How do retail investors trade?
They are used to predicting the market with their own set of theories. Divergences appear here, W-bottoms appear there, major players enter here, and then they choose to jump in based on these conditions. Finally, when the market does not align with their expectations, they stubbornly insist there must be an opportunity here; it just needs a little time, they just bought in too early and it's a temporary pullback.
When the trend increasingly diverges from your expectations, to insist you are right, you force yourself to comfort and hypnotize yourself, telling yourself that the market is oversold here; it definitely cannot be sold, maybe a turning point is just around the corner.
Ultimately, when the losses become unbearable, one groans and reluctantly cuts their losses. At that moment, they realize that as soon as they leave the market, it reverses. However, this trade failure severely undermines their trading confidence; even when the market begins to recover, they are too afraid to re-enter.
So, what process is needed to survive in the crypto space for the long term and achieve financial freedom? I’ll summarize the main points for everyone; please take a good look and learn!
First, you must have the right attitude.
It is best to enter the market with the attitude of building a career and being a professional trader from the very beginning. Otherwise, turn around and leave; this market will not allow those who are not serious or committed to survive long-term.
Secondly, you need to learn systematically.
Not learning is ignorance; ignorant people will act recklessly. What good results come from recklessness?
Third, you need practical training.
Practical trading directly involves real financial gains and losses, and the experience is the most genuine. Therefore, practical training is an indispensable part of a trader's improvement.
Fourth, you need to summarize and improve.
Without summarizing, there is no improvement. We know traders who have been in the game for 20 years but are still at a low level because they are not good at summarizing, thus can't improve or break through, inevitably falling into a low-level cycle.
The above four points represent a spiral ascent and wave-like progress. To succeed in trading, one must undergo these experiences.
First, let me emphasize a few points: do not chase prices or sell in panic, do not borrow money, high profits always come with huge risks, and values can drop to zero in an instant!
The first step, the most important step, is to manage your hands well. Don't operate recklessly; do not liquidate your original coins just for a new coin.
Those with less money have their ways, and those with more money have theirs. The following system applies to everyone!
Analogy: You bought one; I believe you made a good decision back then. In future projects, try to work on projects that are (fast, accurate, and decisive). Do not let your capital be tied up for too long. The amount you earn and your principal amount have no direct relationship. Some people turned 20 yuan into 8 million in three months. The method is vital!
This system includes: hoarding coins, recouping the principal, bottom fishing, arbitrage, etc. A strict and comprehensive plan is essential for investment; otherwise, don’t play, as you will suffer! Never let the surge of other coins disrupt your strategy, and never sell off in a panic when other coins crash!
First, take out the spare money you are willing to invest in the crypto market. This money should be treated as if it does not exist; only by doing this can you face various situations without stress and remain calm. Otherwise, if you panic, you know the outcome!
Assuming everyone has 1 ETH in spare money, regardless of whether your spare cash is hundreds, thousands, or tens of thousands, please strictly follow the system to plan for yourself.
Let's temporarily refer to a certain coin as (hypothetical coin).
For example, suppose 5 ETH was used to participate in the coin's private placement, with a ratio of 1:10000 coins (hypothetical coins).
Assuming an investment of 1 ETH costs 10,000 yuan, then the cost of each (hypothetical coin) is 1 yuan.
When the (hypothetical coin) rises to 3 yuan or 5 yuan, withdraw the principal.
10000 coins x 3 yuan = 30000 yuan.
To recover the principal, you need to sell 3333 coins, leaving 6666 coins.
At this point, your principal has been recouped; what remains can be left to live or die as it pleases.
However, please engage in arbitrage at appropriate times.
Each coin has different development potential; you can set your own price for arbitrage.
For example, the remaining 6666 coins (hypothetical coins).
When it rises to 5 yuan, sell 666 coins, leaving 6000 whole coins.
When it reaches 8 yuan, sell 500 coins, leaving 5500 coins.
When it rises to 10 yuan, sell another 500 coins, leaving 5000 coins.
Do not act until the target price is reached; strictly adhere to this, do not panic, do not be greedy!
Here, let's calculate how many coins and how much money you have left.
Principal 10000 + 5x666 + 8x500 + 10x500 = after excluding the principal, earned an additional 12330 yuan.
Set a high threshold for the remaining 5000 coins. From these five thousand, I will permanently keep only 3000 coins; the other two thousand, I will sell 500 when the price reaches 20, 30, 40, and 50.
I won’t sell below this price; my principal is already out, so it doesn't matter! Only then can you make big money. If you sell off your previous project's coins for a new project, you will regret it one day!
(Do not move on a broken issue) (Exit at 3-5 times the principal) (Arbitrage) (Hoard coins) (Do not operate with more than five types of coins in hand; otherwise, you won't have enough energy. Don't invest in every project; it's useless. Projects will only get better; there is no best, only better!) Remember! In investing, withdrawing the principal is the priority!
Now let's talk about our reality. I won’t mention the old coins, as they have already caused confusion. Let’s discuss our new coins! Quantum coins won't be sold unless they exceed a thousand, and the original coins won't be sold unless they exceed two digits. I won't say much else; it's too long and hard to control.
For coins that haven't been issued, let’s set them aside for now.
Let's start by discussing the already issued coins, beginning with the Wiki Chain WICC.
The cost for Wiki is 1 ETH: 2489 WICC, which translates to a cost of around 2.1 yuan.
As of now, the publishing price on Coin Profit is 7 yuan, based on 7 yuan to recoup the principal! The principal was around 5300 yuan at that time for ETH.
5300 ÷ 7 = 757 coins. We sell the fractional part at 789, leaving 2489 WICC - 789 WICC = 1700 coins.
After selling back the principal, you still have 1700 WICC. Remember, at this point, you have recouped your investment, and you can let the profits roll!
When Wiki rises to 10 yuan, sell 100 coins.
Sell 200 coins when it reaches 15 yuan.
Sell 200 coins when it reaches 20 yuan.
Sell 200 coins when it reaches 30 yuan.
Do not sell below the prices mentioned above! What does it matter how long you wait?
The remaining 1000 coins should forever be treated as if they do not exist! How do you know whether this could be the next hundredfold, thousandfold, or ten-thousandfold coin in several months or years? Since you don’t know, just hoard the coins tightly! Don’t be careless and sell them all! Set a price target and don’t sell until it is met, as it is all profit. Remember this!
Next, let’s talk about BKX. The distribution ratio is 1 ETH: 713 BKX. At that time, the ETH price was around 3000, if I remember correctly. Let's calculate the cost based on 3000: 3000 ÷ 713 = 4.2 yuan of principal per BKX.
The current price is around 18 yuan, meeting the requirement to recoup the principal: 3000 ÷ 18 = 166 coins. We sell 163 coins and keep 650 coins.
Sell 50 coins when it reaches 20 yuan, leaving 600 coins.
Sell 50 coins when it reaches 25 yuan, leaving 550 coins.
Sell 50 coins when it reaches 30 yuan, leaving 500 coins.
Sell 50 coins when it reaches 40 yuan, leaving 450 coins.
When it reaches 50 yuan, sell 50 coins, leaving 400 coins.
The remaining four hundred coins are well kept, treat them as if they permanently do not exist.
This way of operating targets rises! If there are declines, just ignore them. Play according to the rises; if it dropped and didn’t rise, don’t look. If you didn’t believe it would rise from the start, there’s no need to buy. If you bought, believe it will rise sooner or later!
