Many cryptocurrency friends have many questions during trading, so I will take some time now to explain them.
1 What is most important in trading cryptocurrencies? Many believe the answer is 'technique'. In fact, that is not the case! The real answer is—mindset. An investor with an immature mindset, no matter how good their technique, will panic and cut losses when faced with setbacks, missing profit opportunities. Therefore, if you want to navigate the stock market, you first need to cultivate a calm and composed mindset.
2 In a sense, trading cryptocurrencies is a psychological battle between oneself and the market. If small investors can grit their teeth and hold on in this silent confrontation, they will mostly be able to laugh last. However, the market is cruel enough that many investors blindly exit this game, leaving behind retail investors who are generally at a higher level compared to previous years, forcing major players and manipulators to wash out even more crazily and ruthlessly. Based on this, if you lack patience and perseverance, it will be difficult to make big money in the crypto space.
3 Why do many retail investors spend enough time and energy in the crypto space, yet see very little return? Because their mindset is problematic. They hurriedly cut losses when the market crashes, feel satisfied and take profits after earning a few points, often missing out on big opportunities, and then they slap their thighs and complain about their bad luck.
4 Many cryptocurrency investors, before entering the market, are not truly prepared psychologically. They come into the crypto space with the mindset of getting rich overnight and haven't even thought about strategies to cope if they get stuck with their investments. With such a ridiculous mindset to prospect for gold in the crypto space, how can you expect to make money? Perhaps you might get lucky and win once or twice, but that will only lead you further down the wrong path.
5 To establish and survive in the crypto space, you have three essential conditions for success: mindset, mindset, and still mindset! If you don't understand the technique, you can closely follow our strategies, but if your mindset is poor and you complain and cut losses when mistakes happen, even a deity cannot save you. We can provide you with good strategies, but the mindset can only be cultivated by yourself.
6 I know a friend who was an absolute novice in cryptocurrency and suffered significant losses during the initial phase of entering the market. However, he did not give up because he was able to persist, analyze, and look for patterns. This friend has transformed from a loser to a victor in the market. Why can he laugh last? It's because he possesses a good mindset that many experts cannot reach, along with a firm belief! Those who are technically skilled can only be generals; those who are both technically and mentally skilled can be commanders. If both technique and mindset are lacking? Then you can only be someone else's ATM.
8 Excited and dancing when making profits, boasting everywhere; feeling dejected and sighing when incurring losses, seeking comfort everywhere. Such people are everywhere in the crypto space, and they will never make big money because they do not possess the essential conditions for success.
9 To achieve something in the crypto space, remember two points:
1. Recognize the deception of others without anger in words;
2. Benefit from others without showing any emotion.
10 Therefore, making money in the crypto space is actually quite simple; having a good mindset means you have succeeded 90%. However, cultivating a good mindset is often not simple.
Finally, I am an ice cream, having mingled in the crypto space for many years, and I love to speak the truth. I update daily and share for free. If it helps, feel free to follow, like, comment, and share.
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