I have been trading coins for 10 years, struggled for 4 years, and realized one thing: trading coins is simply repetition. When you reach the peak, you will suddenly understand. Today, I wholeheartedly share the trend charts of trading, hoping that all the valuable insights below will help you understand the truth and essence of trading!
As the saying goes, 'No one gets rich without a windfall, and horses don’t get fat without night grass.' I believe many people's initial motivation for entering the crypto world is to make a big profit and then reach the peak of their lives. However, due to the lack of correct methods, things often go against their wishes, leading to losses. Many people then start their learning journey, such as buying books, researching information, or seeking knowledge from experienced individuals.
What kind of people in the crypto world can truly navigate Bitcoin?
There are only two types of people: those with vision and those with understanding.
Those with vision can grasp the general direction of the future, while those with understanding can seize current significant opportunities. I can responsibly tell everyone: you can only rely on yourself to continuously learn through trial and error and navigate various paths, stepping on stones to cross the river until now.
There are actually many ways to make money in the crypto world. Some might not align with your beliefs, but there are indeed people making profits that you haven't noticed. Their growth is exactly the same as yours. Without the solid foundation built in the earlier years, there will be no explosive growth later. Therefore, any success is certainly not coincidental.
If you want to achieve stable profits, you must go through a few years of a bottleneck period: six months learning skills, one year practicing execution, and one and a half years honing mindset. The most important thing during the bottleneck period is to minimize losses. If you are willing to spend time, exert effort, and summarize, along with having a good mentor and friend by your side, then your journey in the crypto world will be much simpler.
Do you know what the fundamental reason for losing money in the financial field is? It's very simple, just two words: 'making mistakes.'
Making mistakes sounds simple, but explaining this category in detail is quite extensive. Typically, beginners in the crypto world face the following ten traps, and each trap is enough to put them at risk, resulting in irretrievable financial losses.
Trap 1: Trading coins based on news without taking the time to research the coins you invest in.
Trap 2: Acting emotionally, with emotions fluctuating with market ups and downs, leading to irrational buying or selling decisions.
Trap 3: FOMO for newly launched altcoins.
Trap 4: Blindly buying in due to the fear of missing out on opportunities.
Trap 5: Fixating on a certain coin and blindly investing everything, leaving no room for error.
Trap 6: Blindly believing various news or opinions from self-media.
Trap 7: Mysterious faith in a certain coin while ignoring systematic risks
Trap 8: Reckless investment, betting one's life savings on unresearched coins based on gut feelings.
Trap 9: Trading on small exchanges, resulting in exchanges running away, being attacked, or being unable to withdraw funds; $BTC
Trap 10: The delusion of getting rich overnight through quick gains.
The above ten traps are commonly encountered by beginners. To avoid these traps and survive and thrive in the crypto world, there is only one way: to have an effective trading system that can navigate bull and bear markets and continue to grow.
These are the 'top secret skills' of the best in the financial field.
