A Wake-Up Call for Beginners: If You Don't Meet These Two Conditions, Don't Easily Enter the Crypto World!
For those eager to join the crypto world, hold on! This industry isn't for everyone. Today, let's talk about who is suitable and what conditions must be met.
Many people initially think that personality determines success, believing that those who are impulsive and impatient are not suited for it, while those who are calm and steady are the 'chosen traders'. But those who have truly experienced trading know that personality traits don't matter much in front of the market. No matter your original temperament, once you enter the market, you will be repeatedly 'manipulated' by its emotions. During the novice stage, no one can rely solely on their personality; everyone has to go through a long process of refinement before becoming 'calm as still water'.
Compared to personality, I believe there are two hard conditions that have a greater impact on traders.
First is time. From being a complete novice to achieving stable profits, it takes at least over a year. During this year, you have to constantly monitor the market, experiment, and summarize experiences. But how many people really have that much time? Some office workers, after a busy day, still want to utilize their spare time to learn trading and aspire to become full-time traders, which is basically unrealistic. After all, this industry is highly competitive, and it's too difficult to become part of that 10% of winners relying on spare time. Relatively speaking, students, graduate students, those working from home, freelancers, and housewives have more flexible time, giving them an advantage.
Second is financial situation. If you are under significant financial pressure, I sincerely do not recommend entering this field. Too much pressure can easily lead to a breakdown, making it impossible to calmly learn from the market. Those who are eager to make money and wish to get rich overnight should know that trading is not a good choice; it could lead you deeper into trouble. On the contrary, if you do not have an urgent need for money at the moment, you can explore the trading path more steadily.
Although conditions are important, people are adaptable; if we lack conditions, we can create them. Cut back on expenses, find a more flexible work-from-home job, and create a learning environment for yourself. As long as you persist in your efforts, you will find that all your sacrifices are worth it when the rewards come!