Retail investors find it the hardest in this market, especially the most ordinary retail investors. When big market movements occur, many people, like me, get anxious, basically either entering shorts too early or going long too early, and then when the market moves, they regret missing out. They can't hold onto their profits, and when they incur losses, they stubbornly hang on, ultimately sending their meager savings into the cryptocurrency market, this massive meat grinder.
Last night I thought a lot about this, and many people saw me getting a car and wanted to seek advice from me. I feel there’s nothing much to offer because I don't differ much from other retail investors; everyone in the market has certainly made money and lost money, and I am no exception. Perhaps one thing I do better than others is that I exit timely when in profit, and I don’t get overly emotional when incurring losses. The amount I invest in contracts is always within my risk tolerance.
This year, many friends have come to me for discussions, but after a while, a new batch of people arrives. The cryptocurrency market is like iron, constantly changing and flowing. Very few have truly survived alongside me in this year and a half; many people have been losing money. In fact, some people, if they really can’t make money, should return to their regular lives and work hard. One friend lost over 300,000 this year, and his positions weren’t even very large, just playing with a few tens of oil and 100 USDT, gradually losing everything, unable to change his emotional habits. Those who are easily swayed, I really advise them against it; losses can spiral endlessly. (Referring to 18
Occasionally, when I lose, I’ve lost a few thousand USDT, and I’ve also made that much in profits. However, my capability fluctuates within this range; most of the time, I still profit from my consistent strategy, slowly accumulating by trading. I sell as much as people want to buy from me at the price I set, and that's how I accumulate my gains.
Of course, what sets me apart from ordinary small investors is that I have a relatively stable income in the cryptocurrency market, which includes commission income and occasional advertising revenue, making it a stable income. However, for friends filling in invitation codes, I am directly following the official guidelines to provide them, as I don’t have any strategies to offer. This part of the profit is not as much as everyone imagines.
In summary, the road to recovering costs and reversing fortunes in this market is related to my nightly trading, the business of the cryptocurrency market, the Binance platform, and the friends who have continuously supported me. Friends from Shenzhen are welcome to find me for coffee.