In a corner of a bustling city, there was a young man named Lin Yu. He was originally a nine-to-five office worker, living a mundane life.
However, by chance, he heard rumors about the cryptocurrency market. It was said to be a place full of infinite possibilities, with a trading mechanism of 365 days × 24 hours, meaning wealth could surge like the tide at any moment.
Lin Yu began to be attracted by the myths of wealth. He saw people online sharing screenshots of becoming rich overnight in the cryptocurrency world, and the constantly rising numbers were like a soul-snatching spell. He thought that he could also become such a lucky person. So, with his savings accumulated over the years, he dove headfirst into this mysterious cryptocurrency market.
When Lin Yu first entered the cryptocurrency world, he felt like a child in a fantastical world, where the flickering candlestick charts seemed like a map leading to treasure. He felt as if he had found a modern version of a Las Vegas casino, except there were no physical chips, only the numbers dancing on the screen. He chose short-term trading because he thought it was the easiest way to enter, and his goal was simple: to earn enough for daily expenses and make his life a little more comfortable.
At first, Lin Yu seemed to have good luck. He occasionally caught some small fluctuations, and the numbers in his account showed slight growth. This made him more convinced of his choice; he began to watch the market around the clock, fixating on the 15-minute candlestick fluctuations. He felt that he had grasped the secret to making money, filled with hope for future wealth.
However, the good times didn't last long. As time passed, Lin Yu found the market increasingly elusive. He was always chasing highs and cutting losses, eagerly buying when prices rose and panic-selling when they fell. His profit-taking and stop-loss strategies crumbled under the impulse of human nature.
A month later, Lin Yu found that not only had he not earned enough for his daily expenses, but he had also lost part of his principal. But he was unwilling to accept this; he felt that he was just unlucky and that he would definitely make it back next time. So, he continued to increase his investment, even using the funds he had set aside for buying a house for his marriage.
Two months later, Lin Yu's situation worsened. His principal was dwindling, and every day he watched his shrinking account, filled with anxiety and despair. He began to realize that this market was far from as simple as he imagined, and behind those seemingly enticing opportunities, there seemed to be an invisible hand ready to devour him.
Just when Lin Yu was about to give up, he saw a senior trader's sharing on a public account. This trader mentioned that only 0.1% of spot traders can achieve stable profits, while the survival rate in the contract market is as low as one in ten thousand. Behind these numbers are countless cognitive defects and the collapse of human nature. He also emphasized that seasoned investors know that investing is not about catching every wave but about firmly grasping opportunities when they come.
Lin Yu woke up from his dream; he began to reflect on his behavior. He realized that he had been like an undisciplined gambler, struggling in this market solely based on impulse and luck. He decided to change his trading approach, no longer blindly pursuing short-term gains, but began learning to manage his dwindling funds with an institutional-level asset allocation plan and strictly adhering to systematic trading disciplines to overcome his emotional trading.
During this process, Lin Yu encountered many difficulties. Sometimes, when he saw sudden price fluctuations, that impulse would surge again, but he worked hard to restrain himself. He began to build his trading system through learning, understanding the true value behind cryptocurrencies, and not just fixating on the numbers on the candlestick chart.
As days passed, Lin Yu's efforts began to pay off. His assets no longer sharply declined as before but gradually stabilized. Although he did not become rich overnight, he had learned to survive in this market full of temptations and dangers.
Once, there was a significant market fluctuation. In the past, Lin Yu would have panicked and made wrong decisions. But this time, he calmly analyzed the situation and made the right moves according to his asset allocation plan and trading discipline. This operation led to a substantial increase in his assets.
Lin Yu finally understood that the cryptocurrency market is not a casino where one can win by luck. It is a coliseum of cognitive transformation, where only by arming oneself with reason, knowledge, and discipline can one capture true value dividends in this ever-ongoing market.
And those past losses and setbacks were valuable experiences in this ultimate test of human nature.
Now, Lin Yu is still moving forward in the cryptocurrency world, but he is no longer the blindly impulsive young man he once was. He knows that in this market filled with opportunities and challenges, every decision relates to his fate, and he will use his wisdom and perseverance to write his own cryptocurrency legend.