For ordinary people to make money, it's about giving up the mindset of trying to buy low and sell high, just make money within a range. For us traders, it's about eating the fish's flesh, giving up the head and tail.
What trading requires most is self-awareness, knowing your own limits.
Taking myself as an example, I started trading because I saw other traders who didn't have to work and lived financially free lives. I envied them, so I started learning to trade.
The outcome is always to earn first, then lose, then earn, then lose; it has always been like this, and I haven’t made any big money.
I started analyzing whether the losses were my own fault or due to market reasons.
I conclude that it is due to market reasons.
I only trade in one direction, so when I lose, the market is often falling. Some people say that market fluctuations are normal; losing money is your own fault.
That's wrong. As a trader, you need to have absolute confidence and relative rationality. I attribute these to the market being bad, not to my own inadequacy.
So how should I profit?
That is to find a simple market, or to trade during the market's bronze period.
How to understand finding a simple market? Similar to playing cards, you can win easily in a village, also in a county park, but when it reaches a provincial level where there are many experts, you can't win. So the most important thing is not to improve yourself but to seek out weak players and crush them.
This is one of the major misconceptions in trading; I used to always want to improve myself, to learn, to take paid courses, and later realized I was going down the wrong path.
What the experts say, the principle is simple, just crush the weak, don't participate in professional competitions.
The second point is knowing how to play in the bronze level. In a market, you can generally use a few simple methods to make a profit, but once your account is profitable, I start to get carried away. In uncertain markets, which are the golden levels, I also want to show off, and in the end, I just incur losses and exit.
Then continue to develop in the bronze level, accumulating capital, and repeat the cycle.
In the crypto circle, there are many talented traders. In terms of education, some have 985, master's or doctoral degrees. I am an ordinary undergraduate, nothing special. While having a high degree doesn’t guarantee good trading, it’s clear that many people lack talent in life and studies, and likely lack talent in trading as well.
I believe that trading does not require any special talent; as long as you grasp those two points, that's enough: first, know how to crush the weak; second, play in the bronze level, and don't keep increasing the difficulty for yourself.
I now define myself as an average trader, which gives me fewer opportunities to act, and I have a lot of free time. I will do some business, and the income from these businesses improves my mindset, making trading easier and creating positive feedback that helps me improve.
Back to the question, I started playing from university, and I earned about 4 million in the B circle with a capital of 50,000. I have never worked after graduating from university.
I have been playing in Kunming and Dali, not buying a house, not buying a car. My monthly expenses are 1500.
This is how I make money:
1. The capital was 50,000; I did projects in university, became a Taobao affiliate, did tasks, delivered goods, and completed various small tasks to save up 50,000.
Second, enter the crypto circle. I think BTC is too expensive, so I just keep playing with ETH, which has leverage, and then there are altcoin spot trades. Choose coins and manage your positions well. Just execute the simple strategy, if the market is bad, take a small loss, and when the market comes, earn big.
Why enter the circle?
If you want to change your fate, you must try the crypto circle. If you can't make money in this circle, ordinary people will have no chance in their lifetime.
Now I will explain the logic.
Making money through investment relies on two things:
One is the amount of capital. If you have 15 million, then a 50% profit would give you 7.5 million. And it’s not very difficult; buying a few ETF index funds below 3000 in the big A market can easily yield a 50% profit in one to two years.
The second is volatility. When you don't have capital, you can only rely on volatility to make money. The volatility in the crypto circle is still significant, although it cannot be compared to before.
You need to understand, in a downfall, you could lose it all, but in an upward movement, you might gain 10 times or 20 times. So for ordinary people, you need to buy spot, be patient, and do not be afraid during the rise.
Many people have never experienced the feeling of a coin doubling in price, checking the price 50 times a day, holding on tightly when losing, and not being able to hold on when making money.
Trading coins is hard to get rich; what is it difficult for? Desire? Patience? Goals?
This circle gives you such good volatility; it’s the friendliest market for you because you don't have large capital.
Getting rich is difficult because it requires controlling your desires, having a strong goal, and extreme patience. The method of spot trading can still allow for making money.
Simple things, when repeated, apply not only to trading coins but to all aspects of life.
Everyone knows that exercise can lead to better health, but very few people stick to exercising every day.
Investing follows the same principle; the principle is simple, but executing it is difficult.
Many things are easy to know but hard to do. To get rich, you need to be always prepared; when luck comes, you can take off.
If you can't understand, let me give you another way to explain it.
This is an executable plan for me. If you can follow through, earning 1 million is achievable.
First, do some hard work for two months to increase your capital to around 10,000.
Second, buy coins when Bitcoin's weekly line is above ma20, buy two to three, and they must be new coins, such as hot coins during a bear market, like APT before it rose; it came out of the bear market. As long as Bitcoin rises a bit, it can take off, such as OP. Just remember, it needs to have heat and a story to tell.
Third, stop loss if Bitcoin breaks below ma20, continue to earn during the buy or wait period, give yourself two to three chances to fail. If you have 20,000 in savings, invest 10,000, and you can afford three failures.
Fourth, if you buy coins like APT, sell when it reaches about 4-5 times. Keep executing the strategy, and remember you are small capital; you must buy new coins and not buy ETH or BTC. Their price increases cannot support your dreams.
Fifth, if you start from a bear market to a bull market, getting three times 5 times returns, is about 125 times. This period can be as short as a year or as long as three years. You have three chances to fail; if you fail all three times, it means you don't have the ability, so stay away from this circle, stay away from investments, and especially stay away from contracts.
Invest your energy into your job, cultivate your hobbies, improve your skills, and earn well at work. When you are more mature and stable, around your 30s, if you encounter a bear market like in 2022 again, invest 20,000 again and try again with the above methods. If you still don't succeed, then just work steadily and stay away from the crypto circle.
The most important part of the above methods is to have patience. If you don't have patience and lose your composure, you should exit quickly and avoid contracts.
In short, remember to enter the market when it's time, stop loss when necessary, and have patience.
The martial arts secrets have already been shared with everyone; whether you can become famous in the world depends on yourself!
