[This is not alarmist: there is no lowest, only lower, and what is more terrifying is that there is zero]
1. Let's review the history and the disaster days of the "big earthquake" we are experiencing recently:
94 in 2017
312 in 2020
519 in 2021
511 in 2022
315 in 2023
412 in 2024
612 in 2024
Go and see how the cottages that were chosen at that time are doing now?
Only a few rebounded, and most of them have been hovering at a lower level. Some have already returned to zero. Learning from history can help us understand the rise and fall.
⚠️Writing these is not to create panic, nor to persuade everyone to cut losses.
⚠️It is to state objective facts so that investors can have a deeper understanding of the cruelty and changes of the market, so be cautious and cautious in choosing currencies, and pay attention to all commonplaces!
For example
(1) The essence of investment is to buy low and sell high: If you are lucky enough to buy at a low point, first protect your capital, and then pursue greater imagination space for other profits. Be able to attack when advancing and defend when retreating.
(2) Always respect the market and never go all in: The market is difficult to predict and it is difficult to go all in at any time. Do not go all in or all in at any time. If you encounter someone who advises you to go all in or go all in, you may be a blindly arrogant gambler.
2. Reflection is necessary
Are you full of copycats and ignore the mainstream?
Do you ignore the advice of old investors?
Do you rush into the market with hope, trying to make 10 times or 100 times the profit?
Do you think you are the chosen one and you will definitely get rich quickly?
Do you turn a blind eye to common sense and believe in the myth of getting rich quickly?
Do you laugh at the low level of the capital protection plan and love all in extremely?
Are you too optimistic about the market and blindly like to listen to the good or beneficial parts?
Do you only selectively look at the 1% success cases and habitually ignore the 99% failure cases?
It stems from fear of things that have never been experienced or lack of respect for the market.
Personal bias and emotional barriers are the most fatal. It is understandable but must be overcome.
For example
(1) Misinterpreting the entire text or taking it out of context
(2) Whether you can stop profit and stop loss in the face of excess returns or sunk costs
(3) Whether you can have different response plans at different stages in the face of uncontrollable and volatile markets
(4) Whether you can overcome your emotions and rationally review your mistakes
Reflection + pain = progress.