A post-90s cryptocurrency investor supports his family: 28 years old, 8 years in the cryptocurrency industry, from 60,000 to 8-digit numbers, back to zero and then to 8-digit numbers again.
I borrowed 60,000 yuan to enter the market in 2017, and have been a professional cryptocurrency investor for eight years, more than 3,100 days and nights. Long-term, short-term, swing... I have tried almost all the ways of playing, and the taste is unforgettable. This journey from 60,000 to eight-digit numbers, then falling to the bottom and being penniless, and finally climbing back to eight-digit numbers, condensed into a few core experiences:
Mastery requires 10,000 hours of foundation: Focus on 8 hours a day, more than 200 days a year, and 5 years is just the starting point for stable profits.
There will be big pits in ten years: "Stability" is the first word! In the ten-year cycle, the principal investment must not exceed the ability to bear. I have seen too many "myths" that rely on high-multiple contracts to fight from tens of thousands to hundreds of millions, and finally a round of bear market quietly returns to zero-but the story is rarely known. In the face of big trends, human nature is very easy to distort judgment.
The iron law of change and results: It is difficult to change others, and it is even more difficult to change yourself! But only by turning the blade inward and completely reforming yourself can there be hope of breaking through. The financial market is cruel and ruthless, there is no "if", only the results. Continuous losses must be wrong; stable profits must be right. Thinking determines behavior, and behavior casts results. Losing money itself is not terrible, what is terrible is to avoid problems and not face the root cause! The deep reasons must be found and changed immediately before the world can be reversed. Cause and effect are not false: Today's current situation stems from every decision in the past. Whether the result is good or bad, adults have to bear it themselves! The key is whether you can face it calmly and accept it completely. Always remember: Don't pretend to work hard, the result will not play with you! Survival rules in the currency circle: Be diligent in reflection and summary: Experience is improved, lessons are quickly changed, and time will verify it. Abandon the three poisons: Completely get rid of the fantasy of getting rich quickly, the mentality of luck, and transactions beyond cognition. Three soul questions before trading: Do I really understand? (What is the basis?)
Are the strategies and risk controls complete?
Can the consequences of failure be borne?
Clearly defining one's own circle of competence is the cornerstone of a qualified investor.
Finally: As long as you want to change, now is the best time to start!