People in the crypto circle are all looking forward to the next big bull market and want to achieve good results, but how can they achieve good results?
One thing that must be done right: avoid leek thinking.
Actually, I've never liked using the term 'leeks'. Firstly, I think it sounds unflattering and impolite; secondly, I feel many people in the market lose money due to lack of understanding, which is truly a helpless and pitiful situation, so I prefer to describe this group in this way.
Here, for everyone's convenience in understanding 'leek thinking', to help everyone avoid 'leek thinking', I will temporarily use this term.
So what is a leek?
Common behaviors acknowledged in the market include:
Seeing a price rise and chasing in, seeing a price drop and being afraid to cut losses, liking to go all in without understanding bull and bear trends, randomly buying a bunch of coins they don't understand, buying based on others' recommendations, etc.
The performance from a mindset perspective is usually:
Anxious: wanting to make quick money, hoping that after buying, prices will rise constantly and cannot accept a downturn, eager to trade every day and every minute.
Greed: wanting to make money faster, hoping that after buying, prices will rise several times or even more, choosing leveraged contracts to earn more.
Relying: always dependent on others, only wanting others to tell them which coins to buy, entry and exit points, not liking to think hard for themselves, and yet feeling entitled, believing that others should tell them the answers because they assume you have the ability.
The reason I summarize these points is not to mock this group, but because most people in the crypto circle keep losing money. You could say many have traded for years but are losing more and more, ultimately losing confidence and unable to face their families, yet they never understand the true reasons behind their losses.
This is what I want to tell everyone, the reason lies in: your thinking.
Behavior is just the surface display, mindset is merely the thoughts in your brain, while the source that governs all this is: your thinking, which determines everything.
If your brain is always filled with a money-losing mindset, then the outcome is destined to be a loss, no matter which investment market or trading method you choose.
Some may wonder, why does doing this only lead to losses?
The reason is simple; there is a saying that wealth does not last beyond three generations, revealing the importance of mindset. Why can some families maintain wealth for a hundred years without decline? Because they have mastered the mindset of making money and passed it on to their children.
Why do some families always struggle financially, even if they have made money at some point, they quickly lose it back? It is also due to thinking.
You need to understand the essence of the trading market. The essence of trading is human nature. Whether in the trading market or society, throughout history, wherever there are people, a few hold the majority of wealth because most people yield to 'human nature.' Human nature leads the vast majority to behave and think in similar ways.
The small number of people who make money have a mindset that is contrary to human nature.
Why do most people become leeks and end up losing money? It is also because their behaviors, psychology, and thinking all align with the reasons for losing money.
So can ordinary people not make money in the crypto circle?
Not every problem corresponds to a correct answer.
For example, leeks are anxious and want to make quick money; you need to learn to be slow. Investing is not about becoming wealthy from a single trade but about accumulating wealth slowly like rolling a snowball over time.
For example, leeks are greedy, wanting to earn money from everything; you need to learn to take only one scoop from the vast waters, not to think about catching every wave. Focus should be on 'how to make the scoop larger.'
For example, leeks don't like to study, only want to rely on news, only focus on price fluctuations; you need to enhance your abilities and understanding, find ways to see the underlying rules and essence behind the prices.
Only by truly changing your thinking, transforming from the leek mentality of losing money to the winning mentality of the 20% who make money, can you genuinely change your outcome.
In recent days, I have been focused on learning, so there have been fewer updates to my articles. I have actually been studying this set of strategies for several years now, but every time I listen to my mentor, I gain new insights and understandings, feeling that my understanding has deepened compared to before.
Learning is limitless, and this is especially true in the investment market. Investment is about a person's overall cognitive thinking about the world, maintaining a curious, open, accepting, and reflective attitude towards the world. If you think you are 'full' or 'fully understand,' you are closing off your path to growth.
Alright, I will share this with you today, writing down what I have seen and learned in the crypto circle, hoping it helps everyone.
If you are very confused about current crypto investments and long for a viable investment path, then feel free to communicate with me.
