I know an old senior who invested 100,000 in the cryptocurrency market and is now worth 42 million. He once told me something that I remember to this day: 'This market is all about the hype; if you can control your emotions, this place will be your ATM.'
His way of making money sounds simple, but it works:
First, don't be greedy for small profits, and don't hold onto big losses. There was a brother who opened a position with 20,000, sold when it rose to 21,000, and felt happy about making 5%. Later, it surged to 25,000—he made a small profit but lost a big opportunity. He learned his lesson and decided to hold on, but when the market returned to 20,000, he opened a position again. When it rose to 21,000, he thought, 'This time I must hold on,' but it fell below 19,000, and he had to sell at a loss. How many people get stuck in this dilemma and can't get out for a lifetime?
Second, only pick mainstream coins that have fallen deeply. No matter how fancy a new coin is, don't touch it; start by investing one-tenth of your position to test the waters. Don't guess where the bottom is; wait until it stabilizes before taking action. It may sound foolish, but it allows for a good night's sleep.
Third, when it's confirmed to be going up, add two to three more positions during a pullback. While others are frantically bottom-fishing, I prefer to wait until the trend is stable before increasing my position. If it costs a bit more, so be it; it's better than getting stuck halfway up.
Fourth, after each wave of increase, pull out the principal and half of the profit first. The remaining can be played with however you like; when it reaches the line you've drawn, sell—don't be greedy for even a bit more. Cashing out is the real profit.
Last year, he guided a brother who had lost over 600,000 using this simple method. In six months, not only did he recover his losses, but he also ended up with a BMW X3.
The cryptocurrency world is not lacking in smart people; what it lacks are those who can control their hands and endure—the 'foolish people.' When everyone else is chasing prices up and down, you calmly follow the trend, and the money others lose will naturally come to you.
Either continue to follow the 'smart ways' and lose, or follow my simple method—be steady, don't be greedy, and every bit of profit earned will feel solid.
Is the market bouncing around leaving you confused? Stuck and not knowing how to get out? Or even feeling like your operations are going off track? Don't hold it in; come find me to chat, and I'll help you sort out your thoughts~
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