Why do retail investors always lose money in the crypto space, and why are profitable ones so few?
Losing money is normal; those who make money are inherently a minority.
Trading is counterintuitive; following intuition leads to losses.
Mediocrity is destiny, while financial freedom is a path against the odds—on this path, failure is normal, but success is not.
So it's normal to lose money in crypto trading; making money is what’s abnormal. This is not the simplest, but is a cognitive issue that countless crypto enthusiasts overlook.
In trading, one should be excited about good odds, good expectations, and decent risk management when prices are falling.
When prices rise, one should be even more excited about good sentiment, a good market, and decent position management.
After all, the magnitude of volatility equals the amount of opportunity, determining whether your time and wallet are worth the investment.
The feeling of trading events is merely about experience, not technical analysis; it doesn't require a high ability to read charts, just a bit of moving average to help you exit.
It's like walking and feeling a drop of something fall on your head; your first instinct is that it’s raining.
But it could be bird droppings, hail, snowflakes, spittle from someone talking nearby, or water thrown by a neighbor upstairs.
You need to combine everything you can see, your experience, your position at the moment, the weather, temperature, humidity, and your comprehensive feelings about such situations to draw a conclusion.
However, it's not recommended to consume it. It might really be bird droppings.
If you want to make a profit in this market, you must have a good strategy. If you also want to benefit from such market conditions, learning on the spot will definitely be too late; it’s best if someone can help you get started quickly. Follow me, and I’m willing to share my strategies and insights with you.