currencies by market value, but it finally went to zero. That zeroing directly pushed the currency circle into a deep bear market. Countless people’s U vanished overnight, and the entire currency circle was in a slump. But fortunately, we have nothing to do with the luna zeroing that time. On the contrary, we still ate the meat of luna and retained our vitality. This is also the key to everyone being able to turn over on sol in 2023 and to the huge accumulation of funds in the current account.
There will always be unexpected things happening in the market, so the currency I invested in may also return to zero, there is a risk of returning to zero!
But what I have to do is to reduce the probability of this happening, try my best not to touch such coins, or be able to get everyone out in time when the danger comes.
It is inevitable that the assets will return to zero or be delisted. In the past, I have invested in many small exchanges that have been delisted. All my account data for the Dogecoin I invested in was wiped out. I have encountered many such things, such as 50,000 turning into 3,000. The more I invest, the more such things will happen. It is inevitable.
But if there are 7-8 high-quality stocks out of 10 stocks, then you are very strong. Even if you pull the ancient saints over, they still cannot achieve perfection and ultimate. But I also hope that if there are 2-3 individual currencies that are bad, you will not be bothered by them. What is more important for you is to see the overall yield curve of your overall account, and don’t always think about negative things!
Few people have ever come across venture capital thinking! If you invest in ten projects, and six of them have good returns and four fail, then you may end up with a tie. If you invest in 20 projects, even if the first 19 projects fail, as long as the 20th one is Google, you will still make a lot of money. Will you still be upset about the failure of the first 19 projects? If so, I suggest you quit the circle. If you can't accomplish anything great, just be mediocre!
So people must have a limit! The overall situation, don’t talk nonsense to me, teacher, I have a narrow vision!
Let’s move on to the second point!
Second point: Why I don’t mention what the point is
What I have to do is to select 5 coins, 3-4 of which are strong, which is very good, and it is very amazing! But if I mention a certain coin as the focus, it will be too difficult for me, and even more difficult for our entire team! If I say that a certain coin is the focus, it is okay if one person suppresses this coin, and everyone goes all in, then can this coin still be good? Just like the ID in the past, we sold it and it immediately took off 75%. From another perspective, if you are a dealer's trader, and there are a lot of chips piled up near a price, will you pull it up?
A gentleman makes money in a proper way. It is enough to make money from a few currencies. It is too cruel to fleece one currency among a group of people. You can't just focus on one sheep!
Which currency to invest in depends on your own financial situation. Invest in an appropriate amount, don't go all in. You need to have a fund management system, and after you have invested, don't shout about it everywhere, talking to this and that!
What creed did Lü Buwei rely on to make his fortune? Of course, it was the value of rare goods! In terms of military strategy, use the right way to rule the unity, and use the surprise to win!
……*******……
Therefore, everyone should know how to judge people, and more importantly, they should be good at themselves. This is what is said in the Tao Te Ching: "He who knows others is wise; he who knows himself is enlightened."
But what I said, you just need to know it in your heart, don't mention it anywhere, don't bring hatred to me! Just kidding.
This is how society is: there are two kinds of people, one is a wolf and the other is a sheep. What is strange is that wolves always want to pretend to be sheep, while sheep always want to pretend to be wolves! If you want to do business and attract investment, you need to show off. Even if you have no money, you have to drive a luxury car so that others will want to invest in you. If you already have it, why do you still show off every day? If you show off again, you may be robbed or even become a disaster.
This is also in line with Chinese wisdom, hiding wealth and crying poor.
I've talked too much, let's get back to the topic!
The third point: I am also a person with the magic of adventure, and I also like adventure!
Just like the * that I bought a few days ago, why do I have to intervene * after the big exit? This involves a risk. My thinking logic is very strong, and I also use what I said before as an explanation for this point!
It involves a question of potential,
I still want to mention that everyone should buy in moderation and don’t buy too much. Otherwise, we’ll all be finished!
The day was approaching when the carp would cross the dragon gate line, which would be the key for the carp to draw the dragon again.
If it takes off during the wash, it can go up 1.5-2 times at will. This is part of the reason why we intervened at that time, just to step on a better point! So we have to intervene in 2-3 times. It is a bit impulsive to go all in at once. Wait for a breakthrough and then go all in. Now stepping on a point first is very good!
I don’t want to explain more. Those who lose money in the market deserve to lose money, because they have no principles and just do things blindly. It would be unfair if they didn’t lose money!
The fourth point: Everyone needs to learn a skill, - Contract
Knowing how to play with contracts does not mean that you want everyone to gamble, nor does it mean that you want everyone to get addicted to this "smoking addiction", because when the bear market comes, if you are still there and have a good position, you must mainly open short positions, which is no different from buying and selling spot goods, and only requires -1 times, but this thing is risky, -1 times, and the price will rise by 1 times and you will also be liquidated directly. In comparison, the profit is not as lucrative as going long. The price can rise by 10 times...20 times; but the maximum decline is 99.99%, which is infinitely close to 1. You can only make twice the profit at most by opening a -1 times short contract!
But when the real bear market comes, this skill is still necessary! As for position management and operation mode, we will talk about it when the time comes, not now!
Fifth point: People should be more pure
Even if I know that some currencies will fall, I still won’t sell them. Many people may think that you are so stupid! In fact, how many smart people make money in trading? The original intention is very important to a person. It is easy to lose the original intention when walking in the market. Often, the original intention is the right one!
Point 6: Sometimes we need to learn to understand people
No one can sell at the highest point and buy at the lowest point! It is enough to eat the belly of the fish. People only make money within their own cognition. Don't always think about making money beyond cognition. Beyond cognition is like buying lottery tickets. The discrimination you hope for is the probability of your maximum loss. Don't always believe in those illusory things. Learn to keep the profits for yourself and leave the risks to others!
Sometimes, when you sell, the price goes up again, and you feel very uncomfortable when you miss out; when you don’t sell, the price goes down, and you feel very uncomfortable again; in fact, what do these things have to do with you? If you sell, you sell; if you don’t sell, you don’t sell. A successful businessman must learn to only count his own accounts, not other people’s accounts, and just make a profit!
It's like watching others make 20,000 yuan, while you only make 2,000 yuan. You made a mistake, and you feel regret, shame, and remorse. Just because of a mistake, you only made less money. What can you gain? It's good to change it, but what's the point? How many Han Xins are there in the world? Napoleon's life record is still not a defeat at Waterloo! You must have a big mentality, dare to gain and dare to lose; dare to lose and dare to gain! Gaining virtue is character. Good character, more virtue, more gain!
That's it, a full hour!
