How can one make money in the cryptocurrency world?

There is a very important principle in trading: don't earn small profits, and don't lose big money.

In simple terms, it's actually very difficult to achieve, for example: you opened a position at 20,000, and after opening, it rose to 21,000. You are very happy, take profit, and earn 5%, feeling great, but then the market keeps rising to 25,000... you earned 5% but missed out on 50%;

Then you tell yourself you want to make big money, this time you resolutely don’t take profit. Then the market returns to 20,000, you open another position, and after opening, it rises to 21,000 again. You tell yourself to learn from the last lesson and hold on to make big money, but then the market returns to 20,000 and even drops below to 19,500, and you stop loss.

It's so difficult for me!

Many people spend their whole lives in this dilemma, constantly switching back and forth, unable to escape.

Is there a way to make money in both big and small markets?

No, it’s either one or the other; I generally choose not to earn small profits and wait patiently.

Trading is a long-term practice, whether you are a short-term or long-term trader. With one big market, if you earn 200%, as long as you can maintain most of the profits, you can earn another 200% the next time you encounter a big opportunity, and that’s 4 times... as long as you can keep the profits, you can compound. If you earn 200% this time and then lose it back, what’s the use? In the trading market, there’s no such thing as missing out; there are only losses and gains.

Some people may feel that they have found the right path and think they are about to get rich.

Finding the path only means your probability of making money has increased.

In fact, this kind of operation requires a high level of mentality, patience, and courage.

1. Are you willing to patiently wait for the right position?

2. Can you boldly open positions without caring about the principal, even if losing it all doesn’t matter? The anxiety of missing out, the urgency to secure profits after earning, the worry of losing after opening a position... these require a lot of time to cultivate. If you want to play, you must be cautious, while also trying to profit.

Of course, having found a path is much better than those who play aimlessly; many people go their whole lives without ever finding where the path is.

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