Control your own "greed"; making money in the crypto world is too simple.
In the crypto world, achieving true financial freedom and compounding requires essential methods, techniques, and the formation of your own profit system!
Once you learn to master it, the crypto world will be like your "ATM," making money as easy as breathing!
With over 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 within half a year.
Let's first talk about those who make 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 a loss. The essence of contracts is mainly gambling, making money through probability. Of course, this has a higher probability than betting on high or low, but it's basically similar. Those who make money in contracts are generally those who do contract community trading; they have long realized that contracts cannot make money, so they go to do community trading, where old investors cut new ones.
Here's 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 to recover their losses, but there’s a harsh reality: most people can’t recover their losses and can’t make money, especially those who want to recover losses through contracts, are even more delusional. The people who make money through contracts in the market are extremely rare. Don’t fantasize about why you wouldn’t be that person. To be honest, if you want to recover losses through contracts, you really aren’t cut out for it. No matter how much you lose, it’s the same; even if you go bankrupt, you can’t recover losses 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 aren’t substantial and the principal is still considerable, meaning the principal and losses are balanced, then recovering losses is relatively simple and easier, or in other words, if you need to multiply by 5 times or less to recover losses, it is possible. But the most important point is the buying and selling points. If you find yourself stuck at a high position, it becomes difficult. Most people can make money when a bull market starts or during the main rise of the bull market; losses occur due to not understanding how to sell. After selling, during the main force distribution (selling) phase, repeatedly entering the market at high positions leads to being harvested. Therefore, for retail investors, knowing where to sell is very important, but selling is not the most important thing.
The most important thing is that after selling, being able to hold a short position and wait is something most people cannot do. This should be true for 95% of retail investors, and it is also the fundamental reason why most people lose money. If you can sell at a relatively high point, and after selling, not be influenced by analysts in the market or various positive news at high positions, insisting on holding a short position, that is truly securing your profits, and that is how you can really make money.
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