How do cryptocurrency traders grow?
The practice volume must be large, must be large, must be large, must be large, must be large; important things are said five times. A lot of practice can help you solve many things.
1. Fantasizing
Some traders I’ve seen don’t know what’s wrong with them; they like to talk about trading, like doing this or that. However, when it comes to actually doing it, it’s a different story. There are many such traders, so practicing more leaves no time to fantasize about how to trade perfectly.
2. Break superstition
Is the previous high support or resistance? For example, whether trading is more trading can break superstition, whether moving averages are support or resistance, one should do what is within their ability. All of the above are superstitions. Why is that? With a lot of practice, you will naturally feel it.
3. Gain rich experience
There’s a saying -- if I were a screenwriter, I wouldn't dare to write it like this. What does it mean? Many times, you have to rely on some logic to guess the truth of what others say, which can be exhausting. A lot of practice brings rich experiences, so when what others say is similar to your experience, you can understand the meaning of their words much better than just sitting and discussing. Of course, not everyone dares to practice a lot; some might say that a lot of practice incurs a lot of transaction fees and works for the exchanges, some say that the more they practice, the more they lose. Some say they are afraid of extensive practice.
We utilize the good side of mistakes -- lessons, and control the bad side -- losses.
A good trader is the one who knows how to use stop-loss the best.
All traders who establish a correct learning mechanism can grow faster than others.
Summary: The core of national defense can be summed up in one sentence --
Do not be greedy for high returns, do not touch what you do not understand, do not listen to strangers' persuasion.
Following this method, although you can't earn a hundred times myth, you can steadily outperform 90% of the retail investors.
Information filtering: Refuse to be 'news non-vegetarian'
1. Only look at the code, less at the story
Check the project’s GitHub + updates daily (a real technical team will submit code frequently)
Twitter big V calls, WeChat group insider information regarded as gossip
2. Filter out type two noise
Exchange pop-up 'Recommended coins for explosive growth'
Social media 'Ten Thousand People Positioning Group' advertisement
Friends privately message 'internal information'
Ultimate mental method: Treat yourself as a Pi Yao
1. Accumulate coins in a bear market, realize profits in a bull market.
Bitcoin halving + phased buying in the first year (refer to historical cycles)
Gradually sell Bitcoin after breaking the previous high (like $69,000 in June 2021)
2. Invest with spare money, forget the account password
Only invest money that won’t affect your life if lost
After obtaining national currency, delete the exchange app and check the market once every six months.
I have been in the market for many years, deeply understanding the opportunities and traps within it. If your investments are not going well and you're unhappy with your losses, leave a 999 in the comment section, and I won't wait long!
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