The first piece of advice
The cryptocurrency market has completed its period of wild explosion; the next phase is formal financialization, the stage where capital institutions compete.
The second piece of advice
Participating in the primary market for new projects indeed offers high returns for small investments, but those who recommend you play in the primary market will not tell you that 99% of projects will end up worthless.
The third piece of advice
Playing contracts with all-in bets and max leverage can earn you a lot of money, but it can also lead to significant losses. I doubt anyone will tell you that the essence of trading cryptocurrencies lies in rolling over funds, not just how much profit you made in a single transaction.
The fourth piece of advice
Generally speaking, when people are frantically trading a certain coin, it usually means it's nearing the end.
At this point, if you were holding this coin earlier, you might consider selling.
If you do not hold this coin, it is best not to enter the market at this time, as there is a 90% chance you are just picking up the leftovers.
The fifth piece of advice
If you are a university student, please prioritize your studies and treat trading as a secondary activity.
If you are a young person under 25, focus on self-improvement, with trading as a supplementary activity.
If you are a young person under 30, prioritize finding a stable source of income, with trading as a secondary activity.
Trading is a hard battle, not something that can be accomplished overnight.
At the same time, trading is also a time-consuming journey.
Even exceptionally talented traders need to work for five years to achieve financial freedom.
Having excellent off-market earning abilities and a platform that can provide your own funding support plays a crucial role in our success.
The sixth piece of advice: Fortune does not enter a house without virtue; wealth does not enter through urgent doors.
Under what circumstances is water suitable for nurturing all things? Is it that water is suitable for nurturing all things when it is still?
So, when you make a profit in trading, please do not be overly arrogant; when you incur a loss, do not blame yourself too much.
You must understand the principle of 'profits and losses share the same source.'
Regardless of whether you are making a profit or loss, you should periodically reflect on yourself, asking why this trade was profitable and why that trade incurred a loss.
Remember, young man, a person who is emotional cannot trade well.
The sixth piece of advice
Those who play contracts will eventually lose everything; the accuracy of this is as high as 99%. Don't doubt it, because human desire is infinite, and few can truly quit gambling and trade rationally with every transaction.
If you trade a hundred times and lose control once, all previous profits plus your capital will vanish.
The seventh piece of advice
To trade well, you should have your own insights rather than just following others' opinions. It's like reading (Wang Yangming's philosophy); just because you have read it, does it mean you can achieve the same 'unity of knowledge and action' as Mr. Wang Yangming?
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