How can ordinary people achieve their first million in cryptocurrency trading?
Everyone trading cryptocurrencies must overcome the following:
First, the fear of missing out when seeing others profit;
Second, when you have consecutive successes, your confidence is sky-high;
Third, when you incur significant losses, you are solely focused on recovering your losses. Therefore, when encountering these three situations, it is essential to remain vigilant at all times.
If you are a working professional and want to become a millionaire, please listen carefully to me: do not believe in those myths of getting rich quickly; take control of your trading. The myths of overnight wealth are for the fortunate chosen by fate.
My advice is to set phased goals for yourself.
Work hard, diligently study contracts, but do not trade with heavy positions; use light positions and compound your gains slowly from 5,000 to 50,000. This process is the most challenging but also the best way to cultivate trading discipline. During this process, you can form your own trading system, which can later be adapted to other speculative markets.
Then, based on previous profits, compound from 50,000 to 100,000, from 100,000 to 200,000, and from 200,000 to 500,000. Once you achieve this, you will be very close to success, and you will find that you already possess a stable method of making profits. After that, becoming a millionaire is only a single step away.
If you are truly unable to make a profit, do not invest more; exiting the market is not something to regret.
The essence of trading profit is not complicated; it is like sowing in spring and reaping in autumn. While it is necessary to fertilize and till the soil, it is not essential. Even the best seeds need the right climate to sprout, and sprouted seeds need enough time to grow, bloom, and bear fruit. You need to wait patiently; pulling up seedlings will not help them grow. Most importantly, if the climate is poor that year, no matter how much you plow or fertilize, it will all be in vain. Accepting this reality will help you understand what you should do.