In the crypto world, if you want to truly achieve financial freedom and compound interest, it is crucial to have methods, techniques, and to form your own profit system!

After trading cryptocurrencies for over nine years, my wealth journey is summarized as follows:

The first million took the longest and was the most painful, with the trading system constantly being reshaped and refined, taking a year and a half.

The second million took three months.

The third million took only 40 days.

The fourth million took only 5 days.

75% of the funds were earned in a six-month period.

First, let's talk about those who make money:

First of all, they are definitely not contract players. None of the contract players I know are making money, even if they made money at some stage, the final result is still losing everything. In fact, the essence of contracts is gambling, making money through probability. Of course, this is slightly better than betting on big or small, but it’s basically similar. Those who make money through contracts are generally those who operate contract community trades. They have long realized that contracts cannot make money, so they go to operate contract trading communities, old investors cutting new investors.

Here is some advice for those who want to recover losses or make money through contracts: So many losing people are still in the crypto world just to recover their losses, but there is a harsh reality: most people cannot recover their losses and cannot make money, especially those who want to recover losses through contracts; they are even more delusional. Those who make money through contracts in the market are very few and far between. Don’t fantasize about why you are not that person. To be honest, if you want to recover losses through contracts, you are really not cut out for it. No matter how much you lose, it’s the same. Even if you lose everything, you cannot recover losses through contracts. Therefore, I advise those who want to recover losses through contracts to quit contracts; in other words, quit gambling.

What should spot traders do if they are losing money?

Firstly, if the losses are not too much, and the principal is still relatively large, that is to say, if the principal and the loss are about equal, then recovering the capital is relatively simple and easy. Alternatively, if you need to multiply your investment by less than five times to recover your capital, that is also possible. However, the most important point is the buying and selling points. If you are stuck at a high position, it becomes difficult. Most people can make money when the bull market starts, or during the main upward trend of the bull market, but they lose money because they don’t know when to sell. After selling, during the distribution phase by the main forces, they repeatedly enter the market and get harvested at high positions. Therefore, for retail investors, knowing when to sell is very important, but selling is not the most important thing.

The most important thing is that after selling, being able to stay in cash and wait is something that most people cannot do; about 95% of retail investors cannot do this, and it is fundamentally where most people lose money. If you can sell at a relatively high point, and after selling, do not let market analysts or various positive news at high positions influence you, and persist in being in cash, that is truly securing your profits, and that is how you can really make money.