I am 35 years old this year and entered the crypto world in 2019. When I entered, I borrowed 60,000 as capital, and by last year, my assets had exceeded 10 million!

Trading cryptocurrencies for ten years, over 3,600 days. I have tried long-term, short-term, ultra-short, and swing trading; I've done almost every type of method. I have always said that mastering a skill requires the 10,000-hour rule: 8 hours a day and over 200 days a year of reviewing, which takes about 3 years to start making stable profits. Many experts who have traded from tens of thousands to hundreds of millions often do so by opening large contracts, and many of them end up losing everything in a bear market. In the face of major trends, it often leads people to lose their ability to make correct judgments.

Back to the point, I will share with you here:

The financial market never has 'what ifs'; it only looks at the results! If you can't achieve results in crypto trading, you must have made some mistakes; if you can continuously achieve results, you must have done something right. Our mindset affects our daily behaviors and ultimately our results. Losing money is not scary; what is important is to find the real reasons for the losses, make a firm decision to change immediately, which can help us turn losses into profits. We cannot ignore problems, evade them, or avoid solving them directly; that is what is truly frightening. Everything has a cause and effect; plant good causes, reap good results; plant bad causes, reap bad results. Our current situation stems from every decision we make. Regardless of whether the outcome is good or bad, we must bear it; in the adult world, once a choice is made, even if it's wrong, we have to walk through it on our knees. In the adult world, we must not pretend that the process is very hard; the final result will not act out a drama with us. We must learn to reflect and summarize more; keep improving the good and change the bad immediately. Given time, we will all improve. Trading in crypto is the same; we must abandon the mindset of luck, discard the desire for quick wealth or speculation, and reject every trade outside our capabilities and understanding. Before each trade, we must ask ourselves if we understand it, if we have a solid basis for our trading decisions, if we have prepared a strategy and a risk control system, and whether we can accept failure, etc.! Truly clearly identifying our own abilities is an essential factor for us to become qualified investors. As long as we want to change, any time is the right time!

The essence of trading is: cut losses when wrong, hold on when right.