The first piece of advice
The cryptocurrency market has completed its phase of wild explosion, and the next phase is the formal financialization stage, where capital institutions compete.
Stop dreaming about holding a coin and making dozens or hundreds of times your investment; given the current market sentiment, coins that can multiply a hundred times are extremely rare.
Even if a real bull market comes, there won't be many coins that can multiply over 50 times.
The second piece of advice
Investing in the primary market does indeed offer small investments with high returns, but those who recommend you to play in the primary market won't tell you that 99% of projects will end up at zero.
Even if you just enter some small exchanges, when certain KOLs are dumping their chips, they will likely tell you to hold tight, as they are already one step ahead.
The third piece of advice
Trading contracts with full leverage can earn a lot of money, but it can also lead to significant losses.
I think no one will tell you that the essence of trading lies in rolling over positions, rather than how much profit you made on a single trade.
The fourth piece of advice
Generally, when someone is frantically promoting a certain coin, it's basically nearing the end.
At this time, if you already hold this coin, you might consider exiting.
If you do not hold this coin, it's best not to enter the market at this time, as there is a 90% chance you are just picking up the leftovers.
The fifth piece of advice
If you are a university student, prioritize your studies and treat trading as a secondary activity. If you are a young person under 25, focus on self-improvement, with trading as a supplement. If you are under 30, prioritize finding a stable income first, with trading as a supplement.
Trading is a hard battle, not something that can be achieved overnight. At the same time, trading is a time-consuming journey. Even exceptionally talented traders need to keep working for five years to achieve financial freedom. Having a strong ability to earn off-exchange and a platform that can provide ongoing funding plays a crucial role in achieving success efficiently.
The sixth piece of advice
Fortune does not enter a home without virtue, and wealth does not come through urgent means.
Under what circumstances does water nourish all things? Is it not when water is still that it is suitable for nurturing all?
So, when you gain profits from trading, do not be overly arrogant; when you incur losses, do not overly blame yourself. You must understand the principle that 'profits and losses originate from the same source.' Regardless of whether you are in profit or loss, always reflect on yourself and ask why this trade was profitable and why this one incurred losses. Remember, young one, a person with emotional volatility cannot succeed in trading.
The seventh piece of advice
People won’t easily share how to make money; if someone tells you how much you can earn by investing in this coin, you need to be careful, as they might just want to fleece you.
The eighth piece of advice
Don't trust those who share their trading profits too much; they may have only made a profit on one position, while in reality, many are at a loss. They likely share this to gain your recognition and ultimately aim to profit from you.
The ninth piece of advice
Those who trade contracts ultimately end up at zero, with an accuracy rate of 99%. Don’t doubt it, because human desire is limitless, and very few can truly overcome their gambling nature and trade rationally.
Trade a hundred times, lose control once, and all previous profits plus principal will vanish into thin air.
The tenth piece of advice
To do well in trading, you should have your own insights rather than just following others' opinions. It's like a blogger sharing their profit-making experiences; they can profit from that theory, but when you hold that same theory and incur losses, it's mostly due to your own factors. Just like studying (Wang Yangming's Neo-Confucianism), having read the material doesn't mean you can achieve the same 'unity of knowledge and action' as Wang Yangming.
Therefore, discovering your own profitable theory is the golden key to stable earnings; treat others' experiences as fertilizer, a reference standard for building your own theory.
The eleventh piece of advice
Engage with more veterans in the crypto space, even if they are long-time traders who still incur losses. By spending time with them, you can discover the reasons behind your own losses and timely avoid some of their pitfalls. Trade oppositely to them and you might find that, hey, making money is that simple.
