In the crypto world, achieving true financial freedom and compounding wealth is crucial, along with methods, techniques, and forming your own profit system!
Once you learn to master it, the crypto world will be like your "ATM", making money as easy as breathing!
After more than 8 years of trading cryptocurrencies, my wealth journey can be summarized as follows:
The first ten million took the longest and was the most painful, with the trading system constantly being reshaped and refined, taking a year and a half.
The second ten million took three months.
The third ten million only took 40 days.
The fourth ten million took just 5 days.
75% of the funds were earned in just half a year.
Let's first talk about those who made money:
First of all, they are definitely not contract players. None of the contract players I know are making money, even if they made money at some stage, the final result is still losing everything. The essence of contracts is actually gambling, making money through probability, and of course, this is slightly better than betting on high or low probabilities, but it's fundamentally similar. Those who profit from contracts are usually the ones leading contract communities; they have long realized that contracts cannot make money, so they go and create contract leading communities, where seasoned players cut off new players.
A piece of advice for those who want to recover losses or make money through contracts: So many losing people stay in the crypto world just to recover their losses, but there is a harsh reality that most people cannot recover their losses, nor can they make money, especially those hoping to recover losses through contracts. It's a pipe dream. Those who make money from contracts are extremely rare. Don't fantasize about why you wouldn't be that person. Honestly, if you think you can recover losses through contracts, you're really not cut out for it. No matter how much you lose, it won’t change; even if you go bankrupt, you cannot recover through contracts. Therefore, I advise those who want to recover losses through contracts to quit contracts, in other words, quit gambling.
What should spot traders do if they lose money?
First, if the losses are not significant, and your principal is still relatively large, meaning your principal and losses are about equal, then recovering losses is relatively simple and easy, or rather, if you need to multiply your investment by less than five times to recover, it is possible. But the most important point is the entry and exit points. If you are stuck at a high position, it becomes difficult. Most people can make money when a bull market starts or during the main upward wave of a bull market, but they lose money due to not understanding how to sell. After selling, during the distribution phase by the main force, they repeatedly enter the market and get harvested at high positions. Therefore, for retail investors, the selling position is very important, but selling is not the most important thing.
The most important thing is that after selling, you can persist in staying in cash and waiting, which most people cannot do. It's likely that 95% of retail players cannot do this, and it is the fundamental reason why most people lose money. If you can sell at a relatively high point, and after selling, you are not influenced by the analysts in the market or by the various positive news at high positions, and you persist in staying in cash, that is truly securing your profits, and that is when you can really say you made money.
#SPK #Solana现货ETF竞赛 #我的交易风格