In the crypto world, nine out of ten successful investors rely primarily on technology; it's truly rare to rely on luck, even if you are lucky.
No matter how good, it's hard to guarantee that on a bad day you'll end up in a margin call. That's why after so many years, I never rely on luck or feelings; often this can lead to total failure. I experienced one of the most unfortunate periods when I was in my fourth year in this market. At that time, I had some achievements, accumulating over three million in the crypto world and also in a very satisfactory position in the finance circle. I even invested in several physical stores and had to say that my luck was very good, sailing smoothly all the way. However, this led to a series of failures later on. At that time, it was indeed a bull market; as long as you didn't mess around and had some ability, you could earn quite a bit. But there are no perpetual victors; eventually, there will be a curtain call. I originally wanted to pursue stability, aiming to earn five million and slow down, but I got lost in the chase for higher returns, following friends to invest more. That one time, I lost all my years of effort. I added over a hundred more into the market, and when bad luck came, it was unstoppable. Everything was wiped out. In an attempt to turn things around, I secretly mortgaged my house, thinking about breaking even. When your mind is chaotic, there are no techniques or experience; it’s purely the mindset of a gambler, believing everything should turn around and wanting to try again. In the end, I lost everything and was left with a mountain of debt, lost my job, and faced daily chaos at home, leading to the breakdown of my family and six months of depression.
Fortunately, I can be quite perceptive; otherwise, I might have jumped straight into the Yangtze River to feed the fish. A person's growth really needs to go through some experiences to truly mature. It was from that time on that I truly understood that no matter what you do, you must first respect the market. Never hold a mindset of luck at any time; luck isn’t available every day. Only your own hands are the manipulators of your destiny's gears.
Subsequently, I put in a lot of thought and effort, allowing me to walk from zero to one again. After a downturn, a new round of higher-level rises, just like the price chart; as long as I'm still here and can hold on, the trend will always rise wave after wave like the ocean.
Now that I have reached a certain height, I will self-destruct and return to retrain. What does this mean? If I earn one hundred, I will take away eighty and use twenty to experiment. If I earn one thousand, I will take away eight hundred and use small funds to continuously test my skills, refining my methods and honing my mindset. I won’t trade without a pattern, won’t trade without meeting the formula, won’t trade at low positions, and won’t trade at peaks. I demand strict adherence, and the results will naturally improve. Of course, many people have various methods and techniques that are easier said than done. The reality is such because others' methods are ultimately what they have gone through; they cannot be completely replicated. Each person is unique, and thinking cannot synchronize. Even if starting the same journey together, there will always be different sceneries to appreciate along the way.
How can a beginner follow in the footsteps of experts to quickly reach a position that others need years of winding paths to achieve? Undoubtedly, a complete trading strategy can help you take fewer detours!
A complete trading strategy includes
(1) Asset - what to trade;
(2) Position - how much to hold;
(3) Direction - long or short;
(4) Entry point - at what level to trade;
(5) Stop loss - when to exit a losing trade;
(6) Take profit - when to exit a profitable trade;
(7) Strategy One: How to deal with unexpected situations;
(8) Operations after the trade is finished.
Trend + key position + signal = successful trading
Developing good habits, day by day, you will discover the flaws in your trading process. If you work hard to change them, you will succeed!
Repeating simple things applies not only to trading coins but also to all aspects of life.
Everyone knows that exercising can lead to better health, but there are really very few people who stick to it every day.
Investing is the same principle; the great way is simple, but achieving it is hard.
Many things are easy to know but hard to do. To make money, you need to be prepared at all times; when luck comes, you can take off.
This is my trading insight, hoping to help everyone! I'm laying out the divine plan every day! Hit 555 below! Uncertainty brings opportunities!
$XRP
