Do you think profits in the crypto world rely on technology, news, or inspiration?
If you think this way, you are too naive; you have become a leek.
Only one type of person can survive in this market and rise to be a big shot.
That is the person who has been ground down by the market, lost everything and wanted to jump off a building, but still gritted their teeth and stood up.
The following are my experiences over the years; though the words may be rough, the reasoning is not.
1. If you have never blown up an account, you will always be a rookie.
If you have never blown up an account, you don't understand what 'pain' means.
If you have never experienced going from a profit of 100,000 to losing everything, you will never understand what 'despair' means.
The market won't reason with you; it will only teach you how to be a person in a harsh way:
If you lose 50% of 100,000, you are left with 50,000, but to get back to break even, you need to double that 50,000.
It takes 1 hour to climb from the 1st floor to the 100th floor, but it only takes 30 seconds to jump down from the 100th floor.
(Telling you this is to make you remember):
Your principal is your life; if anyone touches your principal, you cut them down!
Even if you have doubled your money 100 times, as long as you lose everything once, you're completely out.
2. Why are most people like leeks?
Because they can't control themselves at all!
You can compare prices for 3 days for a pair of shoes, but it only takes 3 seconds to decide on a coin!
The pain of losing 1000 yuan is 10 times stronger than the joy of earning 1000 yuan!
Frequent trading can consume 140% of your principal in fees over a year! (Don't believe it? Do the math yourself!)
How do true tough people act?
Think ahead:
In this wave of the market, how much do I want to earn?
How much must I cut losses?
How much must I withdraw first?
Absolutely no speculation: buy in batches, only increase positions when profits are made, and always leave a way out.
Be patient and wait for opportunities: the crypto world is a place where 'you don't open for three years, but when you do, you eat for three years'; moving recklessly equals seeking death!
3. Top-level thinking: what you want is not small profits, but a change in destiny!
If you are trading with 10,000 yuan and can't sleep because of fluctuations of a few hundred yuan, you should quit early; you are not suited for this game!
How do true big shots think?
The goal is 1 million; a fluctuation of 100,000 is simply not worth mentioning!
When a trend comes, hold on tight; when there is no trend, it's better to sleep than to move recklessly!
Trading is counterintuitive; you have to be able to endure more than 99% of people.
The market does not eliminate those with poor skills; it only eliminates those with a collapsed mindset.
Do you want to be a leek that 'completely exits after blowing up' or a winner that 'can rise again after losing everything'?
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