Trading cryptocurrencies to support my family for 10 years, thankful for these experiences that earned me 30 million 💰
1. Losing money without cutting losses and not holding onto profits is a common problem for most retail investors.
2. When investing, the most important thing is summed up in four words: go with the trend. Shorting during an upward pullback is self-destructive, and adding leverage is a fancy way of self-destruction.
3. The market direction is the collective expectation of all participants; do not impose your own will on the market.
4. Winning rates are not important at all; the profitability of a trading system has nothing to do with its win rate. Don’t envy others for making a few points; you don’t know that they are losing money. Be patient and wait for your own opportunity.
5. Not every bullish candle in the market means you can make money.
6. Opportunities are waited for; good hunters are not impulsive. In a volatile market, no one can make big money.
7. In the secondary market, it’s not just about “buying, buying, buying”; closing positions, reducing positions, and holding cash are also valid operations.
8. For a retail investor with a few million in capital, there aren't that many imaginary enemies like “big players” or “market manipulators.” Your biggest enemy is your own greed and fear.
9. The secondary market is never short of stars, but it's lacking in long-term survivors.
10. 70% of people in the market lose money; really, there aren’t that many experts.
11. Stay rational, respect the market; in front of the market, everyone is chives (easy to harvest). Be careful, a fortune is not closely related to me.
12. Some trades are right even if they lose money, and some trades are wrong even if they make money.
13. Risk control is more important than the rate of return.
14. Do not develop feelings for your holdings; significant losses usually come when confidence is high. The trade that makes us lose the most money might just be the one we are most confident about.
15. Each of the above points is very difficult to achieve and requires long-term practice; there is a long, long way to go between knowing and doing.
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