Chapter One (Introduction)
Before learning the first chapter of trading principles, please read my story. I remember entering this circle at the end of 2018, completely unaware of web3 or even what blockchain was. I was brought in by a friend, and at that time, the cryptocurrency market was at its lowest. I remember sitting outside with my friend on March 12, and he had a gloomy face all day because we didn't understand the dramatic drop that day. As someone in the circle, I can't describe the feeling, but that day marked a rebirth for the cryptocurrency market. I recall that after that day, the prices surged dramatically, even causing exchanges to crash and prices to rise. That's when I got involved in this circle. It's quite funny—when Bitcoin was $12,000 each, I made my first leveraged trade. Unfortunately, back then, I didn't understand anything and went short; by the next morning, I lost about $2,000. However, I'm proud to say that I shorted BTC at $10,000. After that, although I was in the bull market, I didn't seize any opportunities—yes, you heard it right, not a single opportunity. I remember a saying from a trading mindset book I read after dropping out: most people don't make money in a bull market, and sometimes they make less than in a bear market because, in a bull market, there are so many coins rising every day that it's overwhelming, while in a bear market, the targets are very consistent. Therefore, mature traders adjust their strategies according to different trends instead of forcing the market to follow their strategies. There are always people making money and people losing money; it's not just in the bull market that you can make money. Bull markets only increase the percentage probability of making money, but that percentage applies to a very small number of people. Anyway, moving on, I kept jumping into futures trading haphazardly and ended up losing everything. Then Dogecoin appeared. I remember everyone, whether they were people around me or those who had never been in this circle, knew that Dogecoin had risen hundreds of billions. This news spread like wildfire, attracting countless funds, and then Shiba Inu also reached its peak. I recall a real case from a friend: at that time, FIL was around $7-8, and there was a trading pair on a certain exchange for FIL*3, which was a spot 3x trading pair. In just a week, he turned a $30,000 principal into a million. At that time, the entire circle had the feeling that money was blowing in from the wind, and countless highlights were experienced. It also coincided with the highest dividend period for the entire circle, and everyone was addicted to the joy of making money, showing no respect for the market. Some even started borrowing money to enter the circle. That feeling, at least for the following days, never returned. Oh, right, maybe only on one day—on the day Trump went online—did it feel a bit like the wild days of Shib, Pig, and Doge again, just that one day. So, remember every moment you trade; feel that moment. When others enjoy their joy, be a bit more cautious than they are. When others experience panic, be a bit calmer than they are.
