Take the year 2024 as an example. I trade cryptocurrencies full-time, and throughout the whole year, except for December, I have turned my initial 2000u into over 200wU in just 11 months! This profit has increased by 1000 times! In this place filled with opportunities and challenges, if you want to truly achieve financial freedom and realize compound growth, mastering the correct methods, excellent techniques, and building your own profit system is crucial! Once you learn and master these skills, the crypto circle will seem like your exclusive "ATM," and making money will be as easy and natural as breathing.
Looking back on my wealth accumulation journey over more than 10 years of trading cryptocurrencies, I have many sentiments. The first 10 million took the longest time and was the most torturous process. In order to create an effective trading system, I constantly reshaped and polished it, which took a year and a half in total. However, after gaining experience and having a mature system, the speed of making money became faster and faster. The second 10 million was achieved in just three months; the third 10 million took only 40 days; and the fourth 10 million was achieved in just 5 days. Calculating, 75% of the funds were earned in half a year.
Next, I want to give some sincere advice to those friends who are thinking about recovering losses or making money through contracts. As everyone knows, there are so many people who have lost money in the crypto circle yet still stay here, simply hoping to recover their losses. But I have to be honest with everyone, this is actually a quite harsh reality; most people who want to recover losses, or even want to make money through contracts, are almost dreaming. In the entire crypto market, the number of people who truly make money through contracts is really very few, just like a needle in a haystack. So, don’t always fantasize about being that lucky one. To be honest, if you are thinking about recovering losses through contracts, the odds are that you really aren’t cut out for it. No matter how much you have lost before, even if you are bankrupt, relying on contracts to recover losses is almost impossible. Therefore, I advise those friends still holding onto this idea to quit contracts quickly. To put it plainly, contracts are quite similar to gambling, so it’s better to stay away.
So what should spot traders do if they lose money? This needs to be analyzed based on the specific situation. If the loss is not too significant and the capital is relatively sufficient, meaning the difference between the capital and the loss is not large, or if it only requires a recovery of within 5 times to break even, then there is still hope for recovery, and it is relatively easier to achieve. However, there is a very key point here, which is the grasp of the buying and selling points. Many people are trapped at high positions, making recovery difficult in such cases. In fact, most retail investors can make money when the bull market starts or during the main rising phase of the bull market, so why do they end up losing? It’s simply because they don’t know when to sell; they don’t sell when they should, and when the main force starts to distribute (which is selling), they can’t resist the temptation and repeatedly enter the market, resulting in being harvested heavily at high positions. Therefore, for us retail investors, knowing when to sell the coins in hand is indeed very important, but this is not the most important thing.
What is the most important thing? It is to be able to hold cash after selling! I estimate that about 95% of retail players cannot do this, and this is precisely the fundamental reason why most people lose money in the crypto circle. If you can sell your coins at a relatively high point and then not be swayed by the opinions of analysts in the market, nor be dizzy from various positive news coming from high positions, maintaining a cash position and truly realizing taking profits, then this money can be considered really earned.
