How can one make money in the crypto world?

There is a very important principle in trading: don't make small profits, don't take big losses.

Simply put in 8 words, it is actually very difficult to achieve. For example: you opened a position at 20,000, and it immediately rose to 21,000 after opening. You are very happy, you take profit, and earn 5%, feeling great. But then the market keeps rising to 25,000... you made 5%, but missed out on 50%;

Then you tell yourself to make big money, this time you absolutely won't take profit. Then the market returns to 20,000, and you open another position, which again rises to 21,000. You tell yourself to learn from the last experience and hold on to make big money. As a result, the market drops back to 20,000 and falls below to 19,500, and you cut your losses.

It's so hard for me!

Many people spend their whole lives in this dilemma, constantly switching back and forth, never able to escape.

Is there a way to make money regardless of whether the market is big or small?

No, it's either one or the other. I usually choose not to make small profits and wait patiently.

Trading is a long-term practice, whether you are a short-term or long-term trader. Making 200% in a big market move, as long as you can keep most of the profits, you can make another 200% the next time there’s a big opportunity, which is 4 times... as long as you can preserve profits, it can compound. If you make 200% this time and then lose it all back, what’s the use? In the trading market, there’s no such thing as missing out; there are only losses and gains.

Some people might feel they have found the right path and that they are about to get rich.

Finding the path only means that your probability of making money has increased.

In fact, this kind of operation requires a high level of mentality, patience, and courage.

1. Are you willing to patiently wait for a good position?

2. Can you boldly open a position without caring about the capital, even if you lose it all? The anxiety of missing out, the urgency to secure profits after gaining, the worry of losing after opening a position... requires a long time to cultivate. If you want to play, be cautious, but also venture for profits.

Of course, finding the path is still much better than those who play blindly. Many people spend their whole lives never finding out where the path is.