In this circle, maintaining rationality and caution is the key to success. Looking back over the past year, starting from early 2020, I devoted myself fully to trading. After five years of effort, my assets grew from 2,000 USD to over 10 million USD. This is not because I pursued high-risk speculative behavior, but because I established an effective profit system and continuously optimized my strategies and techniques.
It is worth noting that this process is not achieved overnight. The first million is the most challenging, as it takes time to build and test trading systems, which took about a year and a half. But with the accumulation of experience and the improvement of the system, the subsequent growth of funds accelerated significantly. The second million took three months, the third just over a month, and the fourth million only took five days. In fact, 75% of the profits were realized within six months.
For those who hope to achieve high returns through contract trading, reality often falls short of expectations. Most participants in contract trading ultimately incur losses, as this trading method resembles gambling, relying on probabilities rather than skills or analysis. Some so-called 'experts' may profit by leading beginners in contract trading, but this often comes at the expense of the beginners' interests.
If you are currently in a state of loss and hope to recover through contract trading, you may need to reconsider your strategy. The risks of contract trading are extremely high, and only a very small number of people can profit from it. Instead of risking an attempt, it is better to focus on investments in the spot market, especially when you still have enough principal, as the possibility of recovering losses will be greater. The key lies in choosing the right timing for buying and selling and being disciplined, remaining calm in the face of market fluctuations, and avoiding emotional decision-making.
Overall, successful investors understand how to manage risk and are not swayed by short-term market fluctuations. They know when to hold on and when to exit decisively. The real challenge lies in whether one can adhere to the principle of not easily re-entering the market after achieving a certain profit, as this ensures long-term success. Remember, investing is a marathon, not a sprint.
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