10 years in cryptocurrency trading, 4 years of hardship to understand the truth: simple repetition, ultimate enlightenment
1. The original intention of entering the crypto world: the dream of getting rich and the gap with reality
As the old saying goes: "No one becomes rich without unexpected fortune, and no horse grows fat without night grass." Many people enter the crypto world with the aim of "getting rich overnight," but end up doubting life due to incorrect methods, not only failing to make money but also losing it. Thus, some people start to learn madly, reading books, searching for information, and seeking mentors to learn the craft.
But those who can truly make money are only two types of people:
1. Visionary individuals who can see the future trends (like those who hoarded BTC and ETH early on)
2. Insightful individuals who can seize the current opportunities (like those who accurately buy the dip and sell at the peak, and play with hot topics)
But the harsh reality is: no one is born to trade; all experts have learned through losses.
2. The truth about making money in the crypto world: there are no shortcuts, only accumulation
Many people always want to find a "one trick" method to make money, but those who can achieve stable profits in the crypto world have gone through:
Six months learning technical skills (K-lines, indicators, trend analysis)
One year practicing execution (strict stop-loss, no FOMO, no holding onto losing trades)
One and a half years cultivating mindset (overcoming greed and fear, accepting volatility in profits and losses)
Most importantly: during a bottleneck period, you must achieve "minimal losses"!
If you can control your drawdown and survive the bear market, when the bull market arrives, wealth will naturally explode.
If you always want to "go all in," the market will eventually teach you a lesson.
3. A 10-year summary of blood and tears: 3 golden rules of cryptocurrency trading
It is recommended to save and read repeatedly
1. Trend is king; do not trade against the trend
Do not short in a bull market, do not long in a bear market.
Once a trend is formed, it will not easily reverse; do not be clever and try to "buy the dip and sell the peak."
2. Position management determines life and death
Never go all in; your position in a single coin should not exceed 20%.
Gradually withdraw profits and recover your principal first.
3. Stop-loss is the first rule of survival
You must stop-loss at a 10% loss; do not fantasize that "it will definitely rebound."
The result of holding onto losing trades is often going to zero.
If you can understand these 3 rules and strictly follow them, making a million a year is not difficult.
The market never lacks opportunities; what it lacks is patience and discipline.
Follow the master! Find a good guide and achieve a rich life as soon as possible.
