My Journey in Cryptocurrency Trading (Five Stages of Trading Growth)
1. [Entering the Cryptocurrency World]
When I first entered the cryptocurrency world, like everyone else, I bought whichever coin looked good to me, relying on luck. I don’t know if it was good luck or if new users have a grace period, but in the first six months, my assets grew by more than ten times. At this point, I became overconfident!
However, it turns out that when a person is too proud, it may be the time to stumble, and reality will mercilessly slap you in the face. When my assets were halved in a single order, I realized that the trading market is ruthless, and good luck will not always favor you!
2. [Learning the Techniques]
After my biggest trading failure, I realized that relying solely on luck is not a long-term solution; Lady Luck will not always favor you.
At this point, I realized that trading requires solid professional knowledge and analytical skills, so I began to reflect and learn. I read related books, became active on various information platforms, sought opportunities and trading perspectives, and combined them with technical indicators to build my own trading system.
If you are just entering the cryptocurrency world and are favored by Lady Luck, this is your best learning opportunity! During the grace period for beginners, learn more techniques to improve your analytical skills.
But when I felt that I had learned enough about the technique, my assets did not experience explosive growth. However, I no longer suffered significant losses and had the ability to combat risks. Although trading techniques are not always effective, they have given me a deeper understanding of the market, and at this point, I began to seek the true essence of trading.
3. [Enlightenment of the Dao]
When I realized that different trading indicators and systems are not the key factors determining gains and losses, I began to focus more on the psychology of trading. I found that many times, profits often depend on decisiveness and patience, rather than rushing into trades and frequent orders. This actually resonates with the psychology at the beginning of entering the cryptocurrency world.
At this point, I know that predicting the market is incredibly difficult, so we need to become an independent trading system that follows our own trading logic. Gradually learn position management and leverage allocation, calculating returns on a monthly basis, no longer fixating on the gains and losses of single trades.
4. [Gradual Stability]
When you have a clear trading logic and a complete trading system, under the premise of following the above principles, clearly accept losses and profits. Achieve overall small losses and large gains, becoming a stable trader and investor. At this point, you will gain the recognition and respect of others, becoming a ‘teacher’ in the eyes of others.
5. [Mastering the Skills]
When trading reaches a level of mastery, handling indicators and market conditions flows smoothly. Profits and losses become a matter of course, and emotions gradually stabilize. With intuitive ability, trading no longer feels exciting; instead, the goal is to achieve continuous profits. At this moment, I gradually take on the semblance of a trader, possessing patience, perseverance, and trading wisdom that surpass most people.
The road of trading requires continuous learning and progress, from entering the cryptocurrency world to mastering the skills; only by constantly refining one’s trading system and understanding the way of trading can one achieve stable profits in the market. No one can trade without incurring losses, but being able to incur small losses while making large profits is our learning goal.
