According to statistics, during the last bull market, 190 million retail investors made a total of 6.7 billion. You might say, 6.7 billion is not a small amount; if I can get a small piece of it, I could even marry a freshly graduated college student! But don't be too happy too early; retail investors are divided into big and small. The big investors with accounts over 500,000 made a total of 254 billion, while the small investors with accounts below 500,000 lost a total of 250 billion. Do you see the problem? Stock trading itself does not create wealth; it is merely a process of wealth redistribution.

And the bull market only plays the role of mixing the liquor.

What does this mean? Liquor gives courage to the timid!

It turns out you never touched trading before, and after drinking this bottle, you directly got high, daring to invest half of your savings into the trading market; this is liquor giving courage to the timid.

It turns out you've always been lightly invested, and after drinking this bottle, you directly got high, daring to sell your house, sell your car, and put all in; this is liquor giving courage to the timid.

But after sobering up, you'll still sell low and buy high, still chase highs and cut losses. The reason the ugly duckling can turn into a swan is that it was originally a swan; others can make money in the market because they know where to buy low and sell high regardless of the market conditions. It's just that you happen to see them making money in a bull market. And you! Even if you are placed in a bull market, it will still be difficult for you to make money. Don't be unconvinced! Let me give you an example; see if this isn't your own experience.

If I tell Zhang San that the PDD he holds can rise from 2 dollars to 1000 dollars, and that it really can rise to 1000 dollars in the future, all he needs to do is hold on firmly and sell in time when it reaches 1000 dollars to achieve financial freedom.

Now the question is, when it rises to 4 dollars, do you think Zhang San will sell? Of course, he will, because Zhang San is afraid; he thinks, I'm just a nobody, how can my words be trusted? 4 dollars might be the peak of this bull market in Zhang San’s eyes, and if he doesn't sell now, he might get trapped! So Zhang San sells PDD at 4 dollars, cashing out at double, then buys his wife a big gold bracelet and gets his daughter a brand new Apple phone.

But the market did not move according to Zhang San's expectations. After Zhang San cleared his position, PDD not only didn't drop but instead rose, reaching 10 dollars, then 100 dollars, then 1000 dollars! At this point, will Zhang San buy back? Of course, he will, and he will buy even more! Because Zhang San is greedy; since he could make money the first time, he believes he can make money the second time as well. And this is a bull market! Not to mention that Wang next door and Xiao Li from the company are also making money!

But the market did not move according to Zhang San's expectations. After buying back, PDD fell again and again, from 1000 dollars to 100 dollars. Do you think Zhang San will cut losses and decisively leave at this point? Of course not! Because Zhang San is both fearful and greedy, afraid that his wife will know he lost all his daughter's tutoring fees, yet he continues to dream about the poetry and the far future, so Zhang San becomes even bolder, secretly mortgaging his house behind his wife's back and frantically averaging down.

This time Zhang San was wrong again; the market still did not move according to his expectations. The PDD he held plummeted from 100 dollars to 50 dollars, then to 30 dollars, and finally to 10 dollars.

So do you understand why Zhang San sells low and buys high? Is the market targeting Zhang San? Is the market not going according to his expectations? The truth is that this piece of cake in trading is not meant for small retail investors like Zhang San who know nothing. Let me emphasize again: trading itself does not create wealth; it is merely a process of wealth redistribution. So who can small investors like Zhang San earn money from? And who can earn money from small investors like Zhang San?

For example, it's like grabbing a stool; the rule is simple: when the music stops, whoever can grab one of the two stools on stage is the final winner. It sounds simple, but when you confidently step up, having thoroughly mastered the rules, you are shocked to find that your opponents are 1.88 meters tall and weigh 107 kilograms, like Schwarzenegger and several other strong men around 1.80 meters.

Think about whether trading is like this; although the rule for making money is to buy low and sell high, the ones watching the market closely are the big players, institutions, and retail traders, and tens of trillions of retail investors like you.

So you might ask, why do we still trade cryptocurrencies? Why do we still engage in trading? According to what you say, isn't that hopeless?

No!

Although it's difficult for you to earn money from institutions and retail traders, can you earn money from other retail traders?

Although you can't outgrab Schwarzenegger, can you grab the stools from the other few people?

When you encounter danger in the forest and worry about being eaten by a bear, even though you can't outrun the black bear, can you run faster than your companions?

......

Big fish eat small fish; small fish can't just wait to be eaten! They have to find a rock crevice to hide, eat some shrimp, eat some seaweed.

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