Many people disdainfully say that those who have experienced several cycles in the crypto space and made a lot of money are gamblers and just lucky. Let me share a truth: do not be jealous; those who gain significant wealth in the crypto space and sustain it are not lucky; do not be unconvinced.
I won't mention how many traps there were in ancient times; they were certainly much more thrilling than now. Just talking about now, those who have made a lot of money and hold a lot of money have certainly avoided all the following issues regarding their large positions:
1. Open contracts.
2. Bought a large amount of non-Bitcoin assets.
3. Put all coins in the exchange.
4. High-frequency trading, attempting to buy high and sell low.
Do not underestimate these four things; if you do not pay close attention to the crypto space, you will not understand. Those who can make big money in crypto must have paid close attention and have continuously traded in the crypto space—if they can adhere to the above four principles after making big money, it indicates they must have suffered significant losses in those areas. After recognizing these issues, they can still accumulate large funds in the crypto space without resorting to the above gambling methods. Is that not luck?
Most people in the crypto space have only 'once made money' because their ways of making money are limited to the above few points, so they naturally also lose due to these points. When someone realizes that the aforementioned points cannot lead to true wealth and cannot find other ways to get rich in the crypto space, that is where the problem lies.
Let me tell you, those who have truly made money in the crypto space and have managed to keep it long-term, apart from avoiding the traps above, must at least meet one of the following conditions:
1. Have a flagship product in the crypto space.
No matter how much understanding you have, you will step on the traps mentioned above, and the coins you should let go of, you will also let go. But the key is that you have a product that continuously makes money in the crypto space, which ensures that no matter how many traps you step into, since it earns coins, you will always recover the lost coins. As you gradually become smarter, you will stop stepping into those traps, and thus your coins will keep increasing—figures like CZ and Sun Ge have all stepped into those traps, but the key is that they had products helping them continuously earn coins back, whereas you did not, which is crucial.
2. Have the ability for continuous dollar-cost averaging.
If you do not have the ability to create products, then the easiest match for you is this one. Do not say, 'Bitcoin can't go up much anymore'; that is not a reason for you to gamble with large positions—when has Bitcoin ever run fast? In the past, Bitcoin was low, but that was compared to now. The Bitcoin of that time and the altcoins of that time both rose more slowly, and where are those altcoins now? Give yourself ten years to gradually invest the money you will earn in the next ten years, allowing the money you earn in these ten years to multiply by 5 or 10. This is the best way for ordinary people to enter the crypto space.
The premise here is to have a good locking mechanism—only in, not out; a good dollar-cost averaging environment—not just investing when you have money today and skipping when you don't, or heavily investing when you think it's low and avoiding investment when you think it's high; you also need to have excellent external capital input capability—your ability to make money enhances the benefits of the rules above.
Every premise above is essential. A person who can control the market from outside and then remain humble and obedient once inside is truly remarkable, and that money is what you deserve.
Once again, I have never seen a big player become a big player by trading coins, not a single one—trading coins does not make you a big player, leverage does not make you a big player, and there is no luck in the crypto space. Your understanding must be in place first for it to become your best tool for wealth, otherwise, you will end up being its slave.
1. Go with the flow, only trade based on the main trend!
For example: if the overall trend is bullish, then you should primarily focus on buying spot and going long on contracts. But what if the overall trend is bearish? Then focus on shorting contracts.
2. Buy on dips in an uptrend and sell on rallies in a downtrend.
3. Let profits grow substantially after making a profit, limiting losses to small amounts.
4. Always set protective stop-losses for positions to limit absolute losses.
5. Do not trade impulsively; have a planned strategy.
6. First, establish a battle plan, then execute it firmly.
7. Always control conventional positions to five layers.
8. Diversify your investments, but be careful not to over-diversify to the point of diminishing returns, so you must maintain a balance.
9. The risk-reward ratio must be at least 3:1 to proceed.
10. If you adopt a pyramid-style approach to increasing positions, then you must follow these principles: A) Each subsequent layer must be smaller than the previous layer; B) You can only add to profitable positions; C) You cannot increase investment in losing positions; D) Set protective stop-loss orders at the breakeven point.
11. After a significant loss, never increase your margin; do not gamble your entire fortune on a single trade.
12. To prevent yourself from being unable to control your hands and increasing the margin, you must cash out 75% of your funds and keep them in your bank account.
13. When closing profitable positions, you must first close those that are already in loss.
14. Those who trade short-term can monitor the market daily, but if you are not a short-term trader, try not to watch the market all day. Just take a glance once a day or every couple of days! When making decisions, you must think during the times you are not watching the market, and then make your decisions afterward.
15. When studying trend directions, you should begin with long-term research and then study short-term trends.
16. If you are going to make a trade, you must find the entry and exit points on the same day with utmost precision.
17. Try not to pay attention to so-called news from some media, as much of it is meant to deceive you.
18. The market is always about a few people making money from the majority. If you believe you are one of the few and have a holistic analysis of the market, it is very likely that your opinion differs from the vast majority, but you must believe in yourself.
19. Trading is a process of accumulating learning and practice over time, leading to experienced insights! Therefore, always maintain a humble attitude, continuously learn and explore, and do not indulge in it every day; just spend half an hour each day.
20. To truly learn techniques, you must learn comprehensively, but when ultimately establishing a trading system, it should be very simple.
These methods must be saved; read them multiple times to learn more about the crypto space. Having been through the rain, I am willing to shield the retail investors!
#巨鲸JamesWynn动态 #内容挖矿赢最高100%WCT返佣 #Strategy增持比特币
