Ten years in the cryptocurrency world, the core I have realized
In 2019, I borrowed 60,000 as capital to enter the market. By last year, my assets surpassed 10 million.
After ten years of ups and downs, I have been trading professionally for 6 years, going through over 3,100 days and nights, trying long-term, short-term, swing, and ultra-short strategies.
Many people think only geniuses make money, but the truth is quite simple:
Mastering a craft is the 10,000-hour rule.
Eight hours of review each day, 200 days a year, and persisting for 5 years is just the beginning of stable profits.
The pitfalls of the cryptocurrency world are inevitable in ten years. Those who become rich through contracts can be wiped out completely in a bear market. Human nature is the biggest enemy.
I summarize it in one sentence:
It is hard to change others, and it is also hard to change oneself; but only by changing oneself can there be hope.
Losing money is not scary; what is scary is not reflecting and not changing.
The financial market has no 'ifs', only results.
Our current situation is the result of yesterday's decisions.
Therefore, the essence of trading can be summed up in one sentence:
Cut losses when wrong, hold on when right.
No luck, no speculation, no blind operations beyond the scope of understanding.
Before each trade, ask yourself three questions:
Do I understand it?
Do I have a basis for it?
Can I bear the loss?
If you can do these three points, you are a qualified investor.
As long as you want to change, any time is just right.
