Did you think making money by trading cryptocurrencies relies on charts, news, or luck?
How naive! The only people who survive in this market and make big money are those who have been ground into the dirt by the market, who have lost so much that they wanted to jump off a building, and who ultimately gritted their teeth and got back up. 1. If you don’t get liquidated, you will always be a novice. If you’ve never been liquidated, you don’t understand what “pain” really means. If you haven’t experienced going from making 1 million to losing it all, you will never understand what “despair” means. The market won’t reason with you; it will teach you the hard way: Losing 50% of 1 million leaves you with 500,000, but to get back to break-even, you need to earn 100%! Climbing from the first floor to the hundredth takes 1 hour, but jumping down from the hundredth takes only 30 seconds. Remember: Your capital is your life; whoever touches your capital, you must cut them off! Even if you have doubled your money 100 times, one time going to zero means you are completely out. 2. Why are most people just fodder for the market? Because they can’t control themselves at all! They can compare prices for 3 days to buy a pair of shoes, but only take 3 seconds to decide to buy cryptocurrencies! The pain of losing 1,000 yuan is 10 times more intense than the joy of making 1,000 yuan! Frequent trading can eat away 140% of your capital in fees in a year! (Don’t believe it? Do the math yourself!) What do truly ruthless people do? Think ahead: How much do I want to earn in this market wave? How much must I cut losses? How much must I withdraw part of my profits? Never go all in: Buy in batches, increase your position only when you are making a profit, and always leave yourself a way out. Be patient and wait for opportunities: The cryptocurrency world is a place where “three years of silence can lead to three years of gains”; moving recklessly = seeking death! 3. Top-level thinking: What you want is not small money, but a change in destiny! If you are trading cryptocurrencies with 10,000 yuan and losing sleep over daily fluctuations of a few hundred yuan — it’s better to quit early; you are not suited for this game! What do real big players think? Their goal is 10 million; they don’t even notice a fluctuation of 1 million! When the trend is on, hold on tight; when there’s no trend, it’s better to sleep than to act recklessly! Trading goes against human nature; you have to endure better than 99% of people! The market does not eliminate those with poor skills; it only eliminates those with a broken mindset. Would you rather be the fodder who “exits completely after liquidation” or the winner who “can rise again after losing it all”?