Five years ago, one day, when I organized all my trading records and looked at them carefully many times, I had mixed feelings. I have a deep impression that there were more than 1,000 trading records, of which more than 700 were losses, and only a little over 300 were profits. Overall, it was a case of losing big and winning small, with more than 200 being significant losses. So, over those years, I was generally at a loss. In fact, looking at this trading record reveals significant issues; the first reaction is greed. When I see those large losses, I recall the trading situations at the time, unwilling to exit when there were gains, and unwilling to cut losses when there were losses. This essentially caused the final big losses.
There are also some small losses, mostly because the current thinking is unclear, lacking grasp, operating with luck, insufficient research, and blindly entering the market. As the frequency increases, the final losses become substantial. Ultimately, it boils down to unclear or indecisive entry points. After summarizing, I realized that the truly good entry point should be at the starting point of a price increase. Some unclear entry points occur during range fluctuations or when the situation is uncertain, leading to an increase in small losses, turning into a situation akin to boiling frogs in warm water, and by the time one realizes it, it's already too late.
I summarized, reflected, listed problems, and thought a lot. I really put all my thoughts into it. Later, I researched the techniques and valuable insights carefully, summarizing them into my own method, which I now use with great ease!
Today I also share this with fans, hoping it helps you. If you find it useful, remember to like and save it!
The 'core technology' in any field will not be publicly disclosed. In the online world, you can't search for it; it only circulates among a very small number of people and is held within core circles. This kind belongs to the 'secret knowledge' of this field.
The 'key' hidden in the fragmented core circles is embedded in the content of this series of articles. Some things cannot be said too explicitly; they need to be 'understood.' If you look carefully, the hidden truths will surface. Seeing this article also indicates that you have a connection with the core circle, a connection that is priceless.
Finance is the top of all industries. To make money in finance, you need absolute strength, but losing money can happen in the blink of an eye.
Only by possessing the 'secret knowledge' of top experts can you complete the transformation from novice to master in this field.
In the zero-sum game of finance, only a minority makes money, while the vast majority lose money.
Do you know what the fundamental reason for losing money in the financial field is? This reason is very simple: 'making mistakes.'
'Making mistakes' sounds simple, but explaining this category is quite extensive. Typically, novices in the crypto space often fall into the following ten traps.
Each trap is enough to put novices at risk, leading to irretrievable financial losses:
First trap: Trading coins based on news, unwilling to spend time researching the coins you invest in.
Second trap: Acting on emotions, making irrational buying or selling decisions during market volatility.
Third trap: Chasing high prices of newly listed coins.
Fourth trap: Fear of missing opportunities, leading to blind purchases.
Fifth trap: Blindly putting all your money into a particular coin without leaving room.
Sixth trap: Blindly trusting various news or opinions from self-media.
Seventh trap: Blindly believing in a particular coin while ignoring systemic risks.
Eighth trap: Hasty investments, betting your fortune on unresearched coins based on feelings.
Ninth trap: Trading on small exchanges, resulting in the exchange going offline, getting hacked, or being unable to withdraw funds.
Tenth trap: The desire for quick success and the fantasy of getting rich overnight.
The above ten traps are often encountered by novices, and
If you want to avoid traps and thrive in the crypto space, there is only one method: to have an effective trading system that can withstand bull and bear markets and continue to grow. This is also the 'secret skill' of those top experts in the financial field.
