The first core of investing is not to get rich, but to avoid risk.
The highest level of trading coins is risk avoidance; being able to sense danger and avoid it.
It's not about how much you earn in one go, but about being able to avoid danger and earn continuously; this continuity is extremely important.
When others are not making money, you can keep earning; when others lose big money, you do not lose.
You still earn when everyone else is making money.
In the process of making money, it doesn't matter whether you earn more or less than others, but when there's a big drop and you can avoid it, you lose less than others.
That is to not set any stop-loss or take-profit discipline for yourself; the market is ever-changing, as I often say, discipline.
But this is not about adhering to stop-loss levels, but about the discipline of logic.
For example, during a bull market surge, you must have the discipline to control FOMO. During rapid price increases, you need to have the discipline to sell.
During market fluctuations, you have the discipline to hold on, and when new things appear that others do not recognize, you have the courage to buy in.
Doing these things while also avoiding risks, taking the bubble money into your pocket, and being able to sell decisively; this is the key.
When you win the game and eliminate your opponent, you earn money through others' mistakes.
But when others are wiped out by Xiao, if you don't withdraw and choose to fight, then you are the biggest mistake in the market.
You will be targeted by market trends and become the key to eliminating mistakes; if you understand this sentence.
Then your level in trading coins can be considered as entry-level. But achieving it is still far away.
You need to achieve this by overcoming your inner demons; being daring to buy and sell is something many people cannot accomplish in their lifetime.
Perceiving danger, staying away from danger, sensing big market movements, and getting closer to major trends; how many people can actually do this?
Give up those small opportunities and seize those big opportunities for wealth. You might encounter them 3-4 times in a cycle.
These days I am preparing for the layout of a divine single that is about to start!!!
Comment 168 to get on board!!!
Impermanence brings impermanence, brings impermanence, brings impermanence!!!
Important things need to be said three times!!!